India’s Anmol Industries has filed draft IPO papers with India’s market regulator SEBI, seeking to raise up to ₹18 billion (about $187–188 million), according to multiple reports.
The company is returning to the public markets after an earlier attempt in 2018. Outlets also describe the offering as an offer for sale (OFS), where the promoter entity Baijnath Choudhary & Family Trust sells existing shares rather than issuing fresh stock. As a result, Anmol does not receive IPO proceeds, and the sale is positioned as a promoter reduction rather than a company fundraise.
Different outlets focus on varying details. One outlet emphasizes the planned valuation and the promoter’s ownership stake (reported as about 84%). Others provide additional context on Anmol’s business—biscuit, cookie and cake manufacturing, its portfolio of brands, distribution footprint, overseas exports, and manufacturing capacity—while noting it is led by book-running managers and includes a book-building allocation approach for institutional, non-institutional and retail investors.
