ANMOL INDIA LTD IPO FULLY SUBSCRIBED

14 February 2019: The BSE SME initial public issue (IPO) of Anmol India Limited, engaged in the business of energy solutions and supplying High GCV USA Coal, Indonesian coal, Petroleum coke among others, successfully subscribed 1.48 times at the end of closing day today. The HNI and Retail portion subscribed 1.45 and 1.56 times, respectively.  The issue which opened on 12 February 2019, comprises a Fresh Issue of 31,00,000 Equity Shares of face value of Rs 10/- each for cash at a price of INR 33/- per equity share aggregating to INR 102.3 million. The proceeds from IPO will be utilized to part finance working capital requirements of the Company; meet General corporate purposes and the expenses of the Issue.

Share India Capital Services Private Limited is the lead manger to the issue.

Mr Abhinav Gupta, President, Share India Capital Service said “Anmol India Ltd is our 1st IPO mandate as a merchant banker and we are very happy with the super response from the Investors. The Company has quality fundamentals and high potential for accelerated growth, and as expected the issue was able to attract strong response not only from the HNIs but also the retail investors”

Mr Vijay Kumar, Managing Director, Anmol India Ltd, said “We are very happy with the successful subscription of our maiden IPO. We thank all our investors for their trust, support and strong response.  We also thank our merchant banker and team members for their hard work   and relentless efforts in making the IPO successful”     

 “Since inception in 1998, Anmol India has made itself a trusted brand among clients located in over 100 different locations in India. Initially serving only brick kiln industry and Coal traders, today the Company caters to the demand of over a dozen different types of industries and trades both in Coal and Pet Coke” Mr Goel , added

The Company’s total revenue for the fiscal 2016, 2017, 2018 and H1FY19 ended 30, September 2018, stood at  INR 1898.09 million, INR 1864.95 million, INE 2992.42 million and INR 2630.64 million respectively. The net profit for these periods stood at INR 8.26 million, INR 10.88 million, INR 26.23 million and INR 17.18 million, respectively.

Leave a Reply

Your email address will not be published. Required fields are marked *