Parle Products IPO Buzz Returns As Company Picks Bankers For Potential $1 Billion Listing

Parle Products has reportedly taken another step towards a possible stock market debut by appointing investment bankers for a potential public issue.

According to multiple industry sources, the company has shortlisted Kotak Mahindra Capital, Axis Capital and HSBC Securities as advisors. Discussions are also said to be underway with another investment bank for a possible addition to the syndicate.

The proposed initial public offering (IPO) could raise more than $1 billion, making it one of the largest consumer-sector public offerings in recent years if it proceeds as planned.

What Is Being Planned For The Proposed IPO?

Parle Products is exploring a listing that could value the company at more than $10.5 billion, or over ₹1 lakh crore.

The proposed issue size is said to exceed $1 billion (around ₹9,530 crore), though people familiar with the matter cautioned that both valuation and issue size could change depending on market conditions and the final structure of the offer.

According to the report, the company floated a request for proposal (RFP) earlier this year before selecting advisors.

Parle Products has not publicly confirmed any IPO plans. Chief Marketing Officer Mayank Shah said the company does not comment on market speculation and remains focused on growing the business.

That marks a contrast with comments made in May, when Shah said that a stock market listing was "not on the cards currently" and that the company preferred to remain privately held while continuing to evaluate opportunities.

How Large Is Parle Products Today?

Founded in 1929 and headquartered in Mumbai's Vile Parle area, Parle Products is one of India's largest food and confectionery companies.

Its portfolio includes brands such as Parle-G, KrackJack, Monaco, Hide & Seek, Melody, Mango Bite and Poppins.

Beyond biscuits and confectionery, the company also operates in categories such as cakes, rusk, atta and breakfast cereals.

According to a PTI report, revenue from operations rose 8.5% year-on-year to ₹15,568.49 crore in FY25.

Profit, however, declined 39% to ₹979.53 crore during the year.

Parle Products also has a significant international footprint. Its products are sold across markets including the US, UK, Canada, New Zealand and the Middle East.

The company has manufacturing facilities in several overseas markets, including Nigeria, Cameroon, Ghana, Ethiopia, Kenya, Ivory Coast, Nepal and Mexico.

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Where Would A Listing Place Parle Among Consumer Giants?

The reported valuation target would place Parle Products among India's most valuable consumer-facing companies.

The company's competitors include Britannia Industries, ITC, Mondelez India, Perfetti, Priya Gold, Anmol Industries and Cremica.

For comparison, Britannia Industries had a market capitalisation of ₹1.29 lakh crore at the close of trading on 2 July.

Parle Products was ranked as India's seventh most valuable unlisted company in the 2025 Burgundy Private Hurun India 500 report, with an estimated value of ₹75,420 crore.

The company is promoted by the Vijay Chauhan-led Chauhan family and operates separately from Parle Agro, the beverage company known for brands such as Frooti, Appy Fizz and Bailley.

Any IPO proposal would remain subject to internal approvals, market conditions and regulatory clearances. The company has not officially announced a timeline or filing plans for a public issue.