{"id":343695,"date":"2026-11-11T12:02:31","date_gmt":"2026-11-11T06:32:31","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=343695"},"modified":"2026-11-11T12:02:31","modified_gmt":"2026-11-11T06:32:31","slug":"coca-cola-india-ipo-hcch-drhp-offer-for-sale-15-percent-stake-hindustan-coca-cola-beverages-11-november-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/coca-cola-india-ipo-hcch-drhp-offer-for-sale-15-percent-stake-hindustan-coca-cola-beverages-11-november-2026\/","title":{"rendered":"Coca-Cola India IPO: Hindustan Coca-Cola Holdings Files the HCCH DRHP for a 15% Offer for Sale, With the Stake Structure, Financials, Lead Managers, and What Is Still Not Known"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Coca-Cola India IPO: HCCH filed its DRHP on 6 Nov 2026 for an OFS of up to 99.75 cr shares (~15%). No fresh issue; price band and dates not announced; listing targeted for 2027.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Coca-Cola India IPO is an offer for sale of up to 99.75 crore shares, about 15%, by the promoter in the HCCH DRHP filed with SEBI on 6 November 2026. HCCH gets no money. Price band, offer size and dates are not disclosed, and listing is targeted for 2027.<\/p>\n<\/p><\/div>\n<p>The <strong>Coca-Cola India IPO<\/strong> moved a step closer as Hindustan Coca-Cola Holdings (HCCH) filed its <strong>HCCH DRHP<\/strong> with SEBI on Friday 6 November 2026 for a pure offer for sale. The majority shareholder plans to sell up to 15% of the company, and HCCH, the parent of the bottler Hindustan Coca-Cola Beverages (HCCB), will receive no proceeds. This note covers what the draft says, what the numbers show, and what has not been announced, since a DRHP is only the first step.<\/p>\n<p>There is no price band, issue size, subscription date or listing date yet, so there is no grey market premium to talk about, and any such figure you see now is not based on an announced price. The listing is targeted for 2027, per the reports.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=discover\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/coca-cola-india-ipo-hcch-drhp-offer-for-sale-15-percent-stake-hindustan-coca-cola-beverages-11-november-2026\/#Coca-Cola_India_IPO_Details_From_the_DRHP\" title=\"Coca-Cola India IPO Details From the DRHP\">Coca-Cola India IPO Details From the DRHP<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/coca-cola-india-ipo-hcch-drhp-offer-for-sale-15-percent-stake-hindustan-coca-cola-beverages-11-november-2026\/#HCCB_Financials_Revenue_Fell_in_FY26_Then_Rebounded\" title=\"HCCB Financials: Revenue Fell in FY26, Then Rebounded\">HCCB Financials: Revenue Fell in FY26, Then Rebounded<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/coca-cola-india-ipo-hcch-drhp-offer-for-sale-15-percent-stake-hindustan-coca-cola-beverages-11-november-2026\/#Business_Snapshot_and_Valuation_Clues\" title=\"Business Snapshot and Valuation Clues\">Business Snapshot and Valuation Clues<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/coca-cola-india-ipo-hcch-drhp-offer-for-sale-15-percent-stake-hindustan-coca-cola-beverages-11-november-2026\/#Checklist_and_Risks\" title=\"Checklist and Risks\">Checklist and Risks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/coca-cola-india-ipo-hcch-drhp-offer-for-sale-15-percent-stake-hindustan-coca-cola-beverages-11-november-2026\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/coca-cola-india-ipo-hcch-drhp-offer-for-sale-15-percent-stake-hindustan-coca-cola-beverages-11-november-2026\/#Frequently_Asked_Questions_on_the_Coca-Cola_India_IPO_and_HCCH_DRHP\" title=\"Frequently Asked Questions on the Coca-Cola India IPO and HCCH DRHP\">Frequently Asked Questions on the Coca-Cola India IPO and HCCH DRHP<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/coca-cola-india-ipo-hcch-drhp-offer-for-sale-15-percent-stake-hindustan-coca-cola-beverages-11-november-2026\/#What_is_the_Coca-Cola_India_IPO\" title=\"What is the Coca-Cola India IPO?