Adani Wilmar Limited IPO: Price Band, Open Date & GMP

Adani Wilmar Limited IPO
Adani Wilmar Limited IPO

Adani Wilmar Limited IPO (Adani Wilmar IPO) Detail

Adani Wilmar Limited has reduced the size of its IPO. The company had earlier planned an IPO size of Rs 4,500 crore, which has now been reduced to Rs 3,600 crore. The entire Rs 3,600 crore fresh issue will be issued under the IPO and there will be no off-for-sale.

Adani Wilmar IPO Subscription Date:

The IPO of this company will open for subscription on January 27, 2022. The last date to subscribe to this IPO is January 31, 2022.

Adani Wilmar IPO Price:

The company has fixed the price band for this IPO. The price band of this IPO has been fixed at Rs 218-230 per share.

Adani Wilmar IPO Lot Size:

If you talk about the lot size of this IPO (Adani Wilmar IPO lot size), then a lot will include 65 shares of the company. In this way, if seen from the upper price band, then you will have to invest Rs 14,950 for one lot. Any retail investor can apply for a minimum of one lot and a maximum of 13 lots.

Adani Wilmar has planned mergers and acquisitions on a large scale. Rs 1,900 crore received through the IPO will be used for capital expenditure. Rs 1,100 crore will be used to repay the loan. The company will spend Rs 500 crore for strategic acquisitions and investments.

Adani Wilmar IPO Listing Date: The company’s shares can be listed on the stock exchanges on February 8, 2022.

Adani Wilmar Limited IPO Table

PARTICULARIPO DETAILS
IPO Open:27 January 2022
IPO Close:31 January 2022
IPO Size:Approx ₹3,600 Crores
Offer for Sale:Approx ₹3,600 Crores
Issue Type:Book Built Issue IPO
Face Value:₹1 Per Equity Share
Price Band:₹218 to ₹230 Per Share
Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
NII Quota:15%
Market Lot:65 Shares

Adani Wilmar Limited is expected to be launched in this month. Of the proceeds of the IPO, Rs 1,900 crore will be used for capital expenditure. At the same time, Rs 1100 crore will be used to repay debt and Rs 500 crore will be used to finance strategic acquisitions and investments.

Adani Wilmar is a 50:50 Joint Venture Company between Ahmedabad-based Adani Group and Singapore-based Wilmar Group. The revenue of this company is Rs 37,195 crore. It is one of the leading food FMCG companies in India. After the IPO, this will be the 7th company of the Adani Group, which will be listed on the stock exchange.

About Adani Wilmar

Adani Wilmar is amongst the top 10 FMCG food companies in India, offering most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses and sugar, and other industry essentials. The 50:50 joint-venture entity between Ahmedabad-based Adani Group and Singapore’s Wilmar International, is not only billionaire Gautam Adani’s flagship consumer goods company. It is also one of the largest fast moving consumer goods (FMCG) giants in the country that is now going public.

Company owns and operates the Fortune brand, which is the largest selling edible oil brand in India with a market share of 18.3%. The company has the largest distribution network among all the branded edible oil companies in India, with a network of 5,566 distributors located in 28 states and eight union territories throughout India, catering to over 1.6 million retail outlets.

Adani Wilmar products: ‘Adani Wilmar’, a company that manufactures edible oil from Fortune brand value Edible oil products, including soyabean oil, palm oil, sunflower oil, rice bran oil, mustard oil, groundnut oil, cottonseed oil, blended oil, vanaspati and specialty fats, Oleochemicals, including stearic acids, soap noodles, palmitic acid, oleic acid and glycerin, which are primary ingredients for home and personal care products, including soaps, detergents, cosmetics, polymer, pharmaceuticals and industrial rubber. Also offer a variety of packaged staple foods, including wheat flour, rice, besan and pulses.

According to the company, its earnings before interest, tax, depreciation and amortisation (EBITDA) has grown by 20.2 per cent compound annual growth rate (CAGR) between FY2015 and FY2020, second only to F&B major Nestle India (22.8 per cent CAGR). But its EBITDA margin fell to 3.8 per cent in FY2021 from 4.8 per cent and lags most of the other FMCG majors. This, despite the company cutting down on its capital expenditure (capex). In FY2021, its capex stood at Rs 460 crore, down from Rs 910 crore two years ago. While net profit margin improved to 1.77 per cent — due to deferment of tax liabilities in FY2021.

Angshu Mallick
CEO & MD, Adani Wilmar Ltd

Adani Wilmar a Joint Venture:

Let us tell you, Adani Wilmar is a joint venture. Which is a joint venture between Adani Wilmar, Adani Enterprises Ltd and Wilmar International Ltd. All of them have equal share.

Adani Wilmar IPO Date & Price Band

Adani Wilmar had already appointed investment banker and legal advisor for its IPO. The company has entrusted the management of its proposed IPO to JP Morgan and Kotak Mahindra Capital and they have been appointed as the lead managers of this IPO.

Adani Wilmar IPO GMP Today

In 2021, the firm claimed a 58 percent year-over-year increase in PAT. In 2021, the PAT was 727.65 crores, up from 460.87 crores in 2020. Revenues grew by 25% year over year.

Adani Wilmar IPO Tentative Timetable

The Adani Wilmar IPO open date is Jan 27, 2022, and the close date is Jan 31, 2022. The allotment date is Feb 03 2022 and the IPO may list on Feb 08 2022.

IPO DETAILSDATE (TENTATIVE)
IPO Open Date:27 January 2022
IPO Close Date:31 January 2022
Basis of Allotment Date:03 February 2022
Initiation of Refunds:04 February 2022
A credit of Shares to Demat Account:07 February 2022
IPO Listing Date:08 February 2022

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