Haldiram Snacks Pvt. Ltd. is not currently undergoing an IPO. However, recent reports suggest that the company is considering an IPO after plans to sell the company to foreign investors stalled over valuation issues.
Haldiram’s is exploring an IPO as an alternative to selling the company to foreign investors. The Agarwal family, the owners of Haldiram’s, are seeking a valuation of around $12 billion for the company.
Haldiram’s received bids from a Blackstone Inc.-led consortium and a Bain & Co.-led consortium, but these bids did not meet the family’s valuation expectations.
The IPO plan is still in the preliminary stages, and no final decisions have been made.
Additional Information:
Haldiram’s Business: Haldiram’s is one of the largest food companies in India, with a wide range of products, including namkeens, sweets, sherbets, papad, biscuits, frozen foods, ready-to-eat foods, and dairy products. The company also has a chain of restaurants.
Media Reports: Several media outlets have reported on Haldiram’s potential IPO, including Business Standard, Mint, and Hindustan Times.
Disclaimer: This information is based on current news reports and is subject to change. There is no surety that Haldiram will go for IPO.