Haldiram Snacks Food begins IPO prep, appoints EY
In short
Haldiram Snacks Food has started preparing for an IPO and has appointed EY to handle the process. The plan could include both a fresh share issue and an offer for sale, with the offering potentially raising about ₹10,000 crore.
If it goes ahead, the IPO would bring the snack maker closer to a stock market debut.
What the reporting says
Haldiram Snacks Food has reportedly begun preparing for an IPO and appointed EY to manage the process. The offering could combine a fresh share issue with an offer for sale, and may raise about ₹10,000 crore, according to a publisher-supplied market summary. The move points to a planned stock market debut for the snack maker.
Why it matters
Haldiram Snacks Food has reportedly started work on an IPO and appointed EY to manage the process, with the issue possibly structured as a mix of fresh shares and an offer for sale. The offering could raise about ₹10,000 crore. The planned deal is relevant for IPO markets and for investors watching large consumer businesses come to the market.