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Haldiram Eyes ₹10,000 Crore IPO in 2027
13 Nov
Summary
- Haldiram is preparing for an IPO potentially worth ₹10,000 crore.
- The company appointed EY to manage the IPO process.
- The snack maker targets a valuation exceeding ₹1 trillion.
Haldiram Snacks Food has reportedly initiated the process for its Initial Public Offering (IPO), with EY appointed to oversee the preparations. The company's debut on the stock market is anticipated around 2027, following the merger of its snack and food entities.
The upcoming IPO is projected to be a substantial event, with estimates suggesting it could raise approximately ₹10,000 crore. Furthermore, Haldiram Snacks Food is aiming for a valuation that surpasses ₹1 trillion, signaling ambitious growth expectations.
The offering is expected to include both a fresh issue of shares and an offer for sale by existing shareholders. Detailed information regarding the IPO's size, timeline, and valuation will be disclosed upon filing the Draft Red Herring Prospectus with SEBI.
Once listed, Haldiram Snacks Food will enter direct competition with established players like Bikaji Foods International Ltd and Prataap Snacks Ltd in the public market.
