Coca-Cola's Indian Bottling Powerhouse Sets Its Sights On The Stock Market, Hindustan Coca-Cola Holdings Unveils Mega IPO Plans Through Nearly 100 Crore-Share Offer

Mumbai: Hindustan Coca-Cola Holdings Limited, a joint venture between The Coca-Cola Company and Jubilant Beverages, has submitted its draft prospectus for an initial public offering (IPO) to the Securities and Exchange Board of India (SEBI). The proposed listing on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) could see one of India's leading beverage bottling companies go public.

IPO Details The initial public offering will consist of an offer for sale (OFS) of up to 99.75 crore equity shares, each with a face value of ₹10. Hindustan Coca-Cola Overseas Holdings will be the only seller, as no new shares will be issued. Listing & Performance HCCH has reported robust financials for the quarter ending June 30, 2026, with revenue from operations up 20.46% to ₹4,310.17 crore, and sales volumes growing 18.61% year-on-year.

EBITDA margin, after excluding other income and exceptional items, improved to 17.20% from 13.76%. The beverage portfolio includes 41 products, such as Thums Up, Maaza, and Kinley, produced through a network of 14 manufacturing facilities, 8 co-packing units, and 90 bottling lines. Ownership & Management The Coca-Cola Company holds a 60% stake in HCCH, while Jubilant Beverages owns the remaining 40%.

Jubilant became a promoter in July 2025. Management of the offering includes seven investment banks and KFin Technologies as the registrar. The IPO's price range and subscription dates have yet to be determined.