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  5. From bhujia to the bourses, Haldiram kicks off IPO process: Report

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From bhujia to the bourses, Haldiram kicks off IPO process: Report

Upstox
By Upstox News Desk

2 min read | Updated on November 12, 2026, 09:41 IST

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SUMMARY

Haldiram Snacks Food IPO could be a mix of a fresh issuance of shares and an offer for sale (OFS) component by existing investors.

Haldiram Snacks Food was incorporated in 2022 by combining the FMCG businesses of the Haldiram Delhi group and the Haldiram Nagpur group. | Image: haldiram.com

Haldiram Snacks Food was incorporated in 2022 by combining the FMCG businesses of the Haldiram Delhi group and the Haldiram Nagpur group. | Image: haldiram.com

Haldiram Snacks Food, which makes Indian snacks, sweets and ready-to-eat food products, has commenced the initial public offering (IPO) process, The Economic Times reported, citing people familiar with the development.
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The IPO size is estimated to be ₹10,000 crore with a valuation of more than ₹1 lakh crore, the report said. The initial share sale could be a mix of a fresh issuance of shares and an offer for sale (OFS) component by existing investors.

The company's shares are expected to make their market debut in late 2027, it added.

According to The ET report, Haldiram Snacks Food has mandated professional services provider EY for the PMO (project management office) for compliance management and cross-function coordination.

Haldiram is a well-known food company that offers a variety of sweets, bhujia, namkeen, snacks, ready-to-eat products and frozen food.

According to its website, the company services more than 500 products and variants and is available in over 80 countries.

It was incorporated in 2022 by combining the FMCG businesses of the Haldiram Delhi group and the Haldiram Nagpur group. The company's products are sold under the brand 'Haldiram's'.

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According to Crisil Ratings, Haldiram Snacks Food reported a revenue from operations of ₹12,977 crore in the financial year 2024-25 and a profit after tax (PAT) of ₹1,195 crore. The PAT margin was at 9.2%.

Last week, global beverage major The Coca-Cola Company's Indian bottling unit, Hindustan Coca-Cola Holdings Limited (HCCH), filed its preliminary papers with SEBI to raise funds through an IPO.

The proposed IPO will be only an offer for sale (OFS) of up to 99.75 crore shares by promoter Hindustan Coca-Cola Overseas Holdings Pte Ltd.

Since the issue is solely an OFS, the firm will not receive any proceeds from the public offer, and the entire amount will go to the selling shareholder.

The company prepares, packages, distributes and sells beverages across three categories -- hydration, sparkling and stills, including juices. As of June 2026, its portfolio comprised 41 beverages.

Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

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