Indian poultry and agribusiness major IB Group (parent of the popular pet food brand Drools) is holding pitch meetings with investment banks like Axis Capital, JM Financial and Nuvama to explore a potential Initial Public Offering (IPO).Â
If realized, the IPO could make IB Group the largest listed poultry company in India, surpassing competitors like Venky’s, based on the size and scale of the IPO.
Here is a breakdown of the current situation and the company’s profile:
Key Details & Financials
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- Financial Standing: The company reported a massive turnover of ₹16,000 crore ( USD 1.7 Bn) in FY26 as per various Media reports and LinkedIn posts
- Business Operations: Headquartered in Rajnandgaon, Chhattisgarh, the group’s highly integrated agribusiness model encompasses poultry feed manufacturing, broiler farming, hatcheries, and processed chicken distribution (under the Laziz brand)
- Diversified Portfolio: Beyond poultry, the group has successfully expanded into dairy, edible oils, and pet food. Its pet food subsidiary, Drools, is one of India’s fastest-growing premium pet food brands
Corporate Strategy
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Pre-IPO Prep: To strengthen governance and align with market regulations, IB Group previously appointed prominent industry veterans to its board, including R.S. Sodhi (former MD of Amul) and Kishore Kharat (former MD of IDBI Bank)
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Protein Mission: Led by Managing Director Bahadur Ali, the group is heavily invested in its “Har Ghar Har Din Chicken Protein” mission to bolster domestic protein consumption and align with nationwide agricultural growth initiatives
