The frenzy over Prime Minister Narendra Modi's gift of Melody toffees to Italian Prime Minister Giorgia Meloni, which briefly sent investors rushing into an unrelated listed company bearing the 'Parle' name, may soon have a real stock to chase, as the real maker of Melody and Parle-G could finally be heading to Dalal Street.
Parle Products is exploring an initial public offering (IPO) worth more than USD 1 billion that could value the company at over USD 10.5 billion (around Rs 1 lakh crore), according to media reports. The Mumbai-based company has reportedly shortlisted Kotak Mahindra Capital, Axis Capital and HSBC as advisers for the proposed issue, which could be launched next year.
If the listing materialises, it would mark the first opportunity for public market investors to own a stake in one of India's most recognisable fast-moving consumer goods (FMCG) companies after decades of remaining privately held.
The proposed issue could also rank among India's largest consumer-sector IPOs and is expected to attract strong institutional and retail interest, backed by the company's portfolio of household brands. Besides Parle-G, Parle Products owns brands such as Monaco, KrackJack, Hide & Seek, Melody, Mango Bite and Poppins, with a distribution network spanning India and several international markets.
According to media reports, the company posted operational revenue of more than Rs 15,500 crore in FY25. The proceeds from the proposed public issue, if it goes ahead, could support capacity expansion, strengthen distribution and fund future growth initiatives.
The development comes amid sustained investor interest in consumer-facing businesses, particularly companies with established brands, extensive distribution networks and resilient cash flows. A listing of Parle Products would add another marquee name to India's listed FMCG universe.
The company, however, has sought to temper speculation around an imminent listing. It has not officially confirmed plans to launch an IPO and has not filed any draft papers with the Securities and Exchange Board of India (Sebi). While discussions may be underway, any public issue would remain subject to regulatory approvals, market conditions and the company's final decision. |
