Markets India

Haldiram Snacks Food is preparing for an initial public offering that could raise up to ₹10,000 crore. The company aims for a valuation exceeding ₹1 trillion as it moves toward listing on D-Street in 2027.

Haldiram Snacks Food Targets ₹10,000 Crore IPO with Potential Valuation of Over ₹1 Trillion

Haldiram Snacks Food has begun the process of going public by appointing EY to manage its initial public offering (IPO). The IPO could combine both a fresh share issue and an offer for sale (OFS), potentially raising ₹10,000 crore. While no official timeline has been confirmed, the company expects to list on D-Street in 2027 after filing its Draft Red Herring Prospectus (DRHP) with SEBI.

The IPO could significantly boost Haldiram’s market capitalization and provide funds for expansion into new markets and product lines. It may also intensify competition within the snack sector, challenging established players like Bikaji Foods International Ltd and Prataap Snacks Ltd. The OFS component of the offering will allow existing shareholders to sell shares while attracting fresh institutional investors.

However, uncertainties remain around both valuation and timeline as the DRHP has not yet been submitted for approval. Market conditions and regulatory approvals could delay the listing process. Existing shareholders may also face dilution through the OFS, which could impact their equity stakes.

The IPO presents opportunities for Haldiram to access institutional capital for growth while enhancing brand visibility and diversifying its product portfolio. The company’s strong position in India's snack market positions it well for a successful public listing.

Haldiram Snacks Food will file the DRHP with SEBI, which will include finalized details on issue size, timeline, and valuation. Other companies like Zepto and Flipkart are also planning IPOs that may influence market dynamics.

Haldiram’s IPO could elevate its position in India's snack sector but remains uncertain pending regulatory approvals and final valuations.

Topics: Stock Markets, Indian Companies, IPOs, Haldiram Foods, Financial News

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Source: LiveMint