Haldiram’s Snacks Food IPO is the proposed public issue of Haldiram Snacks Food Private Limited, the consolidated packaged-food business formed from the FMCG operations of the Haldiram’s Delhi and Nagpur businesses. The company operates under the Haldiram’s brand and manufactures and distributes packaged snacks, sweets, ready-to-eat foods, beverages, bakery products and other food products.
Haldiram Snacks Food was formed through the combination of the FMCG businesses of Haldiram Snacks Private Limited and Haldiram Foods International Private Limited. The Delhi and Nagpur businesses hold 56% and 44% respectively in the combined entity following the restructuring.
The company has not yet filed its Draft Red Herring Prospectus with SEBI. Therefore, the final IPO size, price band, lot size, bidding dates, reservation structure, registrar, lead managers and objects of the issue have not been officially disclosed. Current market reports have discussed a potential Haldiram’s IPO and private-market valuation of around $10 billion, but these should not be treated as confirmed IPO terms.
Haldiram’s traces its origins to Bikaner in 1937 and has grown into a global packaged-food brand. The company’s official website states that its products span namkeen and snacks, sweets, ready-to-eat meals, frozen foods, bakery products and beverages, while its international business reaches more than 80 countries.
Table of Contents
Haldiram’s Snacks Food IPO Details
| Information | Details |
|---|---|
| IPO Name | Haldiram’s Snacks Food IPO |
| Company Name | Haldiram Snacks Food Private Limited |
| IPO Type | Book Built Issue |
| IPO Category | Mainboard IPO |
| Face Value | ₹10 Per Equity Share* |
| Price Band | |
| Issue Size | To be announced |
| Fresh Issue | To be announced |
| Offer for Sale | To be announced |
| IPO Open Date | |
| IPO Close Date | |
| Anchor Investor Bidding | |
| Basis of Allotment | |
| Refund Initiation | |
| Shares Credited to Demat Account | |
| Listing Date | |
| Listing Exchange | BSE & NSE |
| Lot Size | |
| Registrar | To be announced |
| Book Running Lead Managers | To be announced |
*The final face value and IPO structure should be confirmed from the company’s DRHP/RHP after filing. Haldiram Snacks Food is currently an unlisted private company and has not yet disclosed final IPO terms.
Haldiram’s Snacks Food IPO Dates
| IPO Event | Date |
|---|---|
| Anchor Investor Bidding | |
| IPO Opening Date | |
| IPO Closing Date | |
| Basis of Allotment | |
| Refund Initiation | |
| Shares Credited to Demat Account | |
| Listing Date |
The IPO bidding schedule has not yet been announced. Public reports have discussed a possible Haldiram’s public listing, but the company has not filed its DRHP with SEBI as of the latest available information.
Haldiram’s Snacks Food IPO Reservation
| Investor Category | Reservation |
|---|---|
| Qualified Institutional Buyers (QIB) | To be updated |
| Non-Institutional Investors (NII) | To be updated |
| Retail Individual Investors (RII) | To be updated |
| Employee Category | To be updated |
The final reservation structure will be disclosed in the company’s IPO documents. No confirmed QIB, NII, retail or employee reservation percentages are currently available.
Haldiram’s Snacks Food IPO Lot Size
| Application | Shares | Amount |
|---|---|---|
| Retail Minimum | ||
| Retail Maximum | ||
| S-HNI Minimum | ||
| S-HNI Maximum | ||
| B-HNI Minimum |
The minimum bid lot and application amount have not yet been announced. These details will be updated after the company files its IPO documents and announces the price band.
About Haldiram Snacks Food Private Limited
Haldiram Snacks Food Private Limited is the consolidated FMCG business of the Haldiram’s group. The company was formed by combining the packaged-food businesses associated with the Delhi and Nagpur Haldiram groups.
