The beverages major is looking to raise USD 1 billion through the public listing, planned for this summer
In line with its plans for a proposed initial public offering (IPO) of its Indian bottling company, Hindustan Coca-Cola Beverages (HCCB), Coca-Cola has now tapped investment bankers at Kotak, HDFC Group and Citibank among other, as per media reports.
The beverages major is looking to raise USD 1 billion through the public listing, planned for this summer. The reports noted that the company valuing HCCB at around USD 10 billion. However, if peak summer demand gets impacted by rains like last year, the company may postpone the listing to the next year.
The reports highlighted that the IPO process began over a year ago, when the company sold 40 per cent stake in Hindustan Coca-Cola Holdings (HCCB parent) to Jubilant Bhartia Group for Rs 12,500 crore. The move was in line with the company’s global asset-light approach.
Last year, Hemant Rupani, a veteran business leader with experience across several companies and industries, joined Bangalore-based bottler HCCB as Chief Executive Officer. Rupani comes to HCCB after a nine-year career with Mondelez International Inc. He served as Mondelez’s business unit president for southeast Asia, which includes Indonesia, the Philippines, Vietnam, Malaysia, Singapore and Thailand. He succeeded HCCB CEO, Juan Pablo Rodriguez.
Separately, after the revenue crossed Rs 8,000 crore in 2025, Coca-Cola bottling partner SLMG Beverages is now working towards crossing the Rs 10,000 crore mark in 2026. The company said that the growth has been augmented gradually, supported by phased addition to the manufacturing capacity and distribution over time.
As volumes scale up, SLMG is evaluating enhanced investments to ensure that production and logistics remain efficient during high-demand periods, particularly the summer months. Among the initiatives that are lined up is a large integrated manufacturing facility spread across nearly 70 acre. The project is currently at the planning stage and is intended to cater to the company’s future requirements rather than addressing short-term capacity needs.
