Haldiram IPO: Keep your funds ready—you will get an opportunity to buy Haldiram shares..

Haldiram IPO: Haldiram Snacks Foods, a major player in the snacks and sweets industry, has begun preparations to enter the stock market. The company has initiated the process for its Initial Public Offering (IPO). According to media reports, Haldiram has appointed Ernst & Young (EY) to manage this process. The company plans to be listed on the stock exchange by the end of 2027, with the IPO expected to be valued at approximately ₹10,000 crore.

Reports indicate that Haldiram aims to achieve a valuation of over ₹1 lakh crore through this IPO. The company has also established a Project Management Office (PMO) team to oversee the process, ensuring coordination across various business divisions and compliance with necessary regulations. Given the scale and diverse nature of the company’s operations, the IPO preparation could take 6 to 12 months or even longer.

Includes OFS and Fresh Issue
The IPO may involve an 'Offer for Sale' (OFS), where existing shareholders sell a portion of their stakes. Additionally, the company may issue new shares; therefore, the offering is likely to consist of both an OFS and a fresh issue of shares.

Investments from Major Global Firms
Several prominent foreign investors hold stakes in Haldiram, including Singapore’s Temasek, the UAE’s International Holding Company (IHC), Alpha Wave Global, and the US-based firm L Catterton. Temasek, Alpha Wave Global, and IHC invested in the company around March–April 2025. At that time, based on these investments, Haldiram was valued at approximately $10 billion (roughly ₹85,000 crore). Together, these three investors acquired about a 15% stake in the company. Meanwhile, the promoter Agarwal family retained a stake of approximately 85 percent. Subsequently, in December 2025, L Catterton also invested in the company.

Strong Business Operations and Earnings

According to a report by CRISIL Ratings, Haldiram Snacks Food recorded a revenue of Rs 7,762 crore in the first half of the 2025-26 financial year. During this period, the company’s operating margin stood at around 19 percent. CRISIL expects the company’s earnings to continue growing at a double-digit rate, driven by factors such as the expansion of its distribution network, an increase in exports, and the launch of new products. With the company’s entry into the stock market, investors may get an opportunity to acquire a stake in one of the country’s largest snack businesses.

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