Haldiram Snacks IPO: Haldiram Snacks Food, which has been in the news for attracting significant investor interest from around the world, has formally
begun preparations for an IPO, according to reports. The public issue is likely to hit the market in 2027. The company valuation could be pegged at Rs 1 lakh crore. The issue could involve both a fresh issue of shares as well as a sale of shares by the existing promoters. The founder-promoter Agarwal family is likely to have around between 80-85% stake in the company.
“The process for the public listing has begun formally with the PMO (project management office) process team. Given the diversified and complex structure of the business, the process is likely to take anywhere from six to 12 months, or more,” an executive was quoted in a report of The Economic Times as saying.
Private investments in 2025
Haldiram Snacks Food attracted big private investments in 2025 with prominent investors being attracted by India’s snacking revolution. Agencies such as Temasek, International Holding Company, Alpha Wave Global and L Catterton. US investor L Catterton reportedly made big investments late last year. Packaged snacks in India is growing as a fast pace both in the domestic market as well as among NRIs in the US and West Asia.
Haldiram Snacks Food was formed following a merger of Haldiram Snacks (which was headquartered in Delhi) and Haldiram Foods International (headquartered in Nagpur).
Singapore’s Temasek, Alpha Wave Global, and UAE-based International Holding Company picked up 15% equity stake in the company in March-April 2025. The company was then valued at $10 billion. The founder-promoter Agarwal family had 85% stake at that time.
Double-digit revenue growth expected
“Double-digit revenue growth is expected to sustain over the medium term driven by expanding distribution network, increasing exports and product innovation across categories. Operating margins are expected to sustain driven by cost management and operating leverage,” Crisil Ratings mentioned in a report on Haldiram Snacks Food. The company registered a revenue of Rs 7,762 crore in H1 of FY26. The report said operating margin was close to 19%.
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