\">What is the Coca-Cola India IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/coca-cola-india-ipo-hcch-drhp-offer-for-sale-15-percent-stake-hindustan-coca-cola-beverages-11-november-2026\/#How_much_stake_will_the_promoter_sell\" title=\"How much stake will the promoter sell?\">How much stake will the promoter sell?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/coca-cola-india-ipo-hcch-drhp-offer-for-sale-15-percent-stake-hindustan-coca-cola-beverages-11-november-2026\/#Will_HCCH_receive_any_money_from_the_IPO\" title=\"Will HCCH receive any money from the IPO?\">Will HCCH receive any money from the IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/coca-cola-india-ipo-hcch-drhp-offer-for-sale-15-percent-stake-hindustan-coca-cola-beverages-11-november-2026\/#What_is_the_Coca-Cola_India_IPO_price_band_and_date\" title=\"What is the Coca-Cola India IPO price band and date?\">What is the Coca-Cola India IPO price band and date?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/coca-cola-india-ipo-hcch-drhp-offer-for-sale-15-percent-stake-hindustan-coca-cola-beverages-11-november-2026\/#What_are_HCCBs_latest_financials\" title=\"What are HCCB&#x27;s latest financials?\">What are HCCB&#x27;s latest financials?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/coca-cola-india-ipo-hcch-drhp-offer-for-sale-15-percent-stake-hindustan-coca-cola-beverages-11-november-2026\/#Who_are_the_lead_managers_for_the_Coca-Cola_India_IPO\" title=\"Who are the lead managers for the Coca-Cola India IPO?\">Who are the lead managers for the Coca-Cola India IPO?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/coca-cola-india-ipo-hcch-drhp-offer-for-sale-15-percent-stake-hindustan-coca-cola-beverages-11-november-2026\/#Where_does_HCCB_operate\" title=\"Where does HCCB operate?\">Where does HCCB operate?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/coca-cola-india-ipo-hcch-drhp-offer-for-sale-15-percent-stake-hindustan-coca-cola-beverages-11-november-2026\/#Should_I_apply_for_the_Coca-Cola_India_IPO\" title=\"Should I apply for the Coca-Cola India IPO?\">Should I apply for the Coca-Cola India IPO?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Coca-Cola_India_IPO_Details_From_the_DRHP\"><\/span><strong>Coca-Cola India IPO Details From the DRHP<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Item<\/th>\n<th>Detail<\/th>\n<th>Note<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Coca-Cola India IPO: issue type<\/td>\n<td>100% offer for sale, no fresh issue<\/td>\n<td>HCCH receives no proceeds<\/td>\n<\/tr>\n<tr>\n<td>Coca-Cola India IPO: shares offered<\/td>\n<td>Up to 99,74,61,456 equity shares<\/td>\n<td>Face value Rs 10 each; about 99.75 crore<\/td>\n<\/tr>\n<tr>\n<td>Coca-Cola India IPO: seller<\/td>\n<td>Hindustan Coca-Cola Overseas Holdings Pte Ltd<\/td>\n<td>A Coca-Cola group company and promoter<\/td>\n<\/tr>\n<tr>\n<td>Coca-Cola India IPO: stake sold<\/td>\n<td>About 15% of equity<\/td>\n<td>Promoter holding falls from about 60% to about 45%<\/td>\n<\/tr>\n<tr>\n<td>Coca-Cola India IPO: jubilant Beverages<\/td>\n<td>Holds 40% and is not selling<\/td>\n<td>Acquired the stake in 2025<\/td>\n<\/tr>\n<tr>\n<td>Coca-Cola India IPO: listing<\/td>\n<td>BSE and NSE, book building<\/td>\n<td>Targeted for 2027<\/td>\n<\/tr>\n<tr>\n<td>Coca-Cola India IPO: price band and offer size<\/td>\n<td>Not disclosed<\/td>\n<td>To be set in the RHP<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The seller is the promoter, so the <strong>Coca-Cola India IPO<\/strong> is an exit and not a funding round, and the usual question of how fresh money will be used does not arise. An OFS can still be a signal of the promoter&#8217;s plan to list the business in India, but the draft does not give a reason. The seven lead managers are Kotak Mahindra Capital, Citigroup Global Markets India, JP Morgan India, Morgan Stanley India, Axis Capital, Goldman Sachs India and IIFL Capital Services, with KFin Technologies as registrar.