Indian rice maker Amira Nature Foods sets IPO terms

By Renaissance Capital,

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Amira Nature Foods, a processor, distributor and marketer of packaged Indian Basmati rice and snacks, announced terms for its IPO on Thursday. The Dubai, United Arab Emirates-based company plans to raise $126 million by offering 9 million shares at a price range of $13 to $15. At the midpoint of the proposed range, Amira Nature Foods would command a fully diluted market value of $470 million. Amira Nature Foods, which was founded in 1915 and booked $342 million in sales for the 12 months ended 6/30/2012, plans to list on the NYSE under the symbol ANFI. UBS Investment Bank and Deutsche Bank are the joint bookrunners on the deal.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines IPOs
Referenced Stocks: ANFI

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