Haldiram Snacks Food, one of India’s well-known packaged food companies, has reportedly started preparations for its initial public offering (IPO). According to reports, the company is considering entering the stock market in 2027, with a potential valuation of around Rs 1 lakh crore.
The proposed IPO may include both a fresh issue of shares and an offer for sale (OFS) by existing promoters. The Agarwal family, which founded and controls the business, is expected to retain approximately 80–85 per cent ownership in the company.
According to a report by The Economic Times, the formal listing preparation has started with the involvement of the Project Management Office (PMO) process team. An executive familiar with the development said the company’s complex business structure could make the preparation process take six to 12 months or even longer.
Haldiram IPO 2027: Company Begins Listing Preparations
Haldiram Snacks Food is reportedly working towards completing the necessary preparations for its proposed stock market debut.
The company has a diversified business structure, which means several internal processes may need to be completed before the IPO can move forward. The listing process is therefore expected to take considerable time.
The proposed valuation of Rs 1 lakh crore makes the potential public offering an important development for India’s packaged food industry.
The IPO is expected to involve two components: the issuance of fresh shares to raise additional capital and the sale of some existing shares by promoters.
Major Global Investors Invested in Haldiram in 2025
Haldiram attracted considerable attention from international investors in 2025, as India’s packaged snacks market continued to expand.
Among the prominent investors associated with the company are Singapore-based Temasek, International Holding Company (IHC), Alpha Wave Global and US-based L Catterton.
During March and April 2025, Temasek, Alpha Wave Global and UAE-based International Holding Company acquired a combined 15 per cent equity stake in Haldiram Snacks Food. At that time, the company was valued at approximately $10 billion, while the Agarwal promoter family retained an 85 per cent stake.
US investment firm L Catterton also reportedly made a significant investment towards the end of 2025.
Growing demand for packaged snacks in India and among non-resident Indians in the United States and West Asia has attracted investor interest in the sector.
Haldiram Snacks and Haldiram Foods International Merged
Haldiram Snacks Food was established following the merger of two businesses: Haldiram Snacks, headquartered in Delhi, and Haldiram Foods International, based in Nagpur.
The merger brought the two businesses under a combined corporate structure. This consolidation also forms part of the company’s broader business operations ahead of its proposed public listing.
The Agarwal family continues to hold a significant ownership position in the merged company.
Haldiram Expects Double-Digit Revenue Growth
The company’s financial performance has also attracted attention ahead of its proposed IPO.
According to a report by CRISIL Ratings, Haldiram Snacks Food is expected to maintain double-digit revenue growth over the medium term. The anticipated growth is linked to an expanding distribution network, rising exports and continued product innovation across different categories.
CRISIL also indicated that the company’s operating margins are expected to remain stable, supported by cost management and improved operating leverage.
During the first half of FY26, Haldiram Snacks Food recorded revenue of Rs 7,762 crore. Its operating margin during the period was close to 19 per cent.
With preparations for a potential 2027 IPO underway, investors will be watching the company’s financial performance, listing plans and final valuation in the coming months.
Disclaimer: This article is intended for general informational and educational purposes only. The proposed IPO timeline, valuation, ownership details and financial information are based on the reports and information available at the time of writing. These details may change as the company progresses with its listing preparations. This article does not constitute investment advice or a recommendation to buy or sell shares. Investors should review official IPO documents and consult a qualified financial adviser before making investment decisions.