Pernod Ricard India Private Limited has appointed four investment banks as advisors for a proposed initial public offering (IPO) targeting more than ₹9,450 crore by 2027, according to a report by livemint.com. The India unit of the multinational alcoholic beverage company is preparing for a significant market debut, although the final size and structure of the IPO are still under discussion.
The engagement of the four banks marks a key step in Pernod Ricard India's IPO preparations. The company, a wholly owned subsidiary of Pernod Ricard South Asia, is exploring the strategic value of the public offering with its advisors. Details on the names of the banks or the timeline for the IPO have not been disclosed, but the move signals the company's intent to expand its capital base through the public markets.
This potential IPO comes amid a growing trend of consumer and beverage companies tapping Indian capital markets to fund expansion and strengthen their market presence. Pernod Ricard India’s plan aligns with broader sector activity, where large IPOs have attracted investor interest. The ₹9,450 crore target would place the offering among the larger IPOs in the Indian market, reflecting confidence in the alcoholic beverages sector’s growth prospects.
The company’s IPO plan was confirmed in a report published on September 7, 2026, by livemint.com, which highlighted ongoing discussions about the IPO’s size and structure. The next developments will likely depend on market conditions and regulatory approvals, setting the stage for one of the notable public listings in the Indian consumer goods space.