Drools parent IB Group taps Axis, JM, Nuvama for IPO; eyes title of India's largest listed poultry play
IB Group, owner of Drools pet food and Abis Foods, has held early pitches with Axis Capital, JM Financial and Nuvama for a planned IPO. FY26 turnover is guided at ₹16,000 cr, ahead of Abis (₹13,014 cr), VH Group (₹13,427 cr) and Venky's (₹3,727 cr). India's poultry market is projected to grow from ₹2.63 tn to ₹8.43 tn by 2034 at 13.8% CAGR.
What happened
IB Group, parent of pet-food brand Drools and Abis Foods, has held preliminary pitch meetings with Axis Capital, JM Financial and Nuvama for an IPO that could
Key facts
- FY26 turnover ₹16,000 cr
- Abis FY25 revenue ₹13,014 cr
- VH Group ₹13,427 cr
- Venky's FY26 ₹3,727 cr
- India poultry market ₹2.63 tn (2025) to ₹8.43 tn (2034)
- CAGR 13.8%
Why this matters
IB Group's pre-IPO banker pitches signal a 12-18 month listing window, opening strategic windows for partnerships, supply tie-ups or pre-IPO stakes in adjacent protein and pet categories.