Anmol Industries has filed for an initial public offering that could raise up to 18 billion rupees, or about $188 million, marking a major step for the biscuit maker founded in 1994. Backed predominantly by the Baijnath Choudhary & Family Trust, which holds 84%, the company is seeking to convert years of growth in revenue and profit into a public-market valuation.
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"Anmol Industries files for $188 million IPO as biscuit maker tests public markets"
Anmol Industries has filed for an initial public offering that could raise up to 18 billion rupees, or about $188 million, marking a major step for the biscuit maker founded in 1994. Backed predominantly by the Baijnath Choudhary & Family Trust, which holds 84%, the company is seeking to convert years of growth in revenue and profit into a public-market valuation.
Anmol Industries files for $188 million IPO as biscuit maker tests public markets
R
RDU Global Wire
Macro Economy & Fiscal Policy Desk
New Delhi, India Just now (05:31 PM IST)•5 min read
Anmol Industries has filed for an initial public offering that could raise up to 18 billion rupees, or about $188 million, marking a major step for the biscuit maker founded in 1994. Backed predominantly by the Baijnath Choudhary & Family Trust, which holds 84%, the company is seeking to convert years of growth in revenue and profit into a public-market valuation.
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