Adani Wilmar IPO date is scheduled for 27 January 2022. The IPO price band is INR218 – 230 per share. The company plans to raise INR3,600 crore by issuing fresh shares and there is no offer for sale (OFS) component from selling shareholders.
The company offers essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses and sugar and is among the largest FMCG companies in India. The company is a joint venture incorporated in 1999 between the Adani Group, which is a multinational diversified business group with significant interests across transport and logistics, and energy and utility sectors, and the Wilmar Group, one of Asia’s leading agribusiness groups which was ranked among the largest listed companies by market capitalization on the Singapore Exchange.
Its product portfolio spans across three categories: (i) edible oil, (ii) packaged food and FMCG, and (iii) industry essentials. As of 31 March 2021, the Refined Oil in Consumer Packs (ROCP) market share of its branded edible oil was of 18.3%, putting it as the leading edible oil brand in India. “Fortune”, its flagship brand, is the largest selling edible oil brand in India. It has also leveraged brands and distribution network to offer a wide array of packaged foods since 2013, including packaged wheat flour, rice, pulses, besan, sugar, soya chunks and ready-to-cook khichdi. The company also offers a diverse range of industry essentials, including oleochemicals, castor oil and its derivatives and de-oiled cakes.
The company has 22 plants strategically located across 10 states in India, comprising 10 crushing units and 18 refineries. Out of the 18 refineries, ten are port-based to facilitate use of imported crude edible oil and reduce transportation costs, while the remaining are located in the hinterland in proximity to raw material production bases to reduce storage costs. Its Mundra refinery is one of the largest single location refineries in India with a designed capacity of 5,000 MT per day. In addition to the 22 plants it owned, Adani Wilmar also used 28 leased tolling units as of 31 March 2021.
The company has the largest distribution network among all the branded edible oil companies in India. As of 31 March 2021, it had 5,566 distributors in 28 states and eight union territories throughout India, catering to over 1.6 million retail outlets. These retail outlets represent approximately 35 % of the retail outlets in India.
Promoters of Adani Wilmar – Adani Enterprises Limited, Adani Commodities LLP and Lence Pte Ltd
Adani Wilmar IPO Date, Size & Price Band
| Adani Wilmar IPO Date | 27 – 31 January 2022 |
| Adani Wilmar IPO Price Band | INR218 – 230 per share Employee discount – INR21 per share |
| Fresh issue | INR3,600 crore |
| Offer For Sale | Nil |
| Total IPO size | INR3,600 crore |
| Minimum bid (lot size) | 65 shares |
| Face Value | INR 1 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Adani Wilmar’s Financial Performance
| FY2019 | FY2020 | FY2021 | H1 FY2022 | |
| Revenue | 28,919.7 | 29,767.0 | 37,195.7 | 24,957.3 |
| Expenses | 28,352.4 | 29,158.0 | 36,439.0 | 24,502.8 |
| Net income | 374.6 | 459.7 | 727.4 | 353.3 |
| Margin (%) | 1.3 | 1.5 | 2.0 | 1.4 |
Adani Wilmar IPO News
Adani Wilmar IPO Timetable
| IPO Opening Date | 27 January 2022 |
| IPO Closing Date | 31 January 2022 |
| Finalisation of Basis of Allotment | 3 February 2022 |
| Initiation of refunds | 4 February 2022 |
| Transfer of shares to demat accounts | 7 February 2022 |
| Listing Date | 8 February 2022 |
| Opening Price on NSE | INR227 per share (down 1.30% from IPO price) |
| Closing Price on NSE | INR268.25 per share (up 16.63% from IPO price) |
Adani Wilmar Valuations & Margins
| FY2019 | FY2020 | FY2021 | |
| EPS | 3.29 | 4.03 | 6.37 |
| PE ratio | – | – | 34.22 – 36.11 |
| RONW (%) | 17.79 | 17.93 | 22.06 |
| ROCE (%) | 12.75 | 12.76 | 11.06 |
| EBITDA (%) | 4.33 | 4.77 | 3.85 |
| Debt/Equity | 0.50 | 0.50 | 0.39 |
| NAV | – | – | 28.86 |
Adani Wilmar IPO Subscription – Live Updates
| Category | Shares Offered | Day 1 | Day 2 | Day 3 |
| QIB | 2,87,43,118 | 0.30 | 0.39 | 5.73 |
| NII | 2,15,57,340 | 0.54 | 0.88 | 56.30 |
| Retail | 5,03,00,459 | 0.96 | 1.85 | 3.92 |
| Employee | 54,31,472 | 0.05 | 0.18 | 0.51 |
| Shareholders | 1,65,13,761 | 0.10 | 0.85 | 33.33 |
| Total | 12,25,46,150 | 0.57 | 1.13 | 17.37 |
Adani Wilmar Competitors & Peers
- Hindustan Unilever Limited
- Britannia Industries Limited
- Tata Consumer Products Limited
- Dabur India Limited
- Marico Limited
- Nestle India Limited
Adani Wilmar Offer Registrar
Link Intime India Private Limited
C-101, 1st Floor,
247 Park, Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai 400 083,
Maharashtra, India
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: www.linkintime.co.in
Adani Wilmar Contact Details
Adani Wilmar Limited
Fortune House, Near Navrangpura Railway Crossing,
Ahmedabad 380009, Gujarat, India
Phone: +91 79 2645584
Email: [email protected]
Website: www.adaniwilmar.com
Adani Wilmar IPO FAQs
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
The best way to apply in Adani Wilmar IPO is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
Adani Wilmar IPO opens on 27 January 2022 and closes on 31 January 2022.
Adani Wilmar IPO allotment is expected to be finalized by 3 February 2022.
Adani Wilmar IPO listing date is 8 February 2022
