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.
