Parle Products is preparing to take its nearly century-old business to the stock market with an initial public offering (IPO) that could raise more than $1 billion. The proposed issue is expected to value the company at over $10.5 billion (around ₹1 lakh crore), making it one of the biggest IPOs by an Indian FMCG company.
The company has appointed Kotak Mahindra Capital, Axis Capital and HSBC Securities to manage the proposed public issue. It is also looking to add another investment bank to the advisory team as it moves ahead with the listing process. The IPO is still in the early stages, and its final size and timeline will depend on market conditions.
Parle Products has not officially confirmed its listing plans. The company has said it remains focused on growing its business and continues to evaluate opportunities that can support its long-term expansion.
For FY25, Parle Products reported operational revenue of ₹15,568.49 crore, up 8.5% from the previous year. Net profit, however, declined 39% to ₹979.53 crore.
Founded in 1929, Parle Products is one of India’s best-known food companies. Its portfolio includes household brands such as Parle-G, Monaco, KrackJack, Hide & Seek, Melody and Mango Bite. Over the years, it has also expanded into categories such as cakes, rusk, atta and breakfast cereals.
The company has built a strong presence beyond India, exporting its products to several countries while operating manufacturing facilities across Africa, Asia and North America.
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