Anmol Industries Files for ₹1,800 Crore IPO; Profit Jumps

!Anmol Industries Files for ₹1,800 Crore IPO; Profit Jumps Nearly Fivefold Kolkata-based biscuit maker Anmol Industries has filed draft documents for a proposed ₹1,800 crore IPO, returning to the primary market after its earlier listing plan in 2018. The proposed issue will comprise entirely an Offer for Sale (OFS) by the Baijnath Choudhary & Family Trust, which owns around 84% of the company. Since the IPO does not include a fresh issue of shares, Anmol Industries will not receive any proceeds from the offering. Established in 1994, the company manufactures biscuits, cookies and cakes, with a portfolio of around 70 brands and exports to 31 countries. For the year ended March 31, the company's net profit rose nearly fivefold to ₹191 crore, while revenue increased 28% to around ₹2,100 crore. The latest IPO filing comes as activity in India's primary market gains momentum after a relatively slower first half of the year. Anmol Industries had earlier proposed a ₹750 crore IPO in 2018 and obtained regulatory approval, but the planned listing was subsequently withdrawn. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.