Pernod Ricard India appoints four banks for potential $1bn-plus IPO
Pernod Ricard has reportedly appointed Kotak Mahindra Capital, Goldman Sachs, JPMorgan and BofA Securities to explore a listing of its India unit, potentially in 2027. The offering could raise more than $1 billion, underscoring the strategic weight of its second-largest market by sales.
What happened
Pernod Ricard India · Pernod Ricard has appointed Kotak Mahindra Capital, Goldman Sachs, JPMorgan and BofA Securities to advise on an exploratory IPO of its
Key facts
- More than $1 billion proposed IPO raise
- 2027 potential IPO timing
- 4 investment banks appointed as advisors
- India is Pernod Ricard's second-largest market by sales
- Carlsberg IPO reportedly targets around $700 million at up to $4 billion valuation
Why this matters
Separating the India unit for public markets could expand Pernod Ricard’s strategic flexibility for local partnerships, acquisitions and targeted capital allocation.