IPO in 2 years Imami Agrotech Planning IPO, Food Business

Emami Group’s 20,000 crore edible oil and food arm, Imami Agrotech Limited, expects to hit the capital market with its initial public offer (IPO) in the next two years, when it wants to be a total food company, Aditya Agarwal of the group said.

As part of this, the Emami Agrotech MK Kinse and who have proceeded to give its expansion charts to the diet, including many categories, such as staples and ready-to-be-grown. On Tuesday, the company entered the branded staples market by rushing to packaged Atta, Meda and Suji.

“With this launch, the food business will increase from 400 crore to Rs 2,000 crore in three years,” Agarwal told the newspers on Tuesday. The Emami Agrotch made a profit of Rs 200 crore in the last financial year.

Director of Emami Group Visha V. Agarwal said the company wants to keep the whole game in food from the kitchen to the dining table. He said that the company is monitoring multiple food categories for expansion – ready to eat, more varieties of snacks, sauces, staples. A large part of the income comes from about 19,000 million-milk oils and is balanceed from food products like spices, soy chunk and bio-diesel.

While the company sells its edible oil in Uttar Pradesh, Delhi, Haryana and Punjab, food products are most limited to the east. However, this series will be expanded at the national level.