Upcoming IPO: Coca-Cola plans $1 billion IPO for Indian bottling unit: report

Coca-Cola Co. is considering a public offering of its Indian bottling unit, which could generate $1 billion, according to a Bloomberg report citing its sources.

A Bloomberg report said the company recently met with bankers to discuss a potential initial public offering of Hindustan Coca-Cola Beverages Pvt., which sources said would value the unit at around $10 billion. The process is still in its early stages, and Coca-Cola has not yet engaged bankers for the deal, Bloomberg noted.

If the deal goes through, it will most likely happen next year, as mentioned in the Bloomberg report. Ongoing discussions mean that aspects such as the timing, structure and size of the offer may still be subject to change. A Coca-Cola spokesman did not respond to requests for comment, Bloomberg added.

Coca-Cola is set to join the growing trend of multinational companies listing their Indian subsidiaries, following recent examples such as LG Electronics Inc’s IPO. worth $1.3 billion this month and Hyundai Motor Co.’s record IPO. worth $3.3 billion last year.

The move would bring one of the world’s most iconic brands to India’s vibrant IPO market, which is poised for a record month and 2025 could be the best year ever. With upcoming offerings like Coca-Cola and Reliance Jio Infocomm Ltd. Mukesh Ambani, 2026 is shaping up to be another special year.

Company details

Coca-Cola’s Indian bottling partner serves more than 2 million retail outlets and employs more than 5,200 people, according to its website. The Bengaluru-headquartered company has 14 manufacturing plants across 12 states and 236 districts in south and west India.

The Atlanta-based beverage corporation recently sold a minority stake in the direct parent of its Indian bottler, Hindustan Coca-Cola Holdings Pvt., Jubilant Bhartia Group, to a locally diversified conglomerate.

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