Anmol Industries IPO: ₹1,800 Cr OFS Filed With SEBI
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Anmol Industries has filed for a ₹1,800 crore IPO. It entirely comprises an OFS by its top investor, Baijnath Choudhary & Family Trust, which holds about 84% of the company.
Kolkata-based biscuit maker Anmol Industries has filed draft papers for an Initial Public Offering (IPO) of up to ₹1,800 crore, according to the draft documents.
The proposed issue will be entirely an Offer For Sale (OFS), with no fresh issue of shares by the company. This means the company will not receive any proceeds from the IPO.
Intensive Fiscal Services, ICICI Securities and IIFL Capital Services have been appointed to manage the proposed offering.
Who Is Selling Shares In The Anmol Industries IPO?
The Baijnath Choudhary & Family Trust, which holds around 84% of Anmol Industries, will be the sole selling shareholder in the proposed IPO.
The trust plans to sell its stake through the offer, while the company itself will not issue any new shares.
What Does Anmol Industries Do?
Founded in 1994, Anmol Industries has a portfolio spanning biscuits, cookies and cakes, with products sold under 70 brands.
The company also exports its products to 31 countries. Its net profit increased fivefold to ₹191 crore in the year ended 31 March, while revenue rose 28% to around ₹2,100 crore.
Anmol Industries competes with listed biscuit and packaged-food companies including Britannia Industries, ITC and Mrs Bectors Food Specialities.
These companies provide a listed-market comparison for investors tracking the competitive landscape around the proposed Anmol Industries IPO.
Why Is Anmol Industries Returning To The IPO Market?
The company had previously attempted to list in 2018 through a ₹750 crore IPO and had received approval from the market regulator. However, it did not proceed with the offering at the time.
The latest filing comes as India's primary market activity has picked up after a relatively muted first half of the year.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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