Denmark’s famous beer company Carlsberg is preparing to launch IPO (Initial Public Offer) of its unit in India. According to sources, the company has confidentially submitted draft documents in this regard. The company is planning to raise about $ 700 million (about Rs 6,650 crore) through this IPO.
IPO may come by the end of this year
According to the information, this IPO will be mainly based on the sale of its stake by Carlsberg (Secondary Share Sale). If everything goes as per plan, this IPO may hit the market by the end of this year.
Big investment banks are preparing
Kotak Mahindra Capital, the Indian unit of JPMorgan Chase and the Indian unit of Citigroup are working with the company for this IPO. However, the size, structure and launch date of the IPO are not final yet and are subject to change. At present, no official comment has been made by Carlsberg on this matter.
Boom in IPO market in India
Carlsberg’s confidential application has come at a time when the IPO market in India is in full swing. In the month of June, a record number of companies have filed draft documents for IPO.
Big companies like Jio Platforms and National Stock Exchange (NSE) are also preparing to launch IPO. Last month, about 12 companies together set a target of raising more than Rs 885 billion (about $9.3 billion), which is a monthly record so far.
India’s second largest beer company
Carlsberg India is the second largest beer company in the country with about 22% market share. The company started business in India in 2007. At present it has 14 breweries (beer production units) across the country, which include 8 company-owned and 6 contract manufacturing units.
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