Coca-Cola is considering an Initial Public Offering (IPO) of its India business, says a Bloomberg report. As per the report, the company is looking to raise approximately $1 billion in its India IPO.
The report states that Coca-Cola is seeking to value Hindustan Coca-Cola Beverages at approximately $10 billion. The company has met with bankers in recent weeks to discuss the possible IPO. The discussions are still in the early phase, and the company has not yet hired bankers for the deal.
Coca-Cola India IPO timing
Bloomberg reports that the IPO is likely to occur next year, if it proceeds. The company is still deliberating on timing, structure, and size of the offering.
Coca-Cola’s IPO will bring one of the world’s best-known brands to India’s hot IPO market, which is on track for a record month and possibly has its best year ever in 2025.
Challenges and opportunities
If the company proceeds with the IPO, it would join the rising trend of global companies listing their Indian business. Recently, LG Electronics launched a $1.3 billion IPO for its India unit, and Hyundai Motor recorded a massive $3.3 billion India listing last year.
Although India is one of Coca-Cola’s largest markets, it has been facing increased competition there in recent years, especially from Ambani’s Campa Cola, which is quickly gaining market share with 200-millilitre bottles priced as low as 10 rupees.
Recently, Coca-Cola Global sold a minority stake in Hindustan Coca-Cola to Jubilant Bhartia Group.
