IB Group, the parent company of Drools, is preparing for an initial public offering (IPO) and has started seeking pitches from merchant banks to manage the process, according to livemint.com. The company, which reported a turnover of ₹16,000 crore in FY26, aims to become India’s largest listed poultry firm. Details on the stake-sale size and valuation are yet to be finalized.
The IPO preparations come as IB Group looks to capitalize on the rapidly expanding poultry and protein market in India. The company has initiated discussions with merchant banks to evaluate the best approach for the listing. The poultry sector in India is projected to grow from ₹2.63 trillion in 2025 to ₹8.43 trillion by 2034, highlighting significant growth potential for IB Group and other players in the space.
This move positions IB Group to benefit from the increasing demand for protein in India, driven by rising incomes and changing dietary preferences. The company’s scale and market presence could make it a dominant player once listed, offering investors direct exposure to one of India’s fastest-growing food sectors. The IPO could also set a benchmark for other poultry and agribusiness companies considering public listings.
IB Group’s IPO plans are at an early stage, with merchant banks currently pitching for the mandate. The company’s turnover of ₹16,000 crore in FY26 underscores its significant market footprint as it prepares for the listing. The IPO will provide a clearer picture of the stake-sale size and valuation once the merchant banks’ proposals are reviewed.