Haldiram IPO: Haldiram Snacks Foods, a leading namkeen and sweets manufacturing company, has started preparations to enter the stock market. The company has started the process of its Initial Public Offering i.e. IPO. According to media reports, the company has appointed Ernest & Young (EY) to handle this work. Haldiram plans to be listed in the stock market by the end of 2027. The size of this IPO can be around Rs 10,000 crore.
According to the report, Haldiram wants to achieve a valuation of more than Rs 1 lakh crore through its IPO. The company has also formed a Project Management Office (PMO) team to monitor this process. This team will look after coordination between different business departments and compliance with necessary rules. The business of the company is very big and spread in different parts. In such a situation, preparation for IPO may take 6 to 12 months or more.
OFS and fresh issue included
Existing shareholders can sell some of their stake in this IPO. This is called Offer for Sale (OFS). Apart from this, the company can also issue new shares i.e. this issue is likely to include both OFS and fresh issue.
Big companies of the world have invested
Many big foreign investors have stake in Haldiram. These include Singapore’s Temasek, UAE’s International Holding Company (IHC), Alpha Wave Global and America’s L Catterton. In March-April 2025, Temasek, Alpha Wave Global and IHC had invested in the company. At that time, based on these investments, the valuation of Haldiram was estimated at around $10 billion i.e. around Rs 85,000 crore. The three investors together had bought about 15 percent stake in the company. At the same time, the promoter Aggarwal family had about 85 percent stake. After this, in December 2025, L Catterton also invested in the company.
Company’s business and earnings strong
According to the CRISIL Ratings report, the revenue of Haldiram Snacks Food in the first half of the financial year 2025-26 was Rs 7,762 crore. During this period the operating margin of the company was about 19 percent. CRISIL hopes that the company’s earnings may continue to grow in double digits in the coming times. There will be reasons behind this like expansion of distribution network, increase in exports and launch of new products. With the company’s entry in the stock market, investors may get a chance to buy stake in the country’s big snacks business.
Source: ndtv.in
