The company initiated its business operations in 1999. Adani Group and Wilmar group merged together to form Adani Wilmar. The company is active into producing and distributing the daily used kitchen products such as edible oil, pulses, sugar etc. Its entire product portfolio is presented under three categories :- Industry Essentials, Edible Oil and Packaged Food (FMCG). It has altogether 22 plants present in more than 10 states in India. It has the largest single location refinery in India at Mundra (5000 MT per day).
Its network is spread across 1.6 Million outlets in the retail segment. It has more than 88 depots in India as of today’s date.
IPO DETAILS
Adani Wilmar Limited IPO is set to launch on 27th Jan, 2022. The subscription timeline extends till 31st Jan, 2022. The size for the IPO is 3600 Crore Rs.. No Shares are issued through Fresh Issue. Shares issued through Offer for Sale are worth Rs. 3600 Crore. The lot size is 65 shares and the price range is 218 Rs. – 230 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Re. 1 and this is a book built issue. The registrar for the company is Link Intime India Private Limited.
TABULAR REPRESENTATION OF IPO DETAILS
| IPO OPENING DATE | 27th Jan, 2022 |
| CLOSING DATE FOR IPO | 31st Jan, 2022 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 1 Re. per share |
| IPO price band | 218 Rs. – 230 Rs. |
| LOT SIZE | 65 shares |
| MINIMUM ORDER QUANTITY | 65 shares |
| ISSUE SIZE | 3600 Crore Rs. |
| OFFER FOR SALE | 3600 Crore Rs. |
| FRESH ISSUE | No shares for fresh issue |
| LISTING AT | NSE, BSE |
| LISTING DATE | 8th Feb, 2022 |
IMPORTANT DATES
| IPO OPENING DATE | 27th Jan, 2022 |
| CLOSING DATE FOR IPO | 31st Jan, 2022 |
| IPO ALLOTMENT DATE | 3rd Feb, 2022 |
| REFUNDS | 4th Feb, 2022 |
| DEMAT A/C CREDITED ON | 7th Feb, 2022 |
| IPO LISTING DATE | 8th Feb, 2022 |
Adani Wilmar Limited IPO begins for subscription from 27th Jan, 2022. The IPO subscription would continue till 31st Jan, 2022. The allotment status for the shareholders who applied would come on 3rd Feb, 2022. The refunds for the ones who did not get allotment would be initiated on 4th Feb, 2022. The DEMAT accounts of shareholders would be credited on 7th Feb, 2022. The listing of the company would be accompanied on 8th Feb, 2022
Lead Managers And Promoters
The promoter of the company is Adani Commodities LLP, Adani Enterprises Limited and Lence Pte. Ltd.
The lead managers are :
- JP Morgan India Private Limited
- BNP Paribas
- Credit Suisse Securities India Private Limited
- BofA Securities India Limited
- HDFC Bank Limited
- Kotak Mahindra Capital Company Limited
- ICICI Securities Limited
The minimum lot size for the company is decided at 65 shares. This holding accounts to 14950 Rs.. The maximum lot size is decided at 845 shares. This amounts to 194350 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 65 shares | 14950 Rs |
| Maximum | 845 shares | 194350 Rs |
OBJECTIVES FOR THE IPO
- The funds can be utilised for General corporate purposes.
- Repayment of Borrowings.
- The company has a high amount of capital expenditure ahead for development of new manufacturing facilities.
COMPANY FINANCIALS
| Particulars (in Million Rs.) | Sept. 2021 | 2020-21 | 2019-20 |
| ASSETS | 179372 | 133266 | 117859 |
| REVENUE | 249572 | 371957 | 297669 |
| NET PROFIT | 3572 | 7276 | 4609 |
The financials of the company are excellent even in times of COVID. On one hand where companies are struggling to increase their business and be profitable, Adani Wilmar is beating the odds. The company has been not only increasing its assets with time but also been able to achieve almost 80% growth in profits. Its revenues have been also increasing in a huge amount (80000 Crore Rs.)
The amount of investment in the company and its revenue turnover signifies that the company has been working at 3 times potential than its assets. This is an excellent sign as it defines the turnover ratio Adani Wilmar has. Thus the company has been doing excellent on the financial end.
PROS
- The company has a diversified product portfolio.
- The financials of the company are excellent.
- Its daily production capacity at a single refinery in Mundra is the largest in India.
- Adani Wilmar has a storage space of more than 1.8 Million Sq Ft.
CONS
- The company works in a highly competitive business segment.
Adani Wilmar Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the Adani Wilmar Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
