Anmol Industries, a packaged foods biscuit and bakery company, files draft IPO papers with India’s market regulator SEBI, marking a step toward a stock market listing. Outlets report the proposed offer size as about ₹1,800 crore, with one source citing an IPO valuation target of up to ₹18 billion rupees.
The draft filings indicate the IPO is an offer for sale by the company’s promoter, the Baijnath Choudhary & Family Trust, and that the company does not receive proceeds from the issue. The filings also describe the business footprint, with Anmol selling biscuits, cookies, cakes, chocolate-coated wafers and Indian sweets, and operating seven factories across Uttar Pradesh, Bihar, West Bengal and Odisha.
Across the reports, details of growth and scale are consistent: revenue from operations rises over the cited period, and net profit increases as well. The company’s distribution network reaches thousands of pin codes and a large number of retail outlets. The differing emphasis is mainly on IPO size and valuation framing, while both accounts tie the filing to the same promoter-led offer-for-sale structure and the company’s recent financial and operating expansion.
