Home » IPO Alert: Haldiram’s Considers Funds

IPO Alert: Haldiram’s Considers Funds

This image is about upcoming IPO

Haldiram’s, an Indian snack maker, is currently exploring the possibility of raising capital through an initial public offering (IPO).

This image is about Ipo

According to a report by Bloomberg, the owners of Haldiram Snacks Pvt Ltd. are considering pursuing an initial public offering (IPO) because their efforts to sell the company to foreign investors did not succeed as anticipated.

This image is about Haldiram's Logo

The Agarwal family is thinking about making their company available for anyone to buy shares because the offers they got were not as much as they hoped for—around $8 billion to $8.5 billion instead of the $12 billion they wanted, according to people who didn’t want their names known.

In May, several major organizations, including Blackstone Inc., Abu Dhabi Investment Authority, and GIC Pte, expressed interest in acquiring Haldiram’s. Additionally, news reports indicated that another consortium, led by Bain & Co. and Temasek Holdings Pte, also showed interest in purchasing the company.

Sources suggest early IPO plans with potential price reductions by main owners. India’s IPO activity surged, raising $3.9 billion this year, double last year’s, surpassing Hong Kong and Korea combined, per Bloomberg.

Haldiram’s, founded in the 1930s in northern India by Ganga Bishan Agarwal, offers diverse food items including snacks and meals. Additionally, the company operates 43 restaurants in and around Delhi, as indicated on its official website.

Click here to learn the Understanding S&P BSE SENSEX INDEX

New Options Trading Software by Spider is here, Try GChart demo for free. Register Now

If you’d like to know how we analyze the market and provide accurate levels every day. then click on the Free Demo button below and change your trading life for good. 5X returns are possible in options trading If you have Spider Software in your trading system.

Disclaimer: The information provided in this Blog is for educational purposes only and should not be construed as financial advice. Trading in the stock market involves a significant level of risk and can result in both profits and losses. Spider Software & Team does not guarantee any specific outcome or profit from the use of the information provided in this Blog. It is the sole responsibility of the viewer to evaluate their own financial situation and to make their own decisions regarding any investments or trading strategies based on their individual financial goals, risk tolerance, and investment objectives. Spider Software & Team shall not be liable for any loss or damage, including without limitation any indirect, special, incidental or consequential loss or damage, arising from or in connection with the use of this blog or any information contained herein.

Leave a Reply

Your email address will not be published. Required fields are marked *