Biscuit maker Anmol Industries receives approval for IPO

Anmol Industries, a branded packaged food company focused on biscuits and cakes, has received approval from markets regulator SEBI for its initial public offering (IPO). The Kolkata-based company filed the DRHP (draft red herring prospectus) for the IPO in June.

The IPO would aggregate up to Rs 750 crore through an offer for sale.

The offer for sale would be by Baijnath Choudhary & Family Trust, represented through its trustees aggregating up to Rs 720.4 crore, by SKG Land Developers LLP aggregating up to Rs 22.5 crore, by Delta Nirman LLP aggregating up to Rs 4 crore, by Anmol Hi-Cool LLP aggregating up to Rs 2.5 crore and by Puneet Mercantiles LLP aggregating up to Rs 60 lakh.

Edelweiss Financial Services Limited, ICICI Securities Limited and Motilal OswalInvestment Advisors Limited are the BRLMs (Book Running Lead Managers) to the issue.

Source:-https://retail.economictimes.indiatimes.com/news/food-entertainment/personal-care-pet-supplies-liquor/biscuit-maker-anmol-industries-receives-approval-for-ipo/65945697

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