🍺Carlsberg India IPO

🍺

IPO Watch · February 2026

Carlsberg
Bets on India

A $700 million listing that could reshape India's beer market

$700M

Target IPO Size

22%

Market Share

₹90B

FY25 Revenue

The Story

Denmark's Finest Pours Into India's Capital Markets

Carlsberg A/S is preparing to list its Indian operations, potentially raising up to $700 million via a secondary share sale. Three marquee banks — Kotak Mahindra Capital, JPMorgan India, and Citigroup — have been appointed, with a DRHP filing possible as early as May 2026.

The rationale is simple: Indian markets offer valuation premiums that parent-company home markets can't match. Hyundai's Indian unit trades at 32× earnings versus just 11× for its Korean parent. Carlsberg wants a slice of that gap — and with 22% beer market share and ₹90 billion in FY25 revenue, it has a compelling story to tell.

"Exploring different options for increasing shareholder value, which may potentially include an IPO of our business in India."

— Kenni Leth, Head of External Communications, Carlsberg Group

Market Position

Who Holds the Glass?

Carlsberg is India's #2 brewer, behind United Breweries (Kingfisher).

22%

Carlsberg

United Breweries ~50%

Carlsberg India ~22%

Others ~28%

Investor Radar

What to Watch

No final decision yet — track these milestones as the IPO unfolds.

📄 DRHP Filing — May 2026

🏛️ SEBI Observations (30–75 days)

🗺️ Management Roadshow

💰 IPO Subscription & GMP

📈 Listing Day Premium

🌍 Pernod Ricard India IPO News

Sources: Bloomberg · ET Markets · Tracxn · February 23, 2026  |  Not investment advice. Markets involve risk.

🚨 Rs. 590 Crore Fraud at IDFC FIRST Bank — Here's What Happened

 

A massive fraud has been uncovered at IDFC FIRST Bank's Chandigarh branch. The victim? Haryana government-linked accounts. The amount? Rs. 590 crore.

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How Was It Caught?

The Haryana government asked the bank to close an account and transfer funds — but the balance on record didn't match what was actually there. Digging deeper revealed the same problem across multiple government accounts.

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What's Being Done?

• 🔴 4 employees suspended
• 🔍 Forensic audit launched
• 👮 Police complaint filed
• 🏦 Board & regulators informed

The bank confirmed this is limited to specific government accounts and does not affect regular customers.

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The Lesson

Even regulated banks aren't fraud-proof. Check your statements regularly and stay alert to any discrepancies — no matter how small.

Stay informed. Stay vigilant.

💰 Save Tax on Gold & Silver Gains — Legally & Smartly!

 

If you have invested in Gold ETFs, Silver ETFs, or Gold Mutual Funds (FoFs), you may be eligible to pay ZERO tax on Long-Term Capital Gains up to ₹1.25 lakh every financial year, subject to conditions.

Proper planning before 31 March can help you lock in gains and reduce future tax liability.

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📊 Correct Taxation of Gold & Silver Funds

Gold & Silver ETFs

• Held more than 12 months → LTCG taxed @ 12.5%
• Held up to 12 months → STCG taxed at slab rate

Gold Mutual Funds (FoFs)

• Held more than 24 months → LTCG taxed @ 12.5%
• Held up to 24 months → STCG taxed at slab rate

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✅ When You Can Claim ₹1.25 Lakh LTCG Exemption

You can claim this exemption only if:

✔ You sell the investment and realise Long-Term Capital Gain

✔ The gain is Long-Term
(ETF > 12 months / Gold Fund > 24 months)

✔ Total LTCG during the financial year is up to ₹1.25 lakh → Tax = NIL

✔ If LTCG exceeds ₹1.25 lakh → Tax applies only on the excess

✔ This limit is available every financial year

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💡 Smart Tax Planning Strategy (Tax Harvesting)

You can:

• Book gains up to ₹1.25 lakh → Pay ZERO tax
• Reinvest immediately
• Increase your cost base
• Reduce future tax burden
• Continue your investment without interruption

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🎯 Who Should Review Immediately

This is highly relevant for taxpayers who:

• Have profit in Gold or Silver ETFs
• Have profit in Gold Mutual Funds
• Are long-term investors
• Want to optimise tax before financial year end

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⚠ Professional Execution is Important

Correct planning ensures:

✔ Maximum tax exemption
✔ Compliance with tax law
✔ Improved post-tax returns

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📞 Get Your Tax Saving Review Done

Avoid unnecessary tax outflow. Use available exemptions efficiently.

