Restaurant India News: SEBI Approves Foodlink’s Rs 160 Crore IPO; Hospitality Operator Prepares for Listing

Foodlink F&B Holdings (India) Limited has received final observations from the Securities and Exchange Board of India, marking a key step toward its Initial Public Offering. The IPO will include a fresh issue of equity shares amounting to up to Rs 160 crore along with an Offer For Sale of up to 11,953,535 equity shares from promoter and investor selling shareholders.

The company plans to use the net proceeds from the fresh issue for repayment or prepayment of borrowings, capital expenditure linked to restaurant and catering service expansion, and general corporate purposes.

Foodlink, founded and led by Sanjay Manohar Vazirani, has built a significant presence in the hospitality sector with operations across India, the UAE and Saudi Arabia. The company operates through luxury catering, fine-dining restaurants and international foodservice units, positioning itself as a major player in premium culinary services.

Its restaurant portfolio includes brands such as India Bistro, Art of Dum, YouMee and China Bistro. The catering vertical has developed capabilities around large-scale, high-profile events for global dignitaries, celebrities and corporates. The company’s model combines operational discipline with international foodservice practices to serve customers seeking high-end dining experiences as it moves toward public listing.