Carlsberg files confidential SEBI filing for ₹7,100 crore IPO

Danish brewer Carlsberg A/S has filed a confidential draft IPO paper with the Securities and Exchange Board of India (SEBI), two people familiar with the matter said. The company is seeking to raise about $750 million (₹7,100 crore) through an offer for sale, with promoters offloading part of their stake, the sources added.

The confidential filing route lets companies keep their IPO papers private until SEBI clears them. That shields sensitive commercial details from public view during the review process. Large Indian groups such as Jio Platforms and the National Stock Exchange have used the same mechanism.

Carlsberg, which entered India in 2007, is the country's second-largest brewer with a 22% market share. It operates 14 breweries across the country – eight company-owned plants and six contract manufacturing units, according to its website.

The move comes as several multinationals have tapped Indian equity markets recently. Hyundai Motor and LG Electronics both saw strong demand for their domestic share sales despite rich valuations.

One of the people familiar with the process said the company may aim to complete the IPO by the end of this year, counting on a rebound in equity markets in the second half. The timeline depends on SEBI's approval pace.

The offering will be structured as an offer for sale, meaning the company itself will not receive proceeds. Instead, existing shareholders will sell their stakes to new investors.