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Kolkata-based biscuits maker Anmol Industries has filed draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering.
The maker of biscuits, cakes and cookies, plans to go public with an offer-for-sale of up to ₹750 crore by Baijnath Choudhary & Family Trust (₹720 crore), SKG Land Developers (₹22 crore), Delta Nirman (₹4 crore), Anmol Hi-Cool (₹2.5 crore) and Puneet Mercantiles (₹60 lakh).
Edelweiss Financial Services, ICICI Securities and Motilal Oswal Investment Advisors are the book running lead managers to the issue.
According to the DRHP filed by the company, for the nine months ended December 2017, its total income was close to ₹858 crore and net profit was around ₹62 crore. For financial year 2016-17, the company had a total income of ₹1,240 crore and a net profit of around ₹72 crore.
According to PC Tibrewal, Chief Financial Officer, Anmol Industries, the company has established a brand presence in northern and eastern India and is looking to diversify into southern and western markets.
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