G, eyeing $1bn plus IPO at $10 bn plus valuation; picks advisors

MC EXCLUSIVE Parle Products, maker of iconic Parle-G, eyeing $1bn plus IPO at $10 bn plus valuation; picks advisors

Mumbai-headquartered Parle Products was set up in 1929 and brands like KrackJack, Monaco and Hide & Seek are also part of the firm’s portfolio.

The size and valuation of the proposed Parle Products IPO and the names of the shortlisted advisors has not been reported earlier.

Parle Products eyes $1 billion+ IPO next year.

IPO valuation targeted at over $10.5 billion.

Kotak, Axis, HSBC picked as IPO advisors.

Ashwin Mohan is Editor (Deals) at Moneycontrol and leads the M&A, private equity and equity capital market transactions coverage. He anchors the video show 'Deal Central ' and tweets at @ashwinmohansays. He has previously worked with ET NOW, CNBC TV-18 and The Times of India.

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