Anmol Industries set to float IPO
Kolkata-based company, Anmol Industries Limited, has received approval from SEBI for its IPO. Anmol is one of the leading FMCG companies in India. The company had filed its DRHP in June 2018.
The Initial Public Offering 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 Limited, ICICI Securities Limited and Motilal Oswal Investment Advisors Limited are the BRLMs to the issue.
Anmol Industries Limited is the one of the largest branded packaged food company focused on biscuits and cakes under flagship brand Anmol. Company has over the years leveraged its established brand presence in northern and eastern India, strategic supply chain for an extensive distribution network, diversified product portfolio and consequent value.
Company has established an extensive distribution network across 17 states in India comprising of three depots. Anmol’s biscuits and cakes are being sold in approximately 1.8 million retail outlets in India. In 2017, the firm had restructured its operations by merging Anmol Biscuits, Anmol Bakers and Anmol Industries into one entity by forming Anmol Industries.
Shares of the company are proposed to be listed on both the BSE and the NSE.