German auto parts manufacturer Mahle GmbH is revisiting plans for an initial public offering of its Indian business, with the process now advancing to specific payment mechanisms. The company has held early discussions with potential advisers about a share sale in Mumbai and is likely to appoint banks and begin preparations for the IPO soon. As reported by The Economic Times, the offering could raise about $300 million to $400 million, though deliberations are ongoing and details including the size of the potential listing could change.
The IPO process has now progressed to include specific payment requirements for investors. According to the latest developments, all investors must mandatorily use only Application Supported by Blocked Amount (ASBA) facility for making payments. This mandatory requirement ensures secure and regulated payment processing for the public offering, as confirmed by the latest issue information.
Mahle operates 11 production locations in India and employed more than 4,600 people there as of 2025, according to its annual report. India was the company's fastest-growing region that year, with sales rising more than 10% to €455 million ($530 million). On an exchange-rate-adjusted basis, revenue increased more than 20%, as reported by The Economic Times. The company manufactures a range of automotive products, including filters, engine components and thermal-management systems.
A representative for Mahle said the company doesn't comment on market speculation, according to The Economic Times. The potential listing would represent another significant multinational company seeking to access India's equity markets, following the trend of global firms listing their Indian operations to capitalize on favorable market conditions and strong investor appetite for international businesses.
