25 September 2018 | News | By NFS Correspondent
Kolkata-based biscuit maker Anmol Industries Ltd has received regulatory nod to float an initial public offering (IPO), almost three months after it filed for an IPO. The firm had restructured its operations in 2017, merging Anmol Biscuits, Anmol Bakers and Anmol Industries into one entity Anmol Industries.
Anmol’s IPO proposes to sell investors’ shares worth up to Rs 750 crore. In the offering, the promoters will sell the majority of the shares.
The investors which will sell shares in the IPO include Baijnath Choudhary & Family Trust (Rs 720.4 crore), SKG Land Developers LLP (Rs 22.5 crore), Delta Nirman LLP (Rs 4 crore), Anmol Hi-Cool LLP (Rs 2.5 crore), and Puneet Mercantiles LLP (Rs 60 lakh).
Anmol has six facilities at Dankuni and Panchghara in West Bengal, Greater Noida and Ghaziabad in Uttar Pradesh, Hajipur in Bihar and Bhubaneswar in Odisha. It has a distribution network across 17 states in India comprising three depots and more than 200 stockists, who sell products to more than 2,500 distributors.