Haldiram IPO in making: Namkeen to D-Street, snack giant eyes stock market debut - Check listing timeline, valuation
Haldiram IPO in the making: Home-grown snack maker Haldiram Snacks Food has reportedly begun preparations for its proposed initial public offering (IPO). The preparations for its D-Street debut come more than a year after the merger of Delhi-based Haldiram Snacks and Nagpur-based Haldiram Foods International, which led to the formation of Haldiram Snacks Food.
Haldiram Snacks has already started the IPO process and appointed EY to manage it, as per the Economic Times. For investors who closely track the primary market, here are all the details about the Haldiram IPO, from its listing timeline to expected valuation.
Haldiram IPO listing timeline
The IPO of Haldiram Snacks Food has begun, with EY appointed to manage it. Haldiram IPO is expected to list on exchanges in 2027, according to an Economic Times report. Livemint couldn’t independently verify the development.
The IPO process is likely to take 6 to 12 months to complete. However, there is no official information available related to the Haldiram IPO listing timeline. Haldiram's IPO project management office (PMO) team had been set up to oversee compliance and coordination across different business functions, ET reported, citing sources.
Haldiram IPO expected valuations
The proposed Haldiram IPO could be worth around ₹10,000 crore, with the company targeting a valuation of more than ₹1 trillion, as per an ET report. The picture around Haldiram Snacks Food IPO will become clear after the snack giant files a Draft Red Herring Prospectus (DRHP) with SEBI, which will include all issue size, timeline, and valuation-related details.
Haldiram IPO: OFS or fresh issue?
Haldiram’s IPO will reportedly be a combination of offer for sale (OFS) by existing shareholders and fresh issue of shares. However, the details related to the IPO will be finalised after the DRHP is filed.
Upcoming IPOs
Apart from Haldiram Snacks Food, Zepto, Razorpay, Cardekho, Curefoods, VLCC, PharmEasy, Flipkart, PhonePe, Oyo, etc. are also planning to bring their issue to Dalal Street. After listing, Haldiram Snack Food will be in direct competition with other listed players such as Bikaji Foods International Ltd and Prataap Snacks Ltd.