Pernod Ricard India appoints four banks to explore potential 2027 IPO
Pernod Ricard India has appointed Kotak Mahindra Capital, Goldman Sachs, JPMorgan and BofA Securities as advisers for a potential IPO. Mint reported the issue could exceed ₹9,450 crore ($1 billion), though the company says its board is still assessing the strategic rationale and no decision has been finalised.
What happened
Pernod Ricard India has appointed four banks to advise on an exploratory IPO that could raise over ₹9,450 crore in 2027. The French spirits maker says its board
Key facts
- Proposed fundraising could exceed ₹9,450 crore ($1 billion)
- Potential IPO timing: 2027
- Four banks appointed: Kotak Mahindra Capital, Goldman Sachs, JPMorgan and BofA Securities
- Royal Stag sold 32.6 million cases in calendar year 2025
Why this matters
The appointment of four global and domestic banks signals Pernod Ricard is evaluating a meaningful India separation or capital-raising pathway, making the market’s premium alcohol assets more strategically visible.