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  1. Carlsberg files confidential IPO papers with SEBI, plans to raise ₹6,600 crore: Report

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Carlsberg files confidential IPO papers with SEBI, plans to raise ₹6,600 crore: Report

SUMMARY

The proposed initial share sale of Carlsberg's India unit could be solely an offer for sale (OFS) by the Danish brewer and could launch later this year.

Kotak Mahindra Capital, JP Morgan and Citigroup are the issuer's book-running lead managers. | Image: Shutterstock

Kotak Mahindra Capital, JP Morgan and Citigroup are the issuer's book-running lead managers. | Image: Shutterstock

Danish brewing giant Carlsberg A/S has confidentially filed draft papers for an initial public offering (IPO) of its India business to raise as much as ₹6,600 crore, news agency Bloomberg reported, citing people familiar with the development.
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The proposed initial share sale could be solely an offer for sale (OFS) by Carlsberg and could launch later this year.

The confidential filing allows companies to keep public offer details private till the advance stages of the listing process.

Kotak Mahindra Capital, JP Morgan and Citigroup are the issuer's book-running lead managers, Bloomberg reported.

In February 2026, the beer giant's Group CEO Jacob Aarup-Andersen had revealed the IPO plans for the company's India unit to unlock shareholder value.

"What I can say is that this exploration is driven by our aim to create shareholder value... So, we are assessing this on the back of assessing whether we can create shareholder value," he said, adding that the decision is "purely driven" from a shareholder value perspective.

The company operates in India with brands such as Carlsberg Elephant and Tuborg, among others. The firm had posted a high single digit volume growth after a strong end-of-the-year performance, the CEO said in the earnings calls for FY25.

"If we look at the key markets in the region, we had another good year in India," he said, adding its Indian subsidiary strengthened its market share in the majority of the states.

Last month, Jio Platforms, the telecom and artificial intelligence venture of Reliance Industries, filed for what could be India's biggest IPO. It is solely a fresh issuance of 27 crore shares.

Stock exchange NSE also filed preliminary papers with market regulator Securities and Exchange Board of India to raise funds via initial share sale. The issue is only an offer for sale (OFS) of 148,905,525 shares by existing shareholders.

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