Danish brewer Carlsberg A/S learnt to have filed papers confidentiality with the market regulator SEBI for tapping the primary markets.
One of the largest brewers in India, Carlsberg will join the growing multi-nationals tapping the vibrant Indian markets.
The confidential route allows companies to keep their IPO filings private until it is cleared by Sebi. This allows the company to withhold sensitive trade information from public glare.
Some of large Indian companies such as Jio Platforms and NSE also took the confidential route for filings with Sebi.
The IPO of Carlsberg will largely be an offer for sale with the promoters offloading part of their stake to raise about $750 million (₹7,100 crore), sources said.
With the equity markets set to rebound in the second half of this year, the company may attempt to complete the IPO by this year, he added.
Earlier, share sale of multinational companies such as Hyundai Motor and LG Electronics attracted good response despite higher valuations.
Carlsberg India, which entered India in 2007, commands a market share of 22 per cent.
The country’s second-largest brewer operates 14 breweries across the country, including eight company-owned plants and six contract manufacturing units, according to the company’s website.