Adani Wilmar IPO – Issue Date, Price Band, Details

The date of launch of the Initial public offering (IPO) of Adani Wilmar Limited (AWL) has been revealed. This will be this (2022) year’s second IPO after the IPO of AGS Transact Tech launched recently on 19th January. Adani Wilmar Limited is a Gautam Adani-led Adani Group company. As per the latest updates, the IPO will be opened for subscription from 27th January. 

Is this the continuation of the trend in 2021?

• In the year 2021, we have seen a lot of IPOs, from Zomato to Paytm. Now, in 2022, the trend of 2021 seems to be continued as after AGS Transact Tech, the IPO of Adani Wilmar is to be launched. Apart from this, the IPO of many big companies like LIC is also coming soon.
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Adani Wilmar IPO

• Some facts about Adani Wilmar IPO
  • The size of the Adani Wilmar IPO is Rs 3,600 crore. 
  • The fund collected from this IPO will be used for capital expenditure, debt repayment, and strategic acquisitions and investments.
  • Adani Wilmar is a 50:50 joint venture between the Adani Group and the Singapore-based Wilmar Group.
  • In this case, only new shares will be issued i.e. there will be no sale of shares under Offer for Sale (OFS).
  • The lot size is 65 shares i.e. according to the upper price of the price band, investors will have to invest at least Rs 14,950.
  • The face value per share is Rs. 1.
  • The employees of the company will get a discount of Rs 21.
  • The IPO will be open for subscription from January 27-31.
  • The allotment of shares may be