India, June 30 -- IPO-bound cloud kitchen major Curefoods, known for brands like EatFit and CakeZone, is facing multiple criminal and regulatory cases following inspections at its outlets in Delhi and Noida, according to its draft red herring prospectus (DRHP).

Notices from municipal and food safety authorities have alleged serious lapses in hygiene, operations, and food safety at some of the outlets operated by the company.

The details of these cases are available in the company's DRHP filed with SEBI for its initial public offering (IPO). The IPO will comprise a fresh issue of shares worth up to INR 800 Cr ($304 Mn) and an offer for sale (OFS) of up to 4.85 Cr equity shares.

As per the draft papers, between January and May 2025, the ...