The Haldiram IPO is in early preparation, with Haldiram Snacks Food reportedly appointing EY to manage the process and looking at a stock market listing in late 2027. The issue could be worth about Rs 10,000 crore, with the company targeting a valuation above Rs 1 lakh crore, according to reports on 12 November 2026 that cite The Economic Times.
Business Standard and Business Today both reported the plan. Neither article quotes the company directly, and the details below come from a media report rather than a formal filing.
What Do We Know About the Haldiram IPO Plan?
Haldiram Snacks Food has started groundwork for a possible listing and set up a project management office to handle compliance and coordinate work across business functions. The Delhi and Nagpur businesses have been consolidated under Haldiram Snacks Food, according to Business Today.
The IPO could combine a fresh issue of shares with an offer for sale (OFS) by existing shareholders. The split would depend on the company’s capital needs and its shareholders’ objectives. Neither article gives the size of the OFS, and the only adviser named is EY.
How Soon Could Haldiram List?
The company is exploring a debut in late 2027. An executive quoted in the reports said the internal groundwork could take six to 12 months or longer before a formal IPO process begins, so the timeline could shift.
Who Are Haldiram’s Investors?
Temasek, Alpha Wave Global and UAE-based IHC bought stakes in March-April 2025. Business Standard reports that L Catterton invested later. The 2025 deals valued the company at about $10 billion, roughly Rs 85,000 crore, which Business Standard described as the largest private equity deal in India’s consumer sector at the time.
What Do the Financials Show?
Business Standard cites Crisil Ratings for revenue of Rs 7,762 crore in the first half of FY2025-26, with an operating margin of nearly 19%. Crisil expects double-digit revenue growth over the medium term. Exports were hit by US tariffs. The articles give no more recent financial figures.
Market Reaction and Industry Response
Haldiram Snacks Food had not publicly commented on the report in the sources reviewed, and no market or analyst reaction was found at the time of writing. The company is unlisted, so there is no share price to react.
What Happens Next?
If the plan goes ahead, the next steps would be the internal groundwork and, later, a formal IPO process with regulators. The reports do not name lead managers, and any confirmation would have to come from the company.
Frequently Asked Questions
How big could the Haldiram IPO be?
Reports put it at about Rs 10,000 crore, with a targeted valuation above Rs 1 lakh crore.
When could Haldiram list on the stock exchanges?
The company is exploring a listing in late 2027, though the groundwork could take six to 12 months or longer before a formal process starts.
Who is managing the Haldiram IPO process?
EY has reportedly been appointed to manage the process. No lead managers have been named in the reports.
Source: Business Standard, 12 November 2026; Business Today, 12 November 2026 (both citing The Economic Times).
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