IIFL Capital Services

IIFL Capital Services is one of the banks on the roster for the initial public offering of Hindustan Coca-Cola Beverages, the Indian bottling unit of Coca-Cola. [1] source: Hindustan Times Hindustan Times reported on 30 September 2026 that IIFL Capital Services and Axis Capital have joined that banking roster. [1] source: Hindustan Times Citigroup, JPMorgan Chase and Kotak Mahindra Capital are also named in connection with the same IPO. [1] source: Hindustan Times[2] source: Business Standard

Coca-Cola is considering a December draft prospectus filing for the IPO, which could raise around $1 billion at a valuation of about $10 billion. [1] source: Hindustan Times[2] source: Business Standard Business Standard reported that the offering is expected to consist largely of existing investors' shares. [2] source: Business Standard Business Today reported that the timing and structure of the offering are not fixed. [3] source: Business Today Business Standard and Business Today both published their reports on 30 September 2026. [3] source: Business Today[2] source: Business Standard Business Today reported India IPO proceeds in July-September of about $10 billion. [3] source: Business Today Hindustan Times cited nearly 250 IPOs and over $13 billion in India IPO proceeds this year. [1] source: Hindustan Times[3] source: Business Today