Hindustan Coca-Cola Holdings Likely To File DRHP This Week For $1 Billion Public Issue: Report

Hindustan Coca-Cola Holdings (HCCH) is reportedly set to submit its draft red herring prospectus (DRHP) to regulatory authorities this week, according to a report by Moneycontrol. The company, which owns Hindustan Coca-Cola Beverages (HCCB), aims to list its shares on the stock market by 2027. The proposed public offering, valued at approximately $10 billion, could generate around $1 billion through a stake sale.

The IPO process is being overseen by investment bankers Axis Capital and IIFL Capital Services, with Rothschild & Co acting as the advisory firm. The move comes after a significant ownership shift in July 2025, when Jubilant Bhartia Group acquired a 40% stake in HCCH, while The Coca-Cola Company maintained a 60% shareholding.

The Coca-Cola Company's India and Southwest Asia and Emerging Large Markets Lead, Sanket Ray, emphasized that the listing would bolster the bottler's growth prospects under its partnership with Jubilant Bhartia Group. HCCB currently runs 14 bottling plants across 10 Indian states, serving a distribution network of over 2,000 distributors and reaching more than 1.7 million customers. The company employs approximately 5,000 individuals.

Jubilant Bhartia Group Chairman Shyam Bhartia and Co-Chairman Hari Bhartia expressed confidence in the proposed public listing, stating that it presents opportunities to enhance shareholder value. They reaffirmed their dedication to their ongoing partnership with The Coca-Cola Company. The final outcome of the IPO will hinge on regulatory approvals, market dynamics, and the company's formal filing.