Now Reading: Haldiram Snacks begins IPO process for Rs 10,000 crore issue
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Haldiram Snacks begins IPO process for Rs 10,000 crore issue
The Story in Brief
Haldiram Snacks Food has formally begun preparations for its initial public offering, targeting a listing in late 2027. The proposed issue is estimated at Rs 10,000 crore (about $1 billion), with the company valued at over Rs 1 lakh crore. EY has been appointed as the project management office for compliance and coordination, The Economic Times, News9 and Business Standard reported, citing people aware of the development and an executive.
The IPO will include an offer for sale by existing shareholders and a fresh issue of shares. The process is likely to take six to 12 months or more due to the diversified and complex business structure. An executive said the public listing process has begun formally with the PMO team. Emails to Haldiram chief executive KK Chutani and EY seeking comment remained unanswered.
Haldiram Snacks Food posted revenue of Rs 7,762 crore in the first half of fiscal 2026 (April-September 2025), with an operating margin near 19%, according to Crisil Ratings. The snack maker was formed after merging Delhi-based Haldiram Snacks and Nagpur-based Haldiram Foods International. Global investors including Temasek, International Holding Company, Alpha Wave Global and L Catterton hold stakes. The promoter Agarwal family retains 80 to 85% of the company.
Indian Opinion Analysis
All three outlets report Haldiram Snacks Food's IPO preparations identically: the issue size of Rs 10,000 crore, the six-to-12-month timeline, EY's appointment, the offers for sale and fresh issue, the listing target of late 2027, and the investor names. Business Standard adds the private equity deal valuation of about Rs 85,000 crore, which the others omit. News9 adds the promoter Agarwal family's 80 to 85% stake, also absent from the other two. The coverage is uniform straight reporting, with Business Standard offering slightly more detail on the investor acquisition timeline and deal size. Differences are additions, not conflicts. The concrete development to watch is whether the company files its draft red herring prospectus in 2027 as indicated.
Coverage: 3 sources, 3 neutral
Sources (3): economictimes.indiatimes.com (neutral report), news9live.com (neutral report), business-standard.com (neutral report)
This brief was synthesised by AI from the 3 sources linked above, so one read covers every framing they carry. Methodology and corrections.
Update, 12 November 2026: this story now draws on 3 sources.
