NEW DELHI: IPOs are back in vogue! After a lull of short period, the mainboard IPO platform is buzzing again.
The latest to join the club is Anmol Industries, one of the leading FMCG companies, whose business primarily focuses on biscuits and cakes. The company has filed its DRHP (Draft Red Herring Prospectus) with the Sebi.
The offer comprises an offer for sale by the shareholders. The face value of each equity share is Rs 10. The share sale consists an offer for sale of up to Rs 750 crore.
Edelweiss Financial Services, ICICI Securities and Motilal Oswal Investment Advisors are the book running lead managers while Link Intime India is the registrar to the offer.
About the company
Anmol Industries started its journey in Kolkata in 1994 under the leadership of Baijnath Choudhary. The company's presence has been spread across the Northern, Eastern parts of the country.
Its diversified product portfolio contains 61 varieties of biscuits under categories such as crackers, sweet biscuits, health biscuits, cream biscuits and cookies; and 26 varieties of cakes under bar cakes, tiffin cakes, sandwich cakes and cupcakes. It has products in the premium as well as mass market categories. This apart, the company also manufactures and exports 21 varieties of biscuits.
Baijnath Choudhary is the Chairman Emeritus of the company while Biswanath Choudhary is the Chairman and Whole-Time Director. Dilip Kumar Choudhary is the Vice-Chairman and Whole-Time Director of the company.