Carlsberg files IPO papers confidentially

MUMBAI: Danish brewer Carlsberg has confidentially filed draft IPO papers for its India unit with markets regulator Sebi earlier this week, the company said. "The progress and timing of the potential IPO will depend on a number of factors, including the regulatory review and approvals, as well as prevailing market conditions," a global spokesperson said in a statement.

It is understood that the IPO will not include any primary share sale.After months of sluggishness, activity on IPO street is picking up with a bunch of companies having filed draft papers. Amid US-Iran truce and improving situation in West Asia, investment bankers expect the second half of the year to be busy. Jio Platforms, NSE, Zepto and Oyo parent Prism are among companies that are headed for a listing on the bourses. Jio Platforms' IPO alone is estimated to raise up to $3.8 billion and is set to be India's biggest ever stock market listing.Carlsberg started commercial operations in India in 2007 with the launch of Carlsberg Green in the premium beer segment. It competes with prominent brands such as Budweiser and Kingfisher in the market.