The proposed IPO will be entirely an offer for sale by promoter Hindustan Coca-Cola Overseas Holdings, with no proceeds going to HCCH; the company reported ₹11,663 crore in FY26 revenue. (HCCH), the holding company of Coca-Cola's Indian bottling business, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for a proposed initial public offering (IPO).