Biscuit maker Anmol Industries files draft papers for ₹1,800 crore IPO, makes second attempt to tap public markets
This is Anmol Industries’ second attempt to tap the public markets
Biscuit manufacturer Anmol Industries has filed draft documents with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) valued at up to ₹1,800 crore. The branded packaged foods company, which ranks fourth in India in terms of sales value for biscuits, is making its second attempt to go public.
The IPO will be an offer for sale (OFS) by the sole promoter, Baijnath Choudhary & Family Trust, and will not include any new issue component. This is Anmol Industries' second attempt to tap the public markets, with the company having filed a draft red herring prospectus for an IPO in June 2018, but ultimately not proceeding with the plan.
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Also reported by 2 other outlets
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