Snack giant Haldiram plans stock market debut with large share sale

Home-grown snack maker Haldiram Snacks Food has begun preparations for an initial public offering to list its shares on the stock market. The company appointed EY to manage the share sale process. The offering could raise close to 10,000 crore rupees, while the firm targets a valuation of more than one trillion rupees.

Structure

The planned offering is set to combine a fresh issue of shares with an offer for sale by existing shareholders. Haldiram set up a project management office team to handle compliance and work between different business functions. The full details of the issue size and listing timeline will become clear after the company files its draft papers with the Securities and Exchange Board of India.

Timeline

The share sale process is likely to take six to 12 months to complete. While some reports point to a possible market listing in the year 2027, there is no official information available yet regarding the exact timeline. Once listed, the firm will compete directly with other listed companies like Bikaji Foods International Limited and Prataap Snacks Limited, alongside several other major consumer and tech firms planning their own market debuts.

Context

Companies often turn to the public markets through an initial public offering to raise fresh capital for business growth and give early investors a chance to cash out. Large consumer brands in India frequently seek stock exchange listings as they scale up operations to reach more customers across the country.