Pernod Ricard India is actively working on transforming its legal structure from a private entity to a public one. This maneuver positions the company for a potential initial public offering in the coming months. The CEO has highlighted India's importance as a growth hub for Pernod Ricard, while supply chain enhancements are being made to avoid any disruptions during this significant transition phase.

Pernod Ricard India has begun the first operational step towards a potential IPO , asking vendors to reflect its proposed public limited status on invoices, people familiar with the matter said, as the French spirits maker moves ahead with legal preparations for a possible listing of its India business, people in the know said. Pernod Ricard India has applied to change its legal status from Pernod Ricard India Private Limited to a public limited company and has begun preparing vendors for the transition, the people said. Pernod has not announced an IPO timetable or appointed advisers for the offering. However, the changes underway suggest preparations are moving from board-level discussions into the company's operations and supply chain. Advt

The transition could have wider implications for Pernod's operations because liquor manufacturing and sales in India are governed by state-specific excise licences, registrations and approvals. Changes to the legal entity can therefore require updates across manufacturing, procurement, invoicing and distribution systems. Pernod has increased supplies and built inventory to minimise disruption to the market while the transition takes place, sources familiar with the matter said. The company is seeking to avoid a repeat of the experience of Bira 91 , whose parent B9 Beverages changed its legal status from a private to a public company as part of preparations for a proposed IPO.

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