Hotline: 1800 102 2007
X
Search Business Opportunities
Dec, 11 2017

Lite Bite Foods Takes IPO Route For Fund

Lite Bite’s revenue grew 30-32% over last year and near Rs 300-crore business has identified Punjab Grill

Lite Bite Foods, which runs over 180 restaurant stores including Punjab Grill and Street Foods, is looking to list on the stock market over the next 12 months, joining the select few listed restaurant firms such as Domino’s operator Jubilant FoodWorks, Speciality Restaurants and Westlife Development which runs McDonald’s in the West and South.

Lite Bite Foods chairman Amit Burman said “We can probably go public in the next year. We’ve reached those numbers. There are two ways to fund the business private equity or a public listing. I’m more interested in going public. The eating-out sentiment is coming back. Impact of demonetisation, goods & services tax (GST) and the highway ban have settled down. There are only so many ways of entertainment. People will not stop eating out for a 5% increase in menu prices. In markets like Singapore or Hong Kong, people go out to eat about 28 times in a month. “In India, the number is three or four. If you look at what we can do to make that three or four to 10, it’s a big jump. Company would maintain its array of brands mainly for its airports business, including Asia Seven and Zambar.”

Lite Bite’s revenue grew 30-32% over last year and near Rs 300-crore business has identified Punjab Grill, Street Foods and Artful Baker, a recently set up vertical for institutions under which it runs cafeterias at office complexes and schools, and food courts at airports, as growth engines. Travel and the conventional store model are contributing equally to company revenues.

Comment
Related opportunities
  • Laundry & Dry Cleaning
    Fully Integrated One-Stop Laundry Solutions Expert! About Us: Waashub is a full-scale..
    Locations looking for expansion Karnataka
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Manufacturing & Ancillary
    About: Starkenn represent the world’s largest bicycle manufacturer and brand GIANT,..
    Locations looking for expansion Maharashtra
    Establishment year 1977
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Home Furnishings
    About Us: Marshalls is the brand synonyms with wallcovering in India.Started..
    Locations looking for expansion Maharashtra
    Establishment year 1975
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    Looking for your own lucrative business in ever growing fast..
    Locations looking for expansion New Delhi
    Establishment year 2009
    Franchising Launch Date 2012
    Investment size Rs. 10lac - 20lac
    Space required 200 - 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Rajouri New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities