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.
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 listed poultry company.