Parle Products, the maker of the iconic Parle-G biscuit, is in early discussions with investment banks for a potential initial public offering (IPO), according to reports by CNBC-TV18.
According to reports, the company has initiated talks with at least five investment banks as it explores the possibility of going public. However, the discussions are currently at a preliminary stage, with formal pitches expected to progress in the coming weeks.
The potential IPO is expected to be largely a secondary sale, where existing shareholders offload part of their holdings rather than the company issuing fresh shares to raise capital. Notably, Parle Products remains one of India’s biggest unlisted firms. Established in 1929 in Mumbai by the Chauhan family, the business is now led by its third generation Vijay, Sharad, and Raj Chauhan and continues to be entirely promoter-owned.
Despite the buzz, the company has not confirmed any concrete plans. If it proceeds, the listing would mark a significant milestone for Parle Products, one of India’s largest unlisted fast-moving consumer goods (FMCG) companies. Known for its stronghold in the affordable biscuit segment, particularly with Parle-G, the company has built a massive distribution network and deep rural penetration over decades.