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Track IPOs and compare listed FMCG and beverage stocks on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"HCCB_Financials_Revenue_Fell_in_FY26_Then_Rebounded\"><\/span><strong>HCCB Financials: Revenue Fell in FY26, Then Rebounded<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th>Figure<\/th>\n<th>Comparison<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Coca-Cola India IPO: FY26 revenue from operations<\/td>\n<td>Rs 11,663.24 crore<\/td>\n<td>Rs 12,869.54 crore in FY25; down about 9.4%<\/td>\n<\/tr>\n<tr>\n<td>HCCH DRHP: why it fell<\/td>\n<td>Territories moved to other bottlers<\/td>\n<td>Part of the refranchising programme<\/td>\n<\/tr>\n<tr>\n<td>HCCH DRHP: Q1 FY27 revenue (June 2026)<\/td>\n<td>Rs 4,310.17 crore<\/td>\n<td>Up 20.46% year on year<\/td>\n<\/tr>\n<tr>\n<td>HCCH DRHP: Q1 FY27 sales volume<\/td>\n<td>Up 18.61%<\/td>\n<td>Year on year<\/td>\n<\/tr>\n<tr>\n<td>HCCH DRHP: Q1 FY27 EBITDA margin<\/td>\n<td>17.20%<\/td>\n<td>13.76% a year earlier; excludes other income and exceptional items<\/td>\n<\/tr>\n<tr>\n<td>HCCH DRHP: FY26 profit and debt<\/td>\n<td>Not in the sources I could read<\/td>\n<td>Check the DRHP<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The FY26 fall in revenue looks like a smaller business, since territories were handed to other bottlers, and the Q1 jump is on that smaller base. I could not find FY26 profit or debt in the reports, and these two numbers matter more for valuation than revenue. Bloomberg reported in October 2025 that the unit could raise about $1 billion at a valuation near $10 billion, which is a reported view and not part of the DRHP.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to get IPO alerts and DRHP news on your phone.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Business_Snapshot_and_Valuation_Clues\"><\/span><strong>Business Snapshot and Valuation Clues<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Item<\/th>\n<th>Figure<\/th>\n<th>Note<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>HCCH DRHP: territory<\/td>\n<td>10 states and 4 Union Territories<\/td>\n<td>Mainly southern and western India<\/td>\n<\/tr>\n<tr>\n<td>HCCH DRHP: manufacturing<\/td>\n<td>14 facilities<\/td>\n<td>Entrepreneur India<\/td>\n<\/tr>\n<tr>\n<td>HCCH DRHP: retail reach<\/td>\n<td>About 17 lakh outlets via 2,273 distributors<\/td>\n<td>As of 30 June 2026<\/td>\n<\/tr>\n<tr>\n<td>HCCH DRHP: portfolio<\/td>\n<td>41 beverages<\/td>\n<td>Brands include Thums Up, Sprite and Maaza<\/td>\n<\/tr>\n<tr>\n<td>HCCH DRHP: market share<\/td>\n<td>37.2% of soft drinks and water; 60.1% of carbonated drinks<\/td>\n<td>In its territories, per the DRHP as reported<\/td>\n<\/tr>\n<tr>\n<td>HCCH DRHP: share of Coca-Cola concentrate sold in India<\/td>\n<td>About 38.53%<\/td>\n<td>Per CNBC-TV18<\/td>\n<\/tr>\n<tr>\n<td>HCCH DRHP: packaged drinks market in its states<\/td>\n<td>Rs 63,730 crore in FY26 to Rs 1,18,320 crore by FY31<\/td>\n<td>Industry report cited in the DRHP<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The 2025 Jubilant deal gives one valuation clue. CNBC-TV18 says Jubilant paid Rs 11,704 crore for 265.99 crore shares, which values the whole company at about Rs 29,260 crore, while another report puts the deal near Rs 12,500 crore, so the figures differ by source. Using the Rs 29,260 crore figure only as an illustration, 15% would be about Rs 4,389 crore (my arithmetic), but this is not the IPO price. A listed peer in the <a href=\"https:\/\/univest.in\/indices\/nifty-fmcg\/nifty-fmcg-share-price-today\">Nifty FMCG<\/a> will not have the same business mix, and the exchange pages on <a href=\"https:\/\/univest.in\/stocks\/nse\/national-stock-exchange-of-ind-share-price-today\">NSE<\/a> and <a href=\"https:\/\/univest.in\/stocks\/bse\/bse-ltd-share-price-today\">BSE<\/a> will carry the final notices.