Anmol, Devi Seafoods mandate banks for India IPOs

By John Loh
16 Jan 2018

Anmol Industries has hired three banks to lead its flotation in India this year, which could raise around Rp10bn ($156m).

The biscuit manufacturer is working with local shops Edelweiss Financial Services, Motilal Oswal and ICICI Securities to file a draft prospectus within the next few weeks, according to bankers on the transaction.

The Kolkata-based firm headed by entrepreneur Baijnath Choudhary was formed from the merger of Anmol Bakers, ...

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