Seven Companies Led by Anmol Industries and Koolking Industries File Draft Papers With SEBI for Public Listings — September 28, 2026

India's initial public offering (IPO) pipeline is gathering strong pace as seven companies across various industrial segments filed their Draft Red Herring Prospectus (DRHP) documents with the capital markets regulator, the Securities and Exchange Board of India (SEBI). The prospective market entrants span diverse sectors, including biscuits, beer, heating, ventilation, and air conditioning (HVAC) equipment, agricultural machinery, engineering, edible oils, and telecom infrastructure.

The largest planned offering in the cohort comes from packaged food manufacturer Anmol Industries, seeking to raise up to ₹1,800 crore. Meanwhile, several other issuers have outlined fresh equity offerings ranging from ₹300 crore to ₹370 crore alongside promoter offer-for-sale (OFS) components.

Anmol Industries Eyes ₹1,800-Crore Mainboard Debut

Kolkata-headquartered Anmol Industries Limited has filed its draft papers for an IPO valued at up to ₹1,800 crore, structured entirely as an Offer for Sale (OFS). Because the transaction is purely a secondary share sale, the company itself will not receive any capital proceeds.

Key transaction and business details include:

• Selling Shareholder: The issue consists of shares offloaded by the Baijnath Choudhary & Family Trust, which currently controls an approximate 84% stake in the biscuit maker.
• Financial Performance: For the financial year ended March 31, 2026, Anmol Industries posted a fivefold jump in net profit to ₹191 crore, driven by a 28% increase in revenue to ₹2,100 crore.
• Operations and Footprint: Established in 1994, the company markets biscuits, cookies, and cakes across 70 brands and exports products to 31 countries. It operates seven manufacturing facilities across West Bengal, Bihar, Uttar Pradesh, and Odisha.
• Second Attempt: Anmol had earlier received regulatory clearance in 2018 for a ₹750 crore public issue but chose not to proceed at that time.

The company will compete directly on public bourses against listed packaged food peers such as Britannia Industries, ITC, and Mrs. Bectors Food Specialities. Intensive Fiscal Services, ICICI Securities, and IIFL Capital Services are serving as the book-running lead managers.

Koolking Industries Outlines Expansion-Focused Issue

Punjab-based HVAC component supplier Koolking Industries India Limited has submitted its DRHP to fund broad manufacturing additions. The issue comprises a fresh capital issue of up to ₹300 crore along with an OFS of up to 30.50 lakh equity shares offloaded by promoters Sajiv Gopal, Malti Sood, Varun Gopal, and Sugandha Sood.

Planned Fund Utilisation:

• Capital expenditure of ₹138.4 crore to establish three new manufacturing facilities across Malerkotla (Punjab), Sri City (Andhra Pradesh), and Ghiloth (Rajasthan).
• Allocation of ₹14.5 crore towards acquiring new equipment and machinery for existing production sites.
• ₹60 crore allocated for funding ongoing working capital needs, with the remainder slated for general corporate purposes.

Koolking reported a net profit rise of 22.4% to ₹33.2 crore on revenue of ₹526.7 crore for FY26. Keynote Financial Services has been appointed the lead merchant banker for the offering.

Five Additional Issuers Join the Regulatory Pipeline

In addition to Anmol Industries and Koolking Industries, five more firms have submitted draft documents to SEBI:

• Maharashtra Oil Extractions Limited: The Dhule-based edible oil company plans to raise up to ₹370 crore through a combination of a fresh issue and an OFS component.
• Jagatjit Agri Engineering Limited: Ludhiana-based manufacturer of agricultural implements and equipment.
• Mount Everest Breweries Limited: Indore-based alcoholic beverage and brewing enterprise.
• Jai Parvati Forge Limited: Mohali-headquartered forging and precision engineering producer proposing an issue featuring a ₹300-crore fresh issue component.
• S.G. Encon Limited: Haryana-based engineering firm that is seeking to issue up to 71.90 lakh fresh shares alongside an OFS of up to 13.71 lakh equity shares.

Market Outlook

The bunch of filings across varied consumer staples and industrial niches reflects continued appetite among corporate issuers to take advantage of primary market liquidity in India. While pure OFS issues such as Anmol Industries provide complete liquidity exits to long-term promoters, manufacturing-led fresh issues from players like Koolking Industries underscore continued private capital expenditure on new industrial capacity across domestic manufacturing belts.

Tags: Anmol Industries Koolking Industries SEBI Initial Public Offering Primary Market BSE NSE