The business traces its heritage to 1937, when Haldiram’s began as a small namkeen shop in Bikaner. Over the decades, the brand expanded from traditional namkeen into sweets, packaged snacks, ready-to-eat foods, frozen products, beverages, bakery products and other food categories.
The company has developed a large packaged-food portfolio serving Indian consumers as well as international markets. Haldiram’s official international business platform states that the company exports its products to more than 80 countries and offers more than 500 export products across nine product categories.
Haldiram Snacks Food started operations as the consolidated entity in FY2025. CRISIL reported revenue of ₹12,977 crore and profit after tax of ₹1,195 crore for the year ended March 31, 2025.
Business Operations
Haldiram Snacks Food operates across several packaged-food categories and has a broad product portfolio.
- Traditional Snacks – Traditional Indian snacks and namkeen products remain a core part of the company’s portfolio. Products include bhujia, dal-based snacks, mixtures, sev and other regional snack varieties.
- Western Snacks – The company has expanded beyond traditional namkeen into western-style packaged snacks and other convenience-food products, helping diversify its product portfolio.
- Sweets – Haldiram’s manufactures and sells a broad range of Indian sweets, serving both everyday consumption and festive occasions.
- Ready-to-Eat Foods – The company offers ready-to-eat products designed for consumers seeking convenient Indian meals and food products with longer shelf lives.
- Frozen Foods – Frozen products form another part of the company’s packaged-food portfolio and provide consumers with convenient food options.
- Beverages – Haldiram’s also operates in beverages and non-carbonated ready-to-drink categories as part of its broader FMCG portfolio.
- Bakery Products – The company’s product range includes bakery products and other packaged food items, allowing it to participate in multiple food-consumption occasions.
- International Business – Haldiram’s has developed a significant export business and serves customers across more than 80 countries. Its international range includes traditional snacks, western snacks, sweets, ready-to-eat foods, frozen foods, ready-to-cook products, beverages, bakery products and noodles.
Industry Overview
India’s packaged-food and snacks industry is supported by increasing urbanisation, changing consumer preferences, rising disposable incomes, convenience-led consumption and the expansion of modern retail and e-commerce.
Packaged snacks have become an important part of India’s FMCG market, with consumers increasingly seeking convenient products for everyday consumption, travel, social occasions and festivals.
The organised packaged-food industry is also benefiting from improved distribution networks, modern manufacturing, food-safety standards and increased availability of products through supermarkets, quick-commerce platforms, e-commerce websites and traditional retail stores.
The Indian snacks market remains competitive, with large FMCG companies, regional manufacturers and specialist snack brands competing across traditional namkeen, western snacks, sweets and other packaged-food categories.
Business Strategy
Haldiram Snacks Food focuses on combining its established Indian food heritage with modern manufacturing, research and development, product innovation and a broader distribution network.
The company aims to maintain its strength in traditional Indian snacks while expanding western snacks, ready-to-eat foods, beverages, bakery products and other categories.
Haldiram’s official website highlights investments in modern manufacturing, in-house research and development, quality laboratories and automated processes. The company also continues to expand its international distribution network and currently serves more than 80 countries.
The company also has opportunities to increase its presence in international markets, strengthen modern retail and digital distribution, introduce new products and expand consumption occasions across its existing customer base.
Haldiram’s Snacks Food IPO Financial Information
A company’s financial performance provides valuable insights into revenue growth, profitability, operating efficiency and financial stability. Haldiram Snacks Food began operations as the consolidated FMCG entity in FY2025, meaning comparable historical financial information for the combined entity is limited.
Haldiram’s Snacks Food Financial Summary
| Particulars | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue from Operations | ₹12,977 Crore | ||
| Total Income | |||
| EBITDA | |||
| Profit Before Tax (PBT) | |||
| Profit After Tax (PAT) | ₹1,195 Crore | ||
| Net Worth | |||
| Total Borrowings |
CRISIL’s January 2026 rating rationale reported FY2025 revenue of ₹12,977 crore and PAT of ₹1,195 crore for Haldiram Snacks Food. The company had no FY2024 comparative figures as the consolidated entity started operations in FY2025.
Public research on the combined business also indicates that net sales increased substantially over the longer period when the predecessor businesses are considered together, although those historical figures should not be treated as consolidated Haldiram Snacks Food financial statements for IPO purposes.
Haldiram’s Snacks Food IPO Key Performance Indicators (KPIs)
Key Performance Indicators help investors assess profitability, operating efficiency, financial strength and capital utilisation.
| KPI | Value |
|---|---|
| Return on Equity (ROE) | To be updated |
| Return on Capital Employed (ROCE) | To be updated |
| Return on Net Worth (RONW) | To be updated |
| EBITDA Margin | To be updated |
| PAT Margin | 9.2% |
| Debt-to-Equity Ratio | To be updated |
| Earnings Per Share (EPS) | To be updated |
| Net Asset Value (NAV) Per Share | To be updated |
| Price to Earnings (P/E) |
CRISIL reported a PAT margin of 9.2% and adjusted debt/net worth of 0.12 times for FY2025. The final IPO KPIs, EPS, NAV and valuation multiples will need to be calculated from the financial statements and price band disclosed in the company’s offer documents.
Objects of the Haldiram’s Snacks Food IPO
The company has not yet disclosed the final objects of the proposed IPO in a DRHP.
The use of proceeds from any fresh issue will be disclosed in the company’s IPO documents once filed. If the IPO includes an Offer for Sale, the proceeds from the OFS would generally be received by the respective selling shareholders rather than the company.
The final issue structure, including the amount of fresh issue and OFS, should therefore be considered subject to confirmation through the DRHP and RHP.
Haldiram’s Snacks Food IPO Listing Performance
The listing performance will reflect how Haldiram Snacks Food shares perform after the proposed IPO listing.
| Particular | Value |
|---|---|
| Listing Exchange | BSE & NSE |
| Listing Date | |
| Issue Price | |
| Listing Price | To be updated |
| Listing Gain | To be updated |
| Listing Gain (%) | To be updated |
The listing date, issue price and listing price are not available because the company has not yet launched its public issue.
Haldiram’s Snacks Food IPO Subscription Status
The subscription figures indicate the level of investor participation received during the IPO bidding period.
Haldiram’s Snacks Food IPO Subscription
| Investor Category | Subscription |
|---|---|
| Qualified Institutional Buyers (QIB) | To be updated |
| Non-Institutional Investors (NII) | To be updated |
| Retail Individual Investors (RII) | To be updated |
| Employee Category | To be updated |
| Total Subscription | To be updated |
The subscription figures will be available after the IPO opens for bidding.
Haldiram’s Snacks Food IPO Review
Haldiram Snacks Food operates one of India’s best-known packaged-food businesses, with a long-established brand, extensive product portfolio and presence across domestic and international markets. The company has evolved from a traditional namkeen business into a diversified FMCG operation covering snacks, sweets, ready-to-eat foods, frozen foods, beverages and bakery products.
The consolidated business reported ₹12,977 crore of revenue and ₹1,195 crore of PAT in FY2025, according to CRISIL. The reported PAT margin was 9.2%, while adjusted debt to net worth stood at 0.12 times. These figures provide an initial view of the financial profile of the consolidated entity, although the company did not have comparable FY2024 financials because Haldiram Snacks Food began operations as the combined entity in FY2025.
Haldiram’s also has substantial international exposure. Its official website states that its products are available across more than 80 countries and that its export portfolio includes more than 500 products. This international distribution provides the company with exposure to overseas demand for Indian snacks and packaged foods.
However, investors should wait for the company’s DRHP before assessing the IPO valuation and final issue structure. Important factors will include the price band, IPO size, fresh issue and OFS mix, promoter holdings, financial statements, use of proceeds, related-party transactions, competitive environment, raw-material costs and the company’s ability to sustain growth and margins.
Haldiram’s Snacks Food IPO Strengths
- One of India’s most established packaged-food and snacks brands.
- Heritage dating back to 1937.
- Diversified product portfolio covering traditional snacks, western snacks, sweets, ready-to-eat foods, frozen foods, beverages and bakery products.
- Strong domestic brand recognition and distribution network.
- International presence across more than 80 countries.
- More than 500 products available in the company’s international export portfolio.
- FY2025 revenue of ₹12,977 crore and PAT of ₹1,195 crore reported by CRISIL.
- Low adjusted debt-to-net-worth ratio of 0.12 times reported for FY2025.
Haldiram’s Snacks Food IPO Risk Factors
- The packaged-food industry is highly competitive.
- Raw-material prices can affect manufacturing costs and operating margins.
- The company is exposed to changing consumer preferences and food-consumption trends.
- Food businesses are subject to food-safety, quality and regulatory requirements.
- The company operates across multiple product categories, creating operational complexity.
- International operations expose the business to foreign-market, currency and regulatory risks.
- Brand reputation and product quality are important to maintaining customer demand.
- The consolidated entity has limited comparable historical financial information because it began operations in FY2025.
- The final IPO valuation could materially affect the attractiveness of the issue.
- The company faces competition from established FMCG companies and regional snack manufacturers.
Haldiram’s Snacks Food IPO Promoters
Haldiram Snacks Food was formed through the consolidation of the FMCG businesses associated with the Haldiram’s Delhi and Nagpur groups.
Following the restructuring, the Delhi and Nagpur businesses hold approximately 56% and 44% respectively in the combined entity. The group has historically been controlled and managed by members of the Agarwal family.
The final promoter classification and promoter shareholding immediately before and after the IPO will be disclosed in the company’s DRHP and RHP.
Haldiram’s Snacks Food IPO Promoters Details
| Promoter / Promoter Group | Holding / Details |
|---|---|
| Haldiram Delhi Group | Approximately 56% |
| Haldiram Nagpur Group | Approximately 44% |
The exact names, shareholding and promoter-group classification should be confirmed from the final IPO documents.
Haldiram’s Snacks Food IPO Management Team
The company is managed by experienced professionals and members associated with the Haldiram’s promoter families.
Management Team
| Name | Designation |
|---|---|
| Manohar Lal Agarwal | Promoter / Group Management |
| Anand Agarwal | Director |
| Other Group Management Members | To be updated |
The complete management team and statutory-designation details should be updated from the DRHP/RHP once the IPO documents are filed. CRISIL identifies Manohar Lal Agarwal and Anand Agarwal among the company’s directors.
Haldiram’s Snacks Food IPO Registrar Details
The registrar is responsible for processing IPO applications, finalising the basis of allotment, crediting shares to successful applicants, initiating refunds and handling investor-related services.
| Particular | Details |
|---|---|
| Registrar Name | To be announced |
| Website | To be announced |
| IPO Allotment Status | To be updated |
| Email ID | To be announced |
| Contact Number | To be announced |
The registrar for the proposed IPO has not yet been officially announced.
Haldiram’s Snacks Food IPO Lead Manager Details
The Book Running Lead Managers will be responsible for managing the IPO process, coordinating regulatory requirements and assisting the company throughout the public issue.
| Particular | Details |
|---|---|
| Lead Managers | To be announced |
No final Book Running Lead Manager list has been disclosed because the company has not yet filed its DRHP.
Haldiram Snacks Food Private Limited Contact Details
| Particular | Details |
|---|---|
| Company Name | Haldiram Snacks Food Private Limited |
| Corporate Office | C-31, Sector 62, Noida, Uttar Pradesh – 201301 |
| Registered Office | 145, Old Pardi Naka, Bhandara Road, Nagpur – 440035 |
| Website | www.haldiram.com |
| Email ID | [email protected] |
| Contact Number | 0120-2400286 |
Haldiram’s official website currently lists Haldiram Snacks Food Pvt Ltd at C-31, Sector 62, Noida as its corporate office and 145, Old Pardi Naka, Bhandara Road, Nagpur as its registered office. Customer care is listed as 0120-2400286 and [email protected].
How to Check Haldiram’s Snacks Food IPO Allotment Status
Investors can check the IPO allotment status after the basis of allotment is finalised through the registrar’s website or the relevant stock exchange IPO portal.
Through IPO Registrar
- Visit the official IPO registrar website after the allotment is announced.
- Select Haldiram’s Snacks Food IPO from the IPO list.
- Choose PAN Number, Application Number, or DP/Client ID.
- Enter the required details.
- Click Submit to view the allotment status.
Through BSE
- Visit the official BSE IPO allotment page.
- Select Haldiram’s Snacks Food IPO from the list of IPOs.
- Enter your PAN Number or Application Number.
- Complete the verification process if required.
- Click Search to view the allotment result.
Haldiram’s Snacks Food IPO Conclusion
Haldiram’s Snacks Food IPO is the proposed public issue of Haldiram Snacks Food Private Limited, the consolidated FMCG business of the Haldiram’s Delhi and Nagpur operations. The company combines a long-established Indian food brand with a diversified portfolio covering snacks, sweets, ready-to-eat foods, frozen foods, beverages and bakery products.
The consolidated company reported ₹12,977 crore of revenue and ₹1,195 crore of PAT in FY2025, with a reported PAT margin of 9.2%. The company also had adjusted debt to net worth of 0.12 times according to CRISIL’s January 2026 rating rationale.
Haldiram’s international presence is another important part of the business, with the company’s official website stating that its products reach more than 80 countries and its export catalogue contains more than 500 products.
However, the IPO is currently at the pre-DRHP stage. Investors should therefore wait for the official offer documents before assessing the final price band, issue size, valuation, promoter shareholding, IPO objects, reservation structure and other important terms.
A detailed assessment of the Haldiram’s Snacks Food IPO will depend on the final valuation, financial disclosures, issue structure, business growth, margins, competitive environment and future expansion strategy.
Haldiram’s Snacks Food IPO FAQs
What is Haldiram’s Snacks Food IPO?
Haldiram’s Snacks Food IPO is the proposed public issue of Haldiram Snacks Food Private Limited, the consolidated FMCG business operating under the Haldiram’s brand.
What is the price band of Haldiram’s Snacks Food IPO?
The price band has not yet been announced.
What is the issue size of Haldiram’s Snacks Food IPO?
The final IPO issue size has not yet been announced. Public reports have discussed a potential Haldiram’s IPO, but the company has not yet filed its DRHP with SEBI.
When will the Haldiram’s Snacks Food IPO open?
The IPO opening date has not yet been announced.
When will the Haldiram’s Snacks Food IPO close?
The IPO closing date has not yet been announced.
On which stock exchanges will Haldiram’s Snacks Food shares be listed?
The proposed listing exchanges have not yet been officially confirmed in IPO documents. BSE and NSE are expected to be considered for a Mainboard listing, subject to regulatory and exchange approvals.
Who is the registrar for the Haldiram’s Snacks Food IPO?
The IPO registrar has not yet been officially announced.
What is the face value of Haldiram’s Snacks Food IPO shares?
The final face value should be confirmed from the DRHP/RHP after the company files its IPO documents.
What does Haldiram Snacks Food do?
Haldiram Snacks Food manufactures and distributes packaged food products including traditional snacks, western snacks, sweets, ready-to-eat foods, frozen foods, beverages and bakery products. Its international business serves more than 80 countries.
What are the objects of the Haldiram’s Snacks Food IPO?
The objects of the IPO have not yet been officially disclosed. The final use of proceeds will be provided in the company’s DRHP and subsequent IPO documents.
