Drools-parent IB Group taps Axis, JM, Nuvama for IPO; eyes spot as India's largest listed poultry play
Rajnandgaon-based IB Group, which owns Abis Foods and pet-food brand Drools, is sounding out merchant bankers for a public issue. FY26 turnover is guided at ₹16,000 cr, ahead of Venky's ₹3,727 cr and tracking VH Group's ₹13,427 cr — positioning a listing against a ₹2.63 tn poultry market projected to hit ₹8.43 tn by 2034.
What happened
IB Group, parent of pet food brand Drools and Abis Foods, is meeting Axis Capital, JM Financial and Nuvama to plan an IPO that could make it India's largest
Key facts
- FY26 turnover ₹16,000 cr
- Abis FY25 revenue ₹13,014 cr
- VH Group revenue ₹13,427 cr
- Venky's FY26 revenue ₹3,727 cr
- poultry market ₹2.63 tn (2025)
- projected ₹8.43 tn by 2034
- CAGR 13.8%
Why this matters
With Axis, JM and Nuvama mandated, expect IB Group to harden its category leadership pre-IPO — watch for tuck-in acquisitions in regional poultry, feed mills, or pet-care brands to widen the moat versus Venky's and VH Group.