Carlyle Group is preparing for a potential initial public offering of its India-based auto-parts platform, Highway Roop Precision Technologies, people familiar with the matter say. Bloomberg reports the firm has started preparations for an offering that could raise about $400 million.
Other reporting adds that Carlyle is working with multiple investment banks, including Kotak Mahindra Capital, JM Financial, Goldman Sachs and Nomura, on the proposed share sale. The IPO is expected to be considered for the first half of next year, subject to market conditions, and it could involve a mix of fresh equity issuance and shares sold by existing investors.
The sources also note that key terms—such as the final size, valuation and timing—are still under discussion and could change. They further situate the plan within a broader revival in India’s IPO market, and mention that Carlyle is evaluating possible listings of other India portfolio companies. No representatives of Carlyle or the banks cited in the reporting have commented on the development.