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Checklist_and_Risks\"><\/span><strong>Checklist and Risks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Investor situation<\/th>\n<th>Questions to consider<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>HCCH DRHP: investor reading the DRHP<\/td>\n<td>What do the FY26 profit, debt and related-party sections show?<\/td>\n<\/tr>\n<tr>\n<td>HCCH DRHP: retail applicant<\/td>\n<td>Will I wait for the price band and the RHP before deciding?<\/td>\n<\/tr>\n<tr>\n<td>HCCH DRHP: short-term applicant<\/td>\n<td>Do I understand that listing gains are not assured on any IPO?<\/td>\n<\/tr>\n<tr>\n<td>Long-term investor<\/td>\n<td>Do a seasonal, weather-linked business and heavy promoter selling fit my horizon?<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The main risks include dependence on one franchisor and a few brands, seasonality and weather, sugar and packaging costs, competition from other soft drink and juice makers, regulation on sugary drinks, and pricing that is not yet known. The offer being 100% OFS means no new capital for growth.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Coca-Cola India IPO<\/strong> is an OFS of up to 99.75 crore shares, about 15%, filed on 6 November 2026, with no price band yet and a 2027 listing target. HCCB revenue fell in FY26 and rebounded in Q1 FY27. Read the DRHP and consult a SEBI-registered adviser before acting.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_the_Coca-Cola_India_IPO_and_HCCH_DRHP\"><\/span><strong>Frequently Asked Questions on the Coca-Cola India IPO and HCCH DRHP<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Coca-Cola_India_IPO\"><\/span><strong>What is the Coca-Cola India IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It is a proposed IPO of Hindustan Coca-Cola Holdings, the parent of the bottler HCCB, filed as a draft red herring prospectus with SEBI on 6 November 2026. It is entirely an offer for sale of up to 99.75 crore shares.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_stake_will_the_promoter_sell\"><\/span><strong>How much stake will the promoter sell?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Hindustan Coca-Cola Overseas Holdings plans to sell about 15% of the equity, which would cut its holding from about 60% to about 45%. Jubilant Beverages, with 40%, will not sell.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Will_HCCH_receive_any_money_from_the_IPO\"><\/span><strong>Will HCCH receive any money from the IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. The issue is a pure offer for sale, so the proceeds go to the selling shareholder after expenses. There is no fresh issue and no capital raised for the company.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Coca-Cola_India_IPO_price_band_and_date\"><\/span><strong>What is the Coca-Cola India IPO price band and date?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Neither is announced. The DRHP does not set a price band, and the issue size and dates will come in the RHP. Listing is targeted for 2027.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_HCCBs_latest_financials\"><\/span><strong>What are HCCB&#x27;s latest financials?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> FY26 revenue was Rs 11,663.24 crore, down about 9.4% after territories were transferred. Q1 FY27 revenue rose 20.46% to Rs 4,310.17 crore with an EBITDA margin of 17.20%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_are_the_lead_managers_for_the_Coca-Cola_India_IPO\"><\/span><strong>Who are the lead managers for the Coca-Cola India IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The book running lead managers are Kotak Mahindra Capital, Citigroup Global Markets India, JP Morgan India, Morgan Stanley India, Axis Capital, Goldman Sachs India and IIFL Capital Services. KFin Technologies is the registrar.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Where_does_HCCB_operate\"><\/span><strong>Where does HCCB operate?