Carlsberg A/S plans to file draft papers for an initial public offering of its India unit as early as June, aiming to raise up to $700 million, according to livemint.com. The listing is expected to take place in 2026, marking a significant move for the beer maker in the Indian market.
The company is collaborating with Kotak Mahindra Capital Co., along with the local units of JPMorgan Chase & Co. and Citigroup Inc., to manage the IPO process. This development comes as Carlsberg seeks to capitalize on its position as India’s second-largest beer brand, holding a 22% market share, second only to Kingfisher, whose parent company United Breweries has a market capitalization of about $3.6 billion, per livemint.com.
The planned IPO occurs amid a broader trend of international beverage companies exploring domestic listings in India, with Pernod Ricard, the maker of Absolut and Chivas Regal, also considering a local listing. Carlsberg’s move could enhance its visibility and funding capacity in a competitive market dominated by established players like United Breweries.
Carlsberg’s India IPO filing is anticipated this month, with the listing likely scheduled for 2026, according to livemint.com. The company’s strategic partnership with major financial institutions underscores the scale and seriousness of this offering.