Coca-Cola IPO
Coca-Cola Company is thinking of taking its Indian bottling unit public, from which it can get about 1 billion dollars. The company has recently held a meeting with bankers to discuss the possible IPO of Hindustan Coca-Cola Beverages Private Limited. The valuation of the company could be around $10 billion.
According to Moneycontrol report, the process is still in the initial stage and the company has not yet appointed bankers. According to a source, if the deal goes ahead, it may happen next year. Discussions are still ongoing, so details like timeline, structure and offer size are subject to change. A Coca-Cola spokesperson did not respond to a request for comment. This deal will bring one of the world’s top brands into India’s hot IPO market, which is set for a record month and could turn out to be the best year in 2025. Along with Coca-Cola, 2026 is also looking like a super year with the offerings like Mukesh Ambani’s Reliance Jio.
Coca-Cola will join the growing trend of global companies listing their Indian subsidiaries. Like LG Electronics’ IPO of $1.3 billion this month and Hyundai Motor’s record IPO of $3.3 billion last year. Although India is one of Coca-Cola’s biggest markets, competition there has increased in recent years. Especially from Ambani’s Campa Cola, which is rapidly gaining market share by selling a 200ml bottle for Rs 10. Coca-Cola’s Indian Bottling Company serves more than 20 lakh retailers and according to its website, it has more than 5,200 employees.
Company details
Based in Bengaluru, this company runs 14 manufacturing plants in 12 states and 236 districts of South and West India. The Atlanta-based beverage giant has recently sold a minority stake in the Indian bottler’s immediate parent company Hindustan Coca-Cola Holdings Pvt Ltd to local diversified group Jubilant Bhartia Group.