Legacy Law Offices acts on Functional & Innovative Foods proposed IPO

Functional and Innovative Foods Limited has filed a Draft Red Herring Prospectus before the SEBI for a book-built “Mainboard” offer for a fresh issue of 65,00,000 shares and an Offer for Sale for 25,00,000 shares, with an offer size of ₹90 crore+.

Legacy Law Offices advised and acted for Functional and Innovative Foods, the Selling Shareholder (Senthil Kumar), and the Book Running Lead Manager (Beeline Capital Pvt Ltd) on this Mainboard IPO.

The transaction team was led and supervised by Gagan Anand (Managing Partner) and Shalini Munjal (Co-Managing Partner and Chair – General Corporate).

Tiruchengode-based Functional and Innovative Foods Ltd is an integrated food contract manufacturing company with a diversified product portfolio across Ready-to-Eat and Ready-to-Cook products, staples, sugar alternatives, spices and allied FMCG categories.

The company’s B2B customer base spans emerging consumer brands as well as established FMCG names, including Slurrp Farm, The Whole Truth, Urban Platter, Big Basket, Kelloggs India, Millet Bank, and Marico.

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