Anmol Industries Ltd, branded packaged food company focused on biscuits and cakes in India, files papers for Initial Public Offering (IPO) with SEBI. The offer for sale is worth upto ₹ 750 crore by Baijnath Choudhary & Family Trust, SKG Land Developers LLP Delta Nirman LLP, Anmol Hi-Cool LLP and Puneet Mercantiles LLP. Edelweiss Financial Services Limited, ICICI Securities Limited and Motilal Oswal Investment Advisors Limited are the book running lead managers to the Issue.
Anmol is the fourth largest biscuit brand and fifth largest cake brand in India in terms of revenue. Anmol’s diversified product portfolio contains varieties of biscuits under categories such as crackers, sweet biscuits, health biscuits, cream biscuits and cookies; and varieties of cakes under bar cakes, tiffin cakes, sandwich cakes and cup-cakes.
The company has also established an extensive distribution network across 17 states in India comprising three depots; more than 200 super stockists, who in turn sell its products to more than 2,500 local distributors. Anmol’s biscuits and cakes are being sold in approximately 1.8 million retail outlets in India.