Anmol Industries Limited, a branded packaged food company focussing on biscuits and cakes, has filed papers for an initial public offering (IPO).
The company is based in Kolkata with units in West Bengal, Odisha, Bihar and Uttar Pradesh.
The offer for sale is by Baijnath Choudhary & Family Trust, represented through its trustees aggregating up to ₹ 7,20 crore, by SKG Land Developers LLP aggregating up to ₹ 22.5 million, by Delta Nirman LLP aggregating up to ₹ 4 crore, by Anmol Hi-Cool LLP aggregating up to ₹ 2.5 crore and by Puneet Mercantiles LLP aggregating up to ₹ 0.6 crore.
According to the draft red herring prospectus filed by the company, its operational income stood at ₹ 857.9 crore in the nine- month period ending December 2017 with a net profit of ₹ 61.8 crore. In 2016-17, it had an operational income of ₹ 1,240.8 crore and a net profit of ₹ 71.6 crore.
Edelweiss Financial Services Limited, ICICI Securities Limited and Motilal Oswal Investment Advisors Limited are the BRLMs to the Issue.
AIL is engaged in making cakes and biscuits under “Anmol” brand. Its product basket has 62 varieties of biscuits and 26 varieties of cakes. It has a distribution network across 17 states.
With six manufacturing facilities, located at Dankuni and Panchghara in West Bengal, Greater Noida and Ghaziabad in Uttar Pradesh, Hajipur in Bihar and Bhubaneswar in Odisha, the company has an installed capacity of 294,544 MTPA for biscuits and 8,148 MTPA for cakes.
