Frozen food maker HyFun Foods plans massive share sale by late 2028

Frozen food supplier HyFun Foods plans to raise up to 20 billion rupees through an initial public offering slated for late 2028.

Timeline and Growth

The company will start getting ready for this share sale in mid-2027 as demand grows within the country. Management expects strong revenue growth by making the factory bigger to meet the rising popularity of frozen foods. At the same time, the share of money earned from selling goods abroad is expected to drop from three-fourths to half over five years.

Context

Companies often turn to public share sales to raise money for expanding their business operations and building new production plants. The frozen food sector in India is seeing steady growth as more urban consumers look for quick meal options.