Haldiram Snacks Food Plans ₹10,000 Crore IPO in Late 2027

Haldiram Snack Foods has officially begun its IPO process, planning to launch its ₹10,000 crore (close to $1 billion) IPO in late 2027 with an expected valuation of more than ₹1 lakh crore. 

As per the sources, Haldiram has appointed EY (Ernst & Young) to handle the project management office (PMO), oversee compliance requirements, and coordinate across its business functions. 

The company’s executive said that the IPO planning has officially started with the PMO (project management office) process team. Since Haldiram has a large and complex business structure, the preparation of the IPO launch may take around 6 to 12 months or more.

The IPO may include both an Offer for sale and a fresh issue component. However, the chief executive of Haldiram Snacks Food, KK Chutani, and EY haven’t commented on the email regarding IPO planning. 

India’s consumer sector is set to offer another mega IPO next year, with Coca-Cola India also preparing to launch its bottling business, Hindustan Coca-Cola Holdings IPO, valued at $1 billion. The beverage maker submitted its Draft papers to market regulator SEBI last week. 

International marquee investors like Temasek, International Holding Company, Alpha Wave Global, and L Catterton invested in December 2025, while Singapore-based Temasek, Alpha Wave Global, and UAE-based International Holding Company bought stakes in the company in March-April 2025, as they believe that the packaged snacks market has high growth opportunities and they are aiming to expand Haldiram's presence across international markets in the US and the Middle East.

Furthermore, the 3 large global investors hold a 15% stake in Haldiram Snack Foods, valuing the company at $10 billion (at the time ₹85,000 crore). The founder-promoter Agarwal family holds an 85% stake at the time. L Catterton invested later, but its exact shareholding percentage is not available. 

As per the Crisil Ratings report, in H1 FY26, Haldiram Snack Foods reported revenue of ₹7,762 crore, with an operating margin close to 19%. Crisil Ratings expects the company’s revenue to grow by 9 to 10% in FY26 despite facing challenges related to business consolidation and lower exports due to US tariffs. 

As of now, the company is targeting its IPO listing in late 2027. The IPO price and valuation may change as preparations come along. But with EY managing the IPO process, a dedicated team, and the involvement of global investors, Haldiram is preparing for its stock market entry. 

Haldiram Snack Foods has spent years establishing its presence on India’s Shelves. Its next step is to take its business to the stock market and open one more chapter in its growth journey.