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It operates in 10 states and 4 Union Territories, mainly in southern and western India, with 14 manufacturing facilities and about 17 lakh retail outlets served through 2,273 distributors.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_apply_for_the_Coca-Cola_India_IPO\"><\/span><strong>Should I apply for the Coca-Cola India IPO?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Univest does not recommend any security. With no price band yet and FY26 profit and debt unconfirmed here, read the DRHP and the RHP when it is filed, and consult a SEBI-registered adviser.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Coca-Cola India IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It is a proposed IPO of Hindustan Coca-Cola Holdings, the parent of the bottler HCCB, filed as a draft red herring prospectus with SEBI on 6 November 2026. It is entirely an offer for sale of up to 99.75 crore shares.\"}},{\"@type\":\"Question\",\"name\":\"How much stake will the promoter sell?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Hindustan Coca-Cola Overseas Holdings plans to sell about 15% of the equity, which would cut its holding from about 60% to about 45%. Jubilant Beverages, with 40%, will not sell.\"}},{\"@type\":\"Question\",\"name\":\"Will HCCH receive any money from the IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. The issue is a pure offer for sale, so the proceeds go to the selling shareholder after expenses. There is no fresh issue and no capital raised for the company.\"}},{\"@type\":\"Question\",\"name\":\"What is the Coca-Cola India IPO price band and date?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Neither is announced. The DRHP does not set a price band, and the issue size and dates will come in the RHP. Listing is targeted for 2027.\"}},{\"@type\":\"Question\",\"name\":\"What are HCCB's latest financials?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"FY26 revenue was Rs 11,663.24 crore, down about 9.4% after territories were transferred. Q1 FY27 revenue rose 20.46% to Rs 4,310.17 crore with an EBITDA margin of 17.20%.\"}},{\"@type\":\"Question\",\"name\":\"Who are the lead managers for the Coca-Cola India IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The book running lead managers are Kotak Mahindra Capital, Citigroup Global Markets India, JP Morgan India, Morgan Stanley India, Axis Capital, Goldman Sachs India and IIFL Capital Services. KFin Technologies is the registrar.\"}},{\"@type\":\"Question\",\"name\":\"Where does HCCB operate?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"It operates in 10 states and 4 Union Territories, mainly in southern and western India, with 14 manufacturing facilities and about 17 lakh retail outlets served through 2,273 distributors.\"}},{\"@type\":\"Question\",\"name\":\"Should I apply for the Coca-Cola India IPO?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Univest does not recommend any security. With no price band yet and FY26 profit and debt unconfirmed here, read the DRHP and the RHP when it is filed, and consult a SEBI-registered adviser.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Coca-Cola India IPO explained: the HCCH DRHP offers up to 99.75 crore shares for sale. See the stake, financials, bankers and what is not yet known.<\/p>\n","protected":false},"author":38,"featured_media":343694,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1281],"tags":[22187,22182,22185,22183,22184,8565,22186,12139],"class_list":["post-343695","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","tag-beverage-ipo","tag-coca-cola-india-ipo","tag-hccb","tag-hcch-drhp","tag-hindustan-coca-cola-holdings","tag-ipo-price-band","tag-jubilant-beverages","tag-offer-for-sale"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["343694"],"rank_math_title":["Coca-Cola India IPO: HCCH DRHP Filed, 15% Stake Sale"],"rank_math_description":["Coca-Cola India IPO explained: the HCCH DRHP offers up to 99.75 crore shares for sale. 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