Hotline: 1800 102 2007
Hotline: 1800 102 2007
Apr, 15 2019

Ferns N Petals targets to launch IPO in 2020 to fund expansion

The brand is targeting at launching 500 outlets across the country by the end of the year 2020.

Ferns N Petals targets to launch IPO in 2020 to fund expansion

Ferns N Petals is planning to roll out its initial public offer (IPO) in 2020 while it expands its operations apart from the core business of flowers and gifts retailing. The expansion plans of the company include FMCG and hospitality sectors.

Vikaas Gutgutia, Founder and Managing Director, Ferns N Petals, said, "We are looking at coming out with an IPO in the next 14-18 months, in the year 2020. Work has already started on this front. We will use the money to fund our growth plans as we expand beyond our core business of flowers and gifting."

Ferns N Petals is eyeing at becoming a major player in the fast moving consumer goods (FMCG) segment with the introduction of packaged water, chocolates, cookies and cakes. The brand also looks to establish a chain of wedding hotels.

"We want to expand base beyond our core business of flowers, gifting and wedding decor. Apart from growing FMCG, we are also looking at opening a chain of wedding hotels and producing content for different platforms such as web series and short films," Gutgutia added.

The company aims to invest Rs 20 crore for starting three to four hotels in the next 12 months. Currently, Ferns N Petals has one operational property in Delhi.

Ferns N Petals had posted about Rs 360 crore turnover last fiscal. It is expecting about 30% year-on-year growth.

At present, Ferns N Petals has 300 outlets in 120 cities across India. The brand is targeting at launching 500 outlets across the country by the end of the year 2020.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Beauty Salons
    About Us: Pro art makeup Academy is a renowned beauty and..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Furniture/Home Decor & Furnishing
    WoodenStreet has been leading the front of providing premium quality..
    Locations looking for expansion Haryana
    Establishment year 2015
    Franchising Launch Date 2021
    Investment size Rs. 20lac - 30lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Robotics & Technical Training
    Teaching computer science education to kids K-12 onsite at iCode..
    Locations looking for expansion Haryana
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Faridabad Haryana
  •   a)      Unified Web Options and Services Private Limited  (UWO..
    Locations looking for expansion Madhya pradesh
    Establishment year 2020
    Franchising Launch Date 2021
    Investment size Rs. 50000 - 2lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater jabalpur Madhya pradesh
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities