Parle Products is preparing for an initial public offering (IPO) that could raise more than $1 billion (over Rs 9,500 crore), with the company reportedly targeting a valuation of over Rs 1 lakh crore.
According to media reports, the maker of Parle-G, Monaco, KrackJack, Melody and Mango Bite is aiming to go public in 2027, although the final issue size and valuation will depend on prevailing market conditions.
The company has reportedly appointed Kotak Mahindra Capital, Axis Capital and HSBC Securities as investment bankers for the proposed offering. A fourth investment bank is expected to be added to the advisory panel.
Parle Products is India's largest biscuit manufacturer and has built a portfolio of household brands that includes Parle-G, Hide & Seek, Monaco, KrackJack, Poppins, Melody and Mango Bite. Beyond biscuits, the company also has a presence in categories such as cakes, rusks, atta and breakfast cereals.
For FY25, Parle Products reported operational revenue of Rs 15,568.49 crore, marking an 8.5% year-on-year increase. However, its profit fell 39% to Rs 979.53 crore.
The company was ranked as the seventh most valuable unlisted company in India in the 2025 Burgundy Private Hurun India 500 report, with an estimated valuation of Rs 75,420 crore.
Founded in 1929 and headquartered in Mumbai, Parle Products exports its products to markets including the US, the UK, Canada, New Zealand and the Middle East. It also has manufacturing operations in countries such as Nigeria, Kenya, Ghana, Ethiopia, Nepal and Mexico.
Parle Products operates independently of Parle Agro, the beverage company behind brands such as Frooti, Appy Fizz and Bailley, following the split of the Chauhan family businesses.
