80-year-old snack brand, Haldiram to launch IPO in 2-3 Years

There is no one in India, who hasn’t had snacks of Haldiram, be its sweets, Indian savories, namkeen. Every single Indian knows the name of the brand Haldiram. That’s the type of market presence haldiram has made for over 80 years.

 In an interview, Haldiram’s current chairman Manohar Lal Aggarwal talked about increasing the prices of its products amid soaring inflation coupled with the soaring cost of edible oils.

Facts about Haldiram

  • Founded-1941
  • Place – Bikaner, Rajasthan
  • Founder-Ganga Bishan Agarwal (Haldiram Ji)
  • Headquarters-Nagpur, Maharashtra
  • First Manufacturing Plant- Kolkata
  • Selling Market- to over 80 countries
  • No. of Restaurants – 100 in Delhi, 30-40 in Nagpur

Haldiram’s IPO

Haldiram has become a billion-dollar company over 80 years. To further add some more fuel to the expansion, Haldiram is expected to take the route of Initial public offering within the next 2-23 years. The fund raised from the IPO will be utilized to expand on the retail front and restaurants.

Haldiram IPO will be another anticipated IPO of the market, as its one of the oldest successful homegrown brands of India, which has marked its presence across the world. An organization with a long history, strong fundamental base, and high potential to grow, makes Haldiram a lucrative investment one can look forward.

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