CA Ramakrishna Sanjay
Contact: +91 77602 52581

Plan before 31 March. Save tax legally. Grow wealth smarter.
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📊 SEBI RIA Registration – Individual vs Company / LLP: Which is Right for You?

Planning to start your Investment Advisory practice? SEBI RIA registration is mandatory if you charge fees for financial advice. Choosing the right structure is critical for long-term growth and compliance.

🔹 Option 1: Individual RIA

Eligibility:
• Net worth: ₹5 lakh
• NISM certification mandatory
• Minimum qualification & experience required

Government Fees:
• Application fee: ₹5,000
• Registration fee: ₹10,000

Pros:
✔ Low setup and compliance cost
✔ Faster approval process
✔ Ideal for independent advisors and beginners

Cons:
✖ Limited scalability
✖ Lower brand credibility compared to firm structure
✖ Difficult to onboard multiple advisors

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🔹 Option 2: Non-Individual RIA (Company / LLP)

Eligibility:
• Net worth: ₹50 lakh
• Separate Principal Officer & Compliance Officer required

Government Fees:
• Application fee: ₹25,000
• Registration fee: ₹5,00,000

Pros:
✔ High credibility and professional image
✔ Suitable for scaling wealth management business
✔ Ability to build advisory team and larger client base

Cons:
✖ Higher initial cost
✖ More compliance and audit requirements

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💰 Additional Costs to Consider (Both):
• NISM Certification
• Professional fees for application & compliance
• Infrastructure and compliance setup

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🎯 Professional Insight:
• Individual RIA is best for solo advisors starting practice
• Company / LLP RIA is ideal for building a scalable wealth advisory firm

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💼 We provide complete support including:
• Eligibility assessment
• Net worth certification
• SEBI application filing
• Documentation and compliance setup

📞 CA Ramakrishna Sanjay
📱 +91 77602 52581

📊 SEBI RIA Registration – Start Your Investment Advisory Firm Legally

 

Are you planning to offer stock market, mutual fund, or portfolio advisory services for a fee?
Then SEBI Registered Investment Adviser (RIA) approval is mandatory.

✅ Why SEBI RIA Registration matters:
• Build high credibility and investor trust
• Charge professional advisory fees legally
• Start your own wealth advisory or financial planning firm
• Comply with SEBI regulations and avoid penalties

⚙️ Key eligibility:
• Company / LLP with ₹50 lakh net worth
• Qualified Principal Officer with NISM certification
• Proper compliance and documentation framework

🎯 Where expert support makes the difference:
SEBI approval involves structuring, net worth certification, documentation, and regulatory submission.
Professional handling ensures faster approval and zero compliance gaps.

💼 Our end-to-end support includes:
• Entity structuring (LLP / Company)
• Net worth certification
• Complete SEBI application filing
• Documentation and compliance setup
• Query handling till final approval

🚀 If you are a Wealth Advisor, Fintech, or Financial Consultant, this is the right time to obtain your SEBI RIA license and scale your practice.

📞 Contact us today to start your SEBI RIA registration.

CA Ramakrishna Sanjay
+91 7760252581

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Director Loan vs Share Capital – Which is Better for Private Limited Companies?

 

💼 Funding Your Private Limited Company? Choose the Right Structure

Promoters often face a strategic decision: introduce funds as Director Loan or Increase Share Capital. Each route has distinct implications on tax efficiency, compliance, ownership, and financial strength.

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🔹 Director Loan – Key Advantages

✅ Quick fund infusion – Immediate after Board approval
✅ No dilution of ownership – Promoter control remains intact
✅ Tax benefit – Interest paid is deductible under Income Tax
✅ Flexible repayment – Can be repaid anytime as mutually agreed
✅ Lower initial compliance cost

⚠️ Considerations:
• Annual DPT-3 filing mandatory
• TDS on interest required (if interest paid)
• Increases company liabilities

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🔹 Share Capital Increase – Key Advantages

✅ Strengthens net worth – Improves financial credibility
✅ No interest burden – Improves cash flow stability
✅ Better for long-term growth
✅ Preferred by banks and investors

⚠️ Considerations:
• Higher compliance – SH-7, PAS-3, MGT-14 filings
• Stamp duty & ROC costs apply
• Ownership dilution possible

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📊 Strategic Recommendation

✔ Short-term funding → Director Loan is efficient
✔ Long-term growth & funding credibility → Share Capital is ideal
✔ Growth companies often start with loans and convert to equity later

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📞 Professional support for Company Funding Structuring, ROC Compliance & Tax Planning

CA Ramakrishna Sanjay
+91 7760252581

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