Lite Bite Foods, which runs popular restaurant like Punjab Grill, Baker Street and Street Foods, is considering to raise funds through an initial public offer (IPO).
"We are toying with the idea ..may be next year we will be big enough to think of an IPO. We have met different bankers about how we should go ahead. We would rather go in for IPO than private equity. We are having discussions but nothing is decided yet. May be next year," Lite Bite Foods Chairman Amit Burman told PTI.
"As of now, it is all internal accruals from promoter funds," he added.
The company plans to open close to 60 new outlets in India in the next financial year, mostly in these new airports, through a portfolio of its owned and franchised brands.
"Travel by Indians is going up and we want to look at airport travel retail as a separate business vertical. We have had experience of running eateries at airports. We have bagged master concession for Indore, Ahmedabad, Coonoor, Calicut, and Bhubaneshwar airports.
"We are also looking at expanding the existing presence at the Jammu and Pune Airports, he said.
At present, the company operates 58 outlets at airports in Mumbai, Delhi, Bengaluru, Pune, Jammu and Goa.
The company is also looking at expanding its business of institutional catering. It at present operates 21 outlets for running this business. It serves 10 institutional clients.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)