Adani Wilmar IPO Details, Dates, Issue Size, Financials

Adani Wilmar IPO Review – Largest FMCG IPO Details, Dates, Issue Size, Financials, Facts

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Adani Wilmar IPO Details 2022

Adani Wilmar IPO: Company Overview

Adani Wilmar Limited is one of the prominent FMCG food companies in India that provides a wide range of essential kitchen items to Indian consumers, like edible oil, rice, flour, pulses and sugar etc.The company was Incorporated in January 1999  in Ahmedabad. Adani Wilmar has grown to become the largest consumer oil consumer in the country for the past two decades. Currently, it has leadership positions in the components of soy, mustard and palm oil. Its products are offered under a wide variety of products at different prices and cater to different groups of customers. It is estimated to have annual sales of nearly Rs 4 lakh crore, which is surely Adani Wilmar Limited’s biggest asset.

Adani Wilmar IPO: IPO Details

The Adani Wilmar IPO The company aims to raise Rs 3,600 crore in the market by issuing new shares. The price of the release, which will be sold at a face value of Rs 1 per equity share, is yet to be determined. According to ipowatch, the company’s gray market premium is currently at Rs 75.

Adani Wilmar IPO: Subscription Details

The date of the Adani Wilmar IPO is announced after the approval of its proposal. According to market reports, the offer has fixed a price band of Rs. 218 to Rs. 230 released for registration by the end of January 2022. Investors can bid for at least 69 shares and multiples. Knowledgeable investors can invest a minimum of Rs 14,950 at one time and a maximum of Rs 1,94,350 in 13 lots. A single investor can apply for up to 13 lots. There are special discounts of Rs. 21 for employees of the company.

Adani Wilmar IPO: Objectives

The proceeds from the new issue will be used to finance building costs to expand existing production facilities and to develop new production facilities, debt repayment, strategic acquisition and investment, and general business objectives.

Adani Wilmar IPO: Promoters

  • Adani Enterpriss Ltd
  • Adani Commodities Ltd
  • Lence Pte Ltd 

Adani Wilmar IPO: Offer Allocation

  • 50% of issues are addressed to professional institutional buyers and
  • 15% to non-institutional clients.
  • 35% to retail investors of the issue.

Adani Wilmar IPO: Outlooks and Expansions

Wilmar Group also leads on agribusiness sectors which were listed since February 2021 among the largest companies as per market capitalization on the Singapore Exchange. As a joint venture between Adani Group and Wilmar Group,  It can benefit from strong parentage. Currently, The company has become largest importer of Crude Edible Oil and Lauric fat manufacturers, exporters of oleochemicals in India. It has leadership positions in segments like soyabean, mustard, and palm oil.  Adani Wilmar Limited(AWL) will become the third-largest listed FMCG company by revenue, only behind ITC and Hindustan Unilever. It is also one of the fastest growing FMCG(consumer goods retailers) in the country.

Adani Wilmar IPO: Financial Highlights

 FY18-19FY19-20  FY20-21
Revenue from Operations288022965737090
EBITDA~1200~1400~1400
Net Profit365.2394.6654.6

Source: BusinessToday

Adani Wilmar IPO: Issue Overview

Issue Date27, January, 2022
Price BandRs. 218-230
Bid Lot65shares/Lot
Issue Size₹3,600 crore
Face Value₹1 per Equity Share

Adani Wilmar IPO: Competitive Peers

Face Value (Rs.)P/E
Adani Wilmar Limited1 Update Soon
Listed Peers
Hindustan Unilever Limited168.48
Nestle India Limited1082
Tata Consumer Products Limited181.38
Dabur India Limited162.83
Britannia Industries Limited144.43

Adani Wilmar IPO: Lead Manager(s)

  • HDFC Bank Limited,
  • BNP Paribas,
  • Credit Suisse Securities (India) Private Limited,
  • BofA Securities India Limited,
  • Kotak Mahindra Capital Company Limited,
  • ICICI Securities Limited,
  • J.P. Morgan India Private Limited

Adani Wilmar IPO: Listing And Allotment Status

Trading will commence from February 8, 2022, on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). The allotment of shares will be finalized by February 3, 2022 and the unsuccessful investors will be returned to their bank accounts by February 4, 2022 . The letter that holds the lead managers in the case is JM Financials, DAM Capital and Axis Capital.

Read Also: Axis CPSE Plus SDL 2025 70:30 Debt Index Fund Review- Date, Type, Investment Pattern.

Disclaimer
All the information are used for education purpose only. Investing in IPO poses a risk of financial losses. Investors must therefore exercise due caution. InvestoAxis is not liable or responsible for any losses caused as a result of decisions based on the article.

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