Bira 91 producer plans IPO for 2026

B9 Beverages Ltd., the maker of the craft beer brand Bira 91, has announced plans to launch an initial public offering (IPO) in 2026. The company claims to be the fourth-largest beer company in India with a 5 percent market share in key regions.

In preparation for the IPO, B9 Beverages has enlisted the services of investment banking firm Morgan Stanley to guide the pre-IPO process, according to the reports. Last month, the company secured $25 million through external commercial borrowing from its existing backer, Kirin Holdings.

CEO of B9 Beverages Ltd.,  Ankur Jain confirmed the IPO timeline. Jain was quoted as saying in the report, "We are planning our IPO in 2026. This is contingent on meeting operating milestones in the business."

In December 2022, Bira 91 transitioned to a public entity and rebranded itself as B9 Beverages Ltd.