Haldiram Snacks Starts IPO Preparations, Targets ₹10,000 Crore Issue And Stock Market Debut In Late 2027

Haldiram Snacks Food has begun work on its proposed initial public offering (IPO), with the company appointing EY to oversee preparations for a possible stock market listing in late 2027, according to a report by The Economic Times.

The proposed issue could be worth around ₹10,000 crore. Haldiram is also targeting a valuation of more than ₹1 lakh crore, the report said.

The company was formed by combining Delhi-based Haldiram Snacks and Nagpur-based Haldiram Foods International. The merger brought the two businesses under a common structure ahead of the planned listing.

Haldiram Sets Up Team To Oversee IPO Preparations

An executive familiar with the development told The Economic Times that Haldiram has set up a project management office (PMO) to handle the work involved in preparing for the IPO.

The team will coordinate with different business functions and oversee compliance requirements. Given the company's size and business structure, the preparations are expected to take six to 12 months and could stretch beyond that.

The proposed IPO is likely to have two components: a fresh issue of shares and an offer for sale (OFS) by existing shareholders. The final size and structure of the issue will depend on how the preparations progress.

Haldiram Listing Adds To India's Upcoming IPO Pipeline

Haldiram's proposed listing comes as another major consumer-sector IPO takes shape in India. Coca-Cola is also preparing to list its bottling business, Hindustan Coca-Cola Holdings.

The proposed issue is estimated at around $1 billion. The beverage company filed the draft red herring prospectus (DRHP) for the offering with the Securities and Exchange Board of India (Sebi) last week.

Haldiram's late-2027 timeline leaves considerable time for the company to complete the necessary groundwork. The proposed ₹10,000 crore issue and a valuation target above ₹1 lakh crore would make it one of the major consumer-sector listings to watch.

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