These banks help companies prepare and launch an IPO. Further, the company has a major aim behind this IPO, which is growing their business, but there is no finalisation regarding the IPO. As per the sources, they have listened to various times from the advisors regarding IPO, and are also planning for this, but nothing has been done as of now.
The investment banks include:
- Kotak Mahindra Bank,
- JM Financial, and
- Axis Bank.
As per the sources, the company will not receive any shares (New issue), and the existing shareholders will get money from the IPO.
The bank will soon present the IPO management. That might be in mid-May, but for the present, everything is on the discussion.
About the Company
Parle Products is one of India’s largest companies that is still not listed on the stock market. It was started in 1929 in Mumbai by the Chauhan family and is now run by the third generation of the family Vijay, Sharad, and Raj Chauhan. The company remains completely owned by the promoters.
Buistick, cookies and crackers market is valued at ₹1.16 lakh crore in 2025 and is expected to grow to around ₹1.64 lakh crore by 2030.
