!Anmol Industries Plans ₹1,800 Crore IPO; Profit Rises Fivefold Kolkata-based biscuit manufacturer Anmol Industries has filed draft papers for an IPO of up to ₹1,800 crore, marking its return to the primary market after an earlier attempt in 2018. The proposed issue will comprise an Offer for Sale (OFS) by the Baijnath Choudhary & Family Trust, which holds around 84% of the company. As there is no fresh issue of shares, Anmol Industries will not receive any proceeds from the IPO. Founded in 1994, Anmol Industries manufactures biscuits, cookies and cakes across around 70 brands and exports its products to 31 countries. The company's net profit increased nearly fivefold to ₹191 crore for the year ended March 31, while revenue grew 28% to approximately ₹2,100 crore. The IPO filing comes amid a pickup in activity in India's primary market following a relatively subdued first half of the year. Anmol Industries had previously planned a ₹750 crore IPO in 2018 and had received regulatory approval, but the company ultimately did not proceed with the listing. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

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