Adani Wilmar Limited IPO (Adani Wilmar IPO)

Adani Wilmar IPO 2021
Upcoming Adani Wilmar IPO | New Adani Wilmar IPO

Established in 1999 as a joint venture between Adani Group and Wilmar Group, Adani Wilmar is a food company FMCG that provides a wide range of kitchen products to Indian consumers, including edible oil, wheat flour, rice, pulses and sugar. The company also supplies a variety of industrial essentials, including oleochemicals, castor oil and its derivatives, and oil-based cakes. The company’s products are offered under a variety of products at all wide prices and are offered to different customer groups.

The company’s product portfolio is organized into (i) edible oil, (ii) integrated food and FMCG, and (iii) industry value. “Fortune”, the company’s leading brand, is India’s largest edible oil producer. Recently the company has focused on value-added products and introduced products such as edible oil products, healthy rice bran oil, processed foods, soy chunks ready for cooking, and khichdi, etc. in line with this. The company has the potential to receive raw materials and has been India’s largest importer of crude oil edible oil since March 31, 2020.

As of the date of this Draft Red Herring Prospectus, the company operates 22 plants located in ten locations in India, with 10 crushing units and 18 cleaning facilities. The company refinery in Mundra is one of India’s largest refineries with a capacity of 5,000 MT per day. In addition to 22 plants Adani Wilmar, has also used 28 rental units from March 31, 2021, to acquire more production capacity. The company’s distributors are located in 28 provinces and 8 union areas across India, with more than 1.6 million retail outlets.

Adani Wilmar IPO

Competitive Strengths

  • Diversified product portfolio with leading brands catering to most daily essentials of an Indian kitchen.
  • Strong brand recall and broad customer reach.
  • Leadership in branded edible oil and packaged food business in India.
  • One of the largest basic oleochemical manufacturers of India.
  • Strong raw material sourcing capabilities from top global suppliers.
  • An integrated business model with well-established operational infrastructure and strong manufacturing capabilities.
  • Pan-India distribution network supported by a robust distribution infrastructure.
  • Focus on environmental and social sustainability.
  • Professional management and experienced board.

Company Promoters

  1. Adani Enterprises Limited
  2. Adani Commodities LLP
  3. Lence pte Limited

Company Financials

ParticularsFor the year/period ended (₹ in Millions)
Total Assets133,266.40117,859.17116,028.71
Total Revenue371,956.58297,669.86289,196.81
Profit After Tax7,276.494,608.723,755.21

Objects Of The Issue

  • Funding capital expenditure for expansion of existing manufacturing facilities and developing new manufacturing facilities (“Capital Expenditure”);
  • Repayment/prepayment of borrowings;
  • Funding strategic acquisitions and investments; and
  • General corporate purposes.
Adani Wilmar IPO
Object Of The Issue

Adani Wilmar IPO Peer Comparison

S. No.Company NamePE
1Hindustan Unilever Limited68.57
2Britannia Industries Limited44.23
3Tata Consumer Products Limited81.32
4Dabur India Limited62.90
5Marico Limited60.21
6Nestle India Limited81.96

Adani Wilmar IPO Risk

  • Unfavorable domestic and worldwide weather patterns could have a negative impact on their operations.
  • They have a wide range of items, especially in three business areas, and their incapacity to manage their diverse activities could harm their business.
  • Their products are commodities, and their prices are vulnerable to volatility, which can have an impact on overall profitability.
  • Exchange rate fluctuations between the Indian rupee and foreign currencies may have a negative impact on their business.
  • Their edible oil business unit generates a large amount of their revenue, and any decrease in demand or production of such goods could have a negative impact on their company.

Other Threats

  • Import restrictions imposed by other countries on their products could have a significant negative impact on their business.
  • They rely substantially on our existing brands, and their dilution could have a negative impact on their business.
  • The COVID-19 pandemic has had an impact on their market, and it may continue to do so.
  • A slowdown or shutdown in their production activities, as well as underutilization of our production unit, could harm their business.
  • Their incapacity to adequately manage their expansion could have a negative impact on their company.
  • Certain legal processes are pending against their company, its directors, promoters, and subsidiaries. Any negative outcome in these proceedings could have a negative impact on their company.

Adani Wilmar IPO – Details

IPO Opening Date27 January 2022
IPO Closing Date31 January 2022
Issue TypeBook Built Issue IPO
Issue SizeRs 3600 Crore
Face Value₹1 per equity share
IPO Price₹218 To ₹230 Per Equity Share
Market Lot65 Shares ( 1 Lot)
Min Order Quantity65 Shares
Listing AtBSE, NSE
RegisterLinkInTime India Private Ltd
Employee Discount21
QIB Shares OfferedNot more than 50% of the net issue
Retail Shares OfferedNot less than 35% of the net issue
NII (HNI) Shares OfferedNot less than 15% of the net issue

Adani Wilmar IPO – Timetable

IPO Open Date27 January 2022
IPO Close Date31 January 2022
Basis of Allotment Date03 February 2022
Initiation of Refunds04 February 2022
Credit of Shares to Demat Account07 February 2022
IPO Listing Date08 February 2022

Adani Wilmar IPO – Lots Size & Price

ApplicationLotsSharesAmount ( Cut-Off)

Promoters Holding

Pre Issue Share Holding100%
Post Issue Share Holding87.92%

Adani Wilmar IPO Prospectus

Company Contact Information

Adani Wilmar Limited

Fortune House,
Near Navrangpura Railway Crossing,
Ahmedabad 380009, Gujarat, India

Phone: +91-79-26455848

Adani Wilmar IPO Registrar

Link Intime India Private Limited

C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg
Vikhroli (West)
Mumbai 400 083, Maharashtra

Telephone: +91 22 4918 6200

Adani Wilmar IPO Lead Manager(s)

1. Kotak Mahindra Capital Company Limited
2. J.P. Morgan India Private Limited
3. BofA Securities India Limited
4. ICICI Securities Limited
5. Credit Suisse Securities (India) Private Limited
6. HDFC Bank
7. BNP Paribas

Adani Wilmar IPO FAQs

When Adani Wilmar IPO will open?

The Adani Wilmar IPO dates are 27 January 2022 To 31 January 2022.
What is the lot size of Adani Wilmar IPO?

Adani Wilmar IPO lot size 65 Shares and the minimum order quantity is ₹14950.
How to apply for Adani Wilmar IPO?

You can apply in Adani Wilmar IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don’t offer banking services.
When is Adani Wilmar IPO listing date?

The Adani Wilmar IPO listing date is announced. The date of Adani Wilmar IPO listing is [8 February 2022].


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