Kolkata-based biscuit maker Anmol Industries has filed preliminary papers for an Rs 1,800 crore IPO. This is an offer-for-sale by the promoter trust, meaning the company will not receive funds from the issue. The firm reported a net profit of Rs 191 crore in the last fiscal year. Investors may track how it competes with giants like Britannia and ITC in the crowded Indian snack market.
Kolkata-based biscuit and snack manufacturer Anmol Industries has revived its plans to go public, filing preliminary papers for an initial public offering (IPO) worth Rs 1,800 crore. This move marks the company's second attempt to list on Indian stock exchanges after it withdrew a previous plan in 2018. The company has a long history, having been founded in 1994, and now sells its products across domestic markets and exports to 31 countries.
The proposed IPO is structured entirely as an offer-for-sale by the Baijnath Choudhary & Family Trust, the company’s main promoter, which currently holds an 84% stake. Because it is an offer-for-sale, the company will not receive any proceeds from the share sale; instead, the money will go directly to the selling shareholder. This structure means investors are buying shares from existing owners rather than funding new company expansion through this IPO.
Financial performance has been a key highlight in the company's draft papers. For the fiscal year ending March 31, Anmol Industries reported a net profit of Rs 191 crore, which is a five-fold jump from the previous period. Total revenue for the same timeframe reached approximately Rs 2,100 crore, reflecting a 28% increase. These figures highlight the company's growth as it expands its footprint in the fast-moving consumer goods sector.
Operating in the Indian biscuit and snack market, Anmol Industries competes directly with major established players, including Britannia Industries, ITC, and Mrs. Bectors Food Specialities. These incumbents have deep distribution networks and strong brand recognition, which are crucial factors in the food industry. Anmol Industries' success in a public listing will likely depend on its ability to sustain profit margins, manage raw material price fluctuations, and effectively compete against these larger rivals.
Investors may monitor the company's ability to maintain its recent profit growth as it faces stiff competition. The previous withdrawal of the IPO in 2018 serves as a reminder that market conditions and internal strategies play a large role in a successful public listing. The offering is being managed by a team of bankers including Intensive Fiscal Services, ICICI Securities, and IIFL Capital Services. Further updates on the final pricing and launch schedule will be important for potential investors to track.