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IPO● Neutral for Indian equities
Anmol Industries files for ₹1,800-crore IPO, entirely an offer for sale
The brief
- Promoter Baijnath Choudhary & Family Trust is selling the shares
- The company is returning to the IPO market after a 2018 attempt
- An offer for sale gives no fresh capital to Anmol Industries’ business or its growth plans
Anmol Industries' ₹1,800-crore IPO
Kolkata-based biscuit maker Anmol Industries has filed draft papers for an IPO of up to ₹1,800 crore, entirely through an offer for sale. The company is returning to the market after a 2018 attempt, with profit reported to have risen five-fold.
Saturday, 26 September
- Anmol Industries files for ₹1,800-crore IPO, entirely an offer for sale