Haldiram's Snacks Foods IPO
Haldiram Snacks Food IPO is an upcoming Mainboard IPO of Haldiram Snacks Food Private Limited, the FMCG company formed by combining the packaged-food businesses of the Haldiram Nagpur and Haldiram Delhi groups. The company manufactures and distributes pac
Haldiram's Snacks Foods IPO Details
Haldiram Snacks Food Private Limited was incorporated in 2022 and was formed by combining the FMCG business of the Haldiram Nagpur group and Haldiram Delhi group. The company started operations in FY2025 and is engaged in the manufacture and distribution of packaged food products under the Haldiram's brand. Its product portfolio includes namkeen, Western snacks, nuts and seeds, sweets, ready-to-eat foods, baked products and non-carbonated ready-to-drink beverages. The company has not yet publicly disclosed the final IPO price band, issue size, lot size, IPO opening and closing dates, allotment date or listing date through a verified public offer document. These details should be updated once the official IPO documents are made publicly available.
Haldiram's Snacks Foods IPO Timeline (Tentative)
Haldiram Snacks Food IPO dates have not yet been officially announced. The IPO opening date, closing date, basis of allotment, refund date, demat credit date and listing date will be updated after the company releases the official IPO schedule.
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Haldiram's Snacks Foods IPO Lot Size
The Haldiram Snacks Food IPO lot size has not yet been officially announced. The minimum retail investment, maximum retail application, S-HNI and B-HNI application limits will be calculated after the company announces the IPO price band and lot size.
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Haldiram's Snacks Foods IPO Subscription
Haldiram Snacks Food IPO subscription details are not available because the public issue has not yet opened for subscription. QIB, NII, RII and total subscription figures will be updated after bidding begins.
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About Haldiram's Snacks Foods
Haldiram Snacks Food Private Limited is an FMCG company incorporated in 2022 and formed by combining the FMCG business of the Haldiram Nagpur group and Haldiram Delhi group. The company started operations in FY2025 and is engaged in the manufacture and distribution of packaged food products under the Haldiram's brand.
The company's product portfolio includes namkeen, Western snacks, nuts and seeds, sweets, ready-to-eat foods, baked products and non-carbonated ready-to-drink beverages. Namkeen was the largest revenue contributor in FY2025 and accounted for more than 50% of sales, according to CRISIL Ratings.
Haldiram's official website states that its FMCG portfolio includes namkeen and sweets, ready-to-eat meals, frozen foods, bakery products and beverages. The company also highlights its focus on modern manufacturing, food safety, product innovation and distribution across India and international markets.
Haldiram Snacks Food Private Limited's official corporate contact information lists its corporate office at C-31, Sector 62, Noida, Uttar Pradesh – 201301 and its registered office at 145, Old Pardi Naka, Bhandara Road, Nagpur – 440035.
Strengths
- Strong and established Haldiram's brand with significant recognition in India's packaged-food market.
- Diversified product portfolio covering namkeen, Western snacks, nuts and seeds, sweets, ready-to-eat foods, baked products and non-carbonated ready-to-drink beverages.
- Strong position in the organised traditional snacks segment, as noted by CRISIL Ratings.
- Large operating scale, with FY2025 revenue of ₹12,977 crore and profit after tax of ₹1,195 crore.
- Broad distribution and established presence across domestic and international markets.
Risks to Consider
- The packaged-food and snacks industry is highly competitive, with competition from national, regional and emerging brands.
- Namkeen accounted for more than 50% of FY2025 revenue, resulting in product-category concentration.
- Fluctuations in raw-material prices can affect operating costs and profitability.
- Changes in consumer preferences may affect demand across individual product categories.
- The company is exposed to food-safety, quality-control and regulatory requirements applicable to packaged-food manufacturers.
- The final IPO price, valuation and issue structure have not yet been publicly disclosed, so IPO-specific valuation risks cannot currently be assessed.
Haldiram's Snacks Foods Financials (₹ Cr)
Haldiram Snacks Food Private Limited reported revenue of ₹12,977 crore and profit after tax of ₹1,195 crore for FY2025, according to CRISIL Ratings. The company reported a PAT margin of 9.2% for FY2025. Haldiram Snacks Food started operations in FY2025, and therefore comparable FY2024 financial figures for the company were not available in the CRISIL rating rationale.
| Period | Revenue | PAT | Total Assets | Net Worth |
|---|---|---|---|---|
| FY2025 | ₹12,977 Cr | ₹1,195 Cr |
KPIs & Valuation
Haldiram Snacks Food Private Limited reported a 9.2% PAT margin in FY2025. CRISIL also reported adjusted debt to net worth of 0.12 times and adjusted interest coverage of 63.9 times. IPO-specific metrics such as EPS, NAV and P/E cannot be calculated until the company announces the IPO price and provides the relevant public issue financial information.
Objects of the Issue
The proposed ₹522 crore Fresh Issue is intended to support debt repayment, expansion of the company's retail network, lease and sub-lease rental payments for certain existing stores and the warehouse, and general corporate purposes. The Offer for Sale of up to 2.70 crore shares is being offered by promoter Marri Venkat Reddy. The company proposes to utilise the Net Proceeds for:
- Repayment and/or prepayment, in full or part, of certain outstanding borrowings availed by the company – ₹115.60 crore.
- Capital expenditure towards opening 10 new apparel stores, one Integrated Retail Store and two Jewellery Stores – ₹250.50 crore.
- Expenditure towards lease/sub-lease rent payments for certain existing stores and the warehouse – ₹35.85 crore.
- General corporate purposes.
Haldiram's Snacks Foods IPO Review
Haldiram Snacks Food Private Limited is the consolidated FMCG entity created from the packaged-food businesses of the Haldiram Nagpur and Haldiram Delhi groups. The company operates across several packaged-food categories, with namkeen, snacks, sweets, ready-to-eat products and frozen foods forming important parts of its portfolio.
The company's FY2025 financial performance provides an important reference point ahead of any IPO. CRISIL reported revenue of ₹12,977 crore and PAT of ₹1,195 crore for FY2025, with a PAT margin of 9.2%. The company also reported adjusted debt/net worth of 0.12 times and adjusted interest coverage of 63.9 times.
CRISIL reported that Haldiram Snacks Food had already recorded revenue of ₹7,762 crore in H1 FY2026 and expected revenue growth of 9–10% for FY2026. CRISIL also noted the company's extensive distribution network, product innovation and strong brand equity as factors supporting its market position.
At the same time, investors should consider the competitive nature of the packaged-food industry, product-category concentration, raw-material costs and the integration of the combined FMCG operations. The final IPO price band, issue size, valuation and use of proceeds should be assessed only after the official IPO documents become available.
How to Apply
Haldiram Snacks Food IPO applications can be made through ASBA or UPI once the IPO opens for public subscription. The final price band, lot size and application limits will be updated after the company officially announces the issue details.
Through UPI
- Log in to your stockbroker app/website.
- Go to the IPO section.
- Select Haldiram Snacks Food IPO.
- Enter the number of lots you want to apply for.
- Select the bid price. Retail investors can generally choose Cut-off when available.
- Enter your valid UPI ID.
- Submit the IPO application.
- Open your UPI app when the mandate request arrives.
- Approve the mandate using your UPI PIN.
- The application amount will be blocked in your bank account. If shares are allotted, the required amount will be debited; otherwise, the blocked amount will be released.
Prospectus & Documents
Investors can refer to Haldiram's official corporate website for company and business information. The official SEBI public-issues database should be used to verify the availability of the Haldiram Snacks Food IPO DRHP, RHP and Prospectus. At present, the final public IPO documents and issue terms should not be assumed until officially disclosed.
Last updated Sep 28, 2026.