Overview: French spirits and wine maker Pernod Ricard has appointed four investment banks as advisors for the proposed initial public offering of its India unit. The company is seeking to raise more than Rs.9,450 crore ($1 billion) in 2027 while maintaining a premium portfolio across multiple categories.
The Full Story
New Delhi, Sept. 7 — Pernod Ricard India Private Ltd has onboarded Kotak Mahindra Capital, Goldman Sachs, JPMorgan, and BofA Securities for the proposed mega IPO. Two other people confirmed the syndicate of advisors, with more banks potentially added later if required. The discussion around the India IPO remains ongoing and exploratory according to Pernod Ricard India. No final decision has been taken on the size or structure of the offering, which could change depending on market conditions.
CEO Alexandre Ricard stated that the board continues to discuss the opportunity in terms of shareholder value creation. It is not an obvious yes or no, but a clear process of analysis and discussion. In the meantime, legal preparatory steps are being taken to maintain flexibility around the India IPO and keep options open. The portfolio is led by Seagram’s whiskies, including Longitude 77, Royal Stag, Royal Stag Barrel Select, Xclamat!on, Blenders Pride, Blenders Pride Reserve Collection and 100 Pipers. It also offers a wide range of international premium brands such as Chivas Regal, Ballantine’s, The Glenlivet, Royal Salute and Jameson Irish Whisky.
Some prominent brands in other categories include ABSOLUT vodka, Jacob’s Creek and Campo Viejo wines, Martell cognac, Beefeater and Monkey 47 gin, Kahlua and Malibu liqueurs, and Mumm and Perrier-Jouet champagne. Last month, the company announced that Royal Stag was ranked the world’s largest-selling whisky brand for calendar year 2025, according to the latest IWSR 2025 rankings. The brand recorded annual sales of 32.6 million cases in 2025.
What This Means
The proposed IPO represents a significant strategic opportunity for shareholder value creation within the multinational alcoholic beverage industry. Pernod Ricard India Private Limited is a wholly owned subsidiary of Pernod Ricard South Asia and is described as a fast-growing company with one of the most premium portfolios in the industry. The board weighs the strategic rationale and pros and cons regarding these situations before finalizing implementation.
Consumer Takeaway
Drinkers in India have access to renowned brands across categories within this multinational alcoholic beverage company. The portfolio offers international premium wines, spirits, and whiskies available through Pernod Ricard India Private Ltd.
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