Adani Wilmar Limited IPO Details Issue Price, Date, News, Allotment Status, GMP, Link, Updates

IPO-Note	Adani Wilmar Limited
Rs 218 – Rs 230  per Equity share	Recommendation: Subscribe

Adani Wilmar Limited IPO Company Profile:

Adani Wilmar is an FMCG Arm of Adani group. AWL is a joint venture incorporated in 1999 between the Adani Group, and the Wilmar Group, Adani Wilmar offer most of the primary kitchen commodities including edible oil, wheat flour, rice, pulses and sugar, which account for approximately 66% of the spending on primary kitchen commodities in India. As of March 31, 2021, the Refined Oil in Consumer Packs market share of its branded edible oil was 18.3%, as dominant No. 1 edible oil brand in India “Fortune”. It has been leveraging its fortune brand name and entering new markets like packaged wheat flour, rice, pulses, besan, sugar, soya chunks and khichdi. Company is among the fastest growing packaged food companies in India, Adani wilmar has 5,590 distributors in India located in 28 states and eight union territories, catering to over 1.6 million retail outlets.

Adani Wilmar Limited IPO Details – 

Issue Details
Objects of the issue	·          Funding Capital Expenditure ·          Repayment of Borrowing ·          Funding future Acquisitions. ·          General Purposes
Issue Size	Total issue Size – Rs.3600 Cr. Offer for Sale – Rs.3600 Cr.
Face value	Rs.1.00 Per Equity Share
Issue Price	Rs. 218 – Rs.230
Bid Lot	65 shares
Listing at	BSE, NSE
Issue Opens:	27th Jan, 2022 – 31st Jan, 2022
QIB	50% of Net Issue Offer
Retail	35% of Net Issue Offer
NIB	15% of Net Issue Offer

 

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Adani Wilmar Limited IPO Strengths:

• Adani wilmar is the leader in edible oil brand.

• Growth in FMCG market is long way to go as per capita income of consumer increase, and this company is one of the fastest growing FMCG Company.

• Company is constantly innovating and entering new market and segment like soap, handwash, sanitizers etc.

• They are the largest olechemical manufacturer of India, which has a strong Pan India presence.

• Strong promoter backing in the name of Adani and Wilmar.

 

Adani Wilmar Limited IPO Financial Performance:

Adani Wilmar Limited IPO Shareholding Pattern:

Shareholding Pattern	Pre- Issue	Post Issue
Promoters & Promoter Group	100%	87.92%
Public	–	12.08%

Adani Wilmar Limited IPO Risk Factors:

• Company deals in very low margin segment.
• All the big company are also entering this market which will impact their revenue company.
• Since company is very much dependent of imported raw material, any disruption in the world can impact supply

Adani Wilmar Limited IPO Outlook:

Adani Wilmar has an integrated business model with well-established operational infrastructure and strong manufacturing capabilities. They have strong raw material sourcing capabilities and have a pan India presence. Adani wilmar portfolio consists of three category edible oil, packaged food and FMCG and industry essentials. A majority of sales pertain to branded products accounting for approximately 73% of edible oil and food and FMCG sales volume for the financial year 2021 Company have 22 plants across the country and the biggest of them all is the Mundra Plant which has capacity of 5000 MT per day. Adani has plan to invest ₹ 2000 crore in their food business and are also looking for acquisition for future expansion. Company is constantly expanding its ecommerce reach. Considering the long term growth prospect, with very strong promoter backing and strong financial performance we recommend SUBSCRIBE to the IPO.

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