Tuesday, April 17, 2018

Lite Bite Foods to Raise Funds via IPO

Lite Bite Foods a company who runs popular restaurant like Punjab Grill, Baker Street and Street Foods to raise funds via IPO. The company is promoted by Dabur's Vice Chairman Amir Burman and Rohit Aggarwal. They have 140 restaurant outlets of popular brands which owned and franchised brands.

Lite Bite Foods bags a rights for development of eateries in 5-tier and 2-tier airports in Indian cities like Ahmedabad, Coonoor, Calicut, and Bhubaneshwar airports. The company is planning to open 60 new outlets in India. Currently they have 12 owned brands and 7 franchised brands which includes KFC, Pizza Hut, Subway and Burger King.

There is no confirmation about the ipo till now but it might come next year.