Monde Nissin Corporation, maker of hit instant noodles Lucky Me!, filed for an initial public offering (IPO) which is said to be the largest “ever” in the Philippines at up to P63 billion ($1.3 billion).

Monde Nissin filed for the listing approval with the Securities and Exchange Commission on Thursday, March 4.

It plans to sell up to 3.6 billion primary shares at a maximum price of P17.50. The overallotment option is up to 540 million shares.

Reuters reported that the planned IPO is set to be larger than Robinsons Retail Holdings Incorporated, which held a record $627-million maiden sale in 2013.

Monde Nissin is known for its products like instant noodles under the Lucky Me! brand, as well as baked goods and biscuits under the Monde, Nissin, Voice, and Bingo brands. Its affiliations include MY San biscuits, Mama Sita, and Dutch Mill milk, yogurt, and real fruit juice.

It bought British meat alternative Quorn in 2015.

Proceeds from the maiden sale will be used to fund capital expenditures and repayment of loans, among others.

UBS Group AG, Citigroup Global Markets Limited, Credit Suisse Group AG, JP Morgan Securities PLC, BDO Capital & Investment Corporation, BPI Capital Corporation, and First Metro Investment Corporation were tapped for the IPO. – Rappler.com

$1 = P48.55