Kolkata -based Anmol Industries Limited has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO) to raise up to Rs 1,800 crore.

The IPO, with a face value of Rs 5, is an offer-for-sale for equity shares up to ₹1,800 crore by promoter – Baijnath Choudhary & Family Trust.

The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not less than 15% and 35% of the net offer is assigned to non-institutional bidders and retail individual bidders respectively.

Incorporated in 2009, the company is a branded packaged foods company in India with a focus on aspirational and premium product offerings. It has a strong presence in biscuits and cookies categories and a growing presence across cakes, bakery products, chocolate-coated wafers, and Indian sweets.

The company is the fourth-largest biscuits brand in India in terms of sales value in Fiscal 2026 (Source – F&S Report). It is the sixth-largest cake brand in India in terms of sales value in Fiscal 2026 (Source: F&S Report). The company is the fastest-growing company among its listed peers in terms of revenue growth, recording a revenue compounded annual growth rate (CAGR) of 21.54% during the period from Fiscal 2024 to Fiscal 2026 (Source: F&S Report).

The company has a legacy since 1994, through a manufacturing facility started under its erstwhile holding company, ABL at Dankuni, and it has established strong brand recall and a meaningful market position in eastern region where it is the third-largest player in the biscuits and cookies market, with 11% to 14% sales-value share in Fiscal 2026 (Source – F&S Report) and has progressively expanded its presence in northern region.

Its regional market position is reflected by its ranking as the second-largest player in the organised biscuits and cookies market in Bihar, with a market share of 18% to 20%, and the second-largest player in Odisha, with a market share of 13% to 15%, in each case by sales value in Fiscal 2026 (Source: F&S Report).

This growth has been driven by its diversified and expanding product portfolio, consistent product quality and competitive pricing, with its presence spanning urban and rural markets. Its product portfolio is also supported by a strong family-pack offering, which contributed 23.85% of its revenue from sale of products in Fiscal 2026, generating revenue of ₹ 4,855.23 million or Rs 485.5 crore.

The company is also the largest regional biscuits brand (excluding national brands) in terms of sales value in fiscal 2026 (Source: F&S Report).

Its product portfolio is anchored in the biscuits and cookies categories, which constitute a significant portion of its revenue, and is complemented by a growing presence in cakes, bakery products, chocolate-coated wafers and Indian sweets. Its products are marketed under its umbrella brand, Anmol, and a portfolio of 70 brands, including Dream Lite, Butter Bake, Marie Plus, 2 in 1, Yummy and Mazza, as of March 31, 2026. The company has developed a diversified product portfolio across multiple price points, pack sizes, and flavours, enabling it to cater to a broad range of consumer consumption occasions, from morning tea and breakfast to evening snacking and post-dinner occasions.

As of March 31, 2026, its product portfolio comprises 188 SKUs, including 159 SKUs in biscuits and cookies, 21 SKUs in cakes and 8 SKUs across other categories.

Its ability to develop, build and scale products and brands is reflected in the performance of its brand, Dream Lite within the biscuits category, which generated revenue exceeding ₹ 6,000 million or Rs 600 crore in Fiscal 2026. Its ability to continuously strengthen its brand and product portfolio is supported by its dedicated in-house research and development team, which focuses on developing new products and variants and expanding into new product categories in line with evolving consumer preferences and consumption occasions.

During the last three fiscals, the company introduced 18 new products across its product categories. The commercial success of its recent product launches demonstrates its ability to identify evolving consumer preferences and scale new offerings. For instance, in Fiscal 2026, its newly launched Multi Grain and Top Royale products generated revenue of ₹ 296.57 million or Rs 29.6 crore and ₹ 255.33 million or Rs 25.5 crore, reflecting strong market acceptance of our new product introductions.

Its product development efforts also support premiumisation across its portfolio through the

introduction of higher-value products and variants designed to address evolving consumer preferences and consumption occasions.

Its sales mix comprises a significant contribution from value packs (SKUs with a maximum retail price (MRP) up to ₹10), which cater to everyday and on-the-go consumption and support volume growth, as well as a meaningful contribution from family packs (SKUs with an MRP above ₹10) suited for family and at-home consumption occasions.

The company has a broad geographic presence across India, with its products available in 4,266 pin codes across 24 states and two union territories. Its extensive distribution network enabled it to reach over 2.10 million retail touch points as of March 31, 2026 (Source: F&S Report), and it has also exported its products to 31 countries during the last three fiscals.

As of the date of this Draft Red Herring Prospectus, the company operates a network of seven manufacturing facilities located across key regions including Uttar Pradesh, Bihar, West Bengal and Odisha.

Its manufacturing facilities have an aggregate installed capacity of 360,965 tonne per annum for biscuits and cookies and 16,372.00 MTPA for cakes as of March 31, 2026.

Its manufacturing operations are supported by technology-enabled processes and defined quality control systems, enabling it to maintain consistent product quality while supporting efficient production. It has been certified and recognised across product quality, food safety and manufacturing standards.

The company’s manufacturing footprint is complemented by a network of nine depots as of March 31, 2026, and subsequent to March 31, 2026, the company added a new depot in Sambalpur, Odisha.

Its operations are supported by an extensive distribution network that facilitates the distribution of its products across urban and rural markets. As of March 31, 2026, the company’s distribution network comprised 1,005 distributors served directly by the company and 3,533 sub-distributors served through 444 super stockists, enabling its products to be available at approximately 2.10 million retail outlets across India (Source: F&S Report).

Its revenue from operations was Rs 2,101.8 crore during FY26 as compared to Rs 1,422.8 during FY24.

Its net profit was Rs 190.9 crore during FY26 as compared to Rs 126.2 crore during FY24.

Intensive Fiscal Services Private Limited, ICICI Securities Limited and IIFL Capital Services Limited are the book-running lead managers, and MUFG Intime India Private Limited is the registrar of the issue.

The equity shares are proposed to be listed on the National Stock Exchange of India Limited and BSE Limited.

DRHP Link: https://www.bseindia.com/corporates/download/328812/IPO%20Prior/DRHP_20260926034814.pdf