Archive · 29 Jul 2026
Ferns N Petals Targets 2028 IPO
Ferns N Petals, a company that sells flowers and gifts, wants to go public in 2028.
They are working hard to make sure their company is strong and profitable before they do this.
They have already made over ₹1,000 crore in revenue and are expanding in smaller cities in India and internationally.
They are also using AI to improve their operations and have a premium brand called FNP Lux.
Recently, they had a small issue with labeling a chocolate product, but they fixed it quickly.
Ferns N Petals (FNP) plans to go public in 2028.
The company aims to strengthen governance, financial discipline, and operational predictability before the IPO.
FNP reported ₹1,085 crore in revenue in FY26 and remains profitable.
The company is expanding in Tier-II and Tier-III cities in India and internationally, with a focus on the UAE, Singapore, and Qatar.
FNP is leveraging quick-commerce platforms for about 25% of its orders and has introduced FNP Lux for premium offerings.
- Who
- Ferns N Petals (FNP), Pawan Gadia
- What
- Plans to go public in 2028
- When
- Targeting calendar year 2028
- Where
- India, UAE, Singapore, Qatar, Southeast Asia
- Why
- To build a strong, profitable, and predictable company for public markets
Pro-IPO Expansion
Cautious Market Approach
Growth Strategy
Pro-IPO Expansion
The company is focusing on strengthening governance, financial discipline, and operational predictability to prepare for a successful IPO.
Cautious Market Approach
The IPO timeline is dependent on business readiness and favorable market conditions, indicating a cautious approach.
- Revenue Milestone
- ₹1,085 crore in FY26
- Profitability
- Profitable
- Physical Stores
- Over 300
- Delivery Cities
- More than 400
- UAE Revenue Target
- ₹500 crore in FY27
- Quick-Commerce Contribution
- 25% of orders
- Premium Brand
- FNP Lux
- AI Applications
- Product discovery, personalization, merchandising, demand forecasting, inventory optimization, delivery routing, quality checks
- FSSAI Issue
- Incorrect labelling of a private-label chocolate product, resolved