Upcoming IPOs: Hindustan Coca-Cola Holdings, Amber Enterprises arm IL JIN Electronics file DRHPs with SEBI

Global beverage giant The Coca-Cola Company's Indian bottling business, Hindustan Coca-Cola Holdings Ltd (HCCH), and Amber Enterprises arm IL JIN Electronics (India) Ltd have their draft red herring prospectuses (DRHPs) with SEBI to raise funds via initial public offerings.

Shares of the two companies will be listed on the National Stock Exchange (NSE) and the BSE.

Hindustan Coca-Cola Holdings IPO

The proposed IPO of Hindustan Coca-Cola Holdings (HCCH) will be exclusively an offer for sale of 99.75 crore shares by promoter Hindustan Coca-Cola Overseas Holdings.

As there is no fresh issue component, the company will not get any proceeds from the IPO. The entire amount will go to the selling shareholder.

As per the TKC Report cited in the DRHP, HCCH was the largest non-alcoholic ready-to-drink beverage firm by revenue operating exclusively in India in the financial year 2025-26. It was also the largest domestic bottler within the Coca-Cola System, based on units of concentrate sold.

It prepares, packages, distributes and sells various beverages across three categories: hydration, sparkling and stills, including juices. As of June 2026, its portfolio consisted of 41 beverages.

The firm manufactures and sells beverages, including Coca-Cola, Sprite, Thumbs Up, Minute Maid, SmartWater, Kinley, Maaza, Limca and Fanta, among others.

Kotak Mahindra Capital Company, JP Morgan India, Morgan Stanley India Company, Citigroup Global Markets India, Axis Capital, IIFL Capital Services and Goldman Sachs (India) Securities are the issue's book-running lead managers. KFin Technologies serves as the registrar.

IL JIN Electronics IPO

The proposed initial share sale of IL JIN Electronics is exclusively a fresh issuance of equity shares, with no OFS component.

The company intends to use the proceeds to clear debt availed by the firm and its subsidiaries, Ascent Circuits and Shogini Technoarts.

The money will also be used to buy plant, machinery and equipment for its production units and general corporate purposes.

IL JIN Electronics Ltd is a vertically integrated, technology-driven electronics design and manufacturing firm operating across four business verticals -- bare printed circuit board (PCB) manufacturing, electronics manufacturing services (EMS), power electronics and industrial automation.

It is a subsidiary of Amber Enterprises, a key player in India's room air-conditioner original equipment manufacturer and original design manufacturer industry.

IL JIN Electronics runs 11 manufacturing plants, including 10 in India and one in Israel.