Oyo Secures Approval for IPO, While Coca-Cola Considers Listing of Bottler’s Parent Company
MUMBAI/NEW DELHI: Despite challenging fundraising conditions due to the ongoing conflict in West Asia, several prominent unlisted companies are advancing their plans to go public. On Tuesday, Prism, the parent company of hospitality firm Oyo, received approval from the Securities and Exchange Board of India (Sebi) for its initial public offering (IPO), which could raise up to Rs 6,650 crore. Additionally, Coca-Cola announced it is considering a potential listing of Hindustan Coca-Cola Holdings (HCCH) in 2027, with an estimated IPO value of around $1 billion (approximately Rs 9,500 crore).
Coca-Cola’s plans come as it explores the sale of a portion of its stake in HCCH, where it currently holds a 60% ownership. The remaining shares are held by the Jubilant Bhartia Group, which acquired its stake in 2025. This move aligns with Coca-Cola’s global strategy to transition to a franchise-led model, divesting its bottling operations while maintaining investment in key bottlers. Sanket Ray, president of Coca-Cola India and Southwest Asia, emphasized the company’s commitment to growing its portfolio of brands in India.
Investors are also looking forward to upcoming IPOs from Jio Platforms and the National Stock Exchange (NSE), both valued at several billion dollars, although neither has filed paperwork with the regulator yet. Other companies, such as quick commerce firm Zepto and Parle Products, known for its Melody toffees, are also pursuing public listings. Meanwhile, some companies, including Walmart’s PhonePe and Flipkart, have paused their IPO plans due to market uncertainties stemming from the ongoing conflict.
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