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Pernod Ricard Eyes India IPO Over $1 Billion

7 Sep

Summary

Pernod Ricard India plans a potential IPO in 2027.
The offering could raise over $1 billion from investors.
Four major banks have been appointed as advisors.

Pernod Ricard India is preparing for a potential Initial Public Offering (IPO) as early as 2027, with preliminary plans to raise upwards of $1 billion. The company has engaged a syndicate of investment banks, including Kotak Mahindra Capital, Goldman Sachs, JP Morgan, and BofA Securities, to advise on the proposed listing.

These discussions are currently in an exploratory phase, and no final decisions have been made regarding the IPO's size or structure. Pernod Ricard's CEO, Alexandre Ricard, confirmed that the board is assessing the strategic rationale and potential shareholder value creation. This potential listing would follow Danish brewer Carlsberg's recent move to explore an India IPO.

Pernod Ricard India, a wholly-owned subsidiary, boasts a strong portfolio of Indian and international spirits, including Royal Stag and Chivas Regal. In FY25, the company reported consolidated sales of ₹27,445 crore and operates 24 production sites in India.

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