The Coca-Cola Company has announced it is exploring a public listing of Hindustan Coca-Cola Holdings, its largest bottling partner in India. The beverage giant plans to list the bottler on India’s BSE and National Stock Exchange (NSE) in 2027, and is considering selling a portion of its stake. Coca-Cola currently holds a 60% stake in Hindustan Coca-Cola Holdings after Indian conglomerate Jubilant Bhartia Group acquired a 40% share in 2025. The IPO is expected to raise approximately $1 billion (around ₹9,000 crore) and could give the bottler a valuation of about $10 billion. This would make it one of India’s biggest consumer-sector listings.
The company has appointed major investment banks including Citibank, Kotak, and HDFC Group to manage the IPO process. Hindustan Coca-Cola Beverages, the parent company’s bottling arm, handles popular brands like Thums Up, Sprite, Maaza, and Coca-Cola in India.
The IPO includes both a fresh issue of shares and an offer-for-sale (OFS) from existing shareholders, with the OFS portion expected to be around ₹8,500 crore. Funds from the fresh issue will support capital expenditure, potential acquisitions, and general corporate purposes.
While the listing is targeted for 2027, Coca-Cola noted that adverse weather or weak market sentiment could delay the IPO further. The move strengthens Coca-Cola’s strategy to deepen its presence in India, one of its fastest-growing markets.
FAQs [Frequently Asked Questions]
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What is the IPO size?
Coca-Cola plans an IPO raising about $1 billion (₹9,000 crore), with one of the largest OFS portions around ₹8,500 crore from existing shareholders. -
When will Hindustan Coca-Cola list?
The bottler is targeted to list on BSE and NSE in 2027, though weather or market conditions could delay the IPO to later. -
Who owns Hindustan Coca-Cola Holdings?
Coca-Cola holds 60%, while Jubilant Bhartia Group owns 40% after completing its stake purchase in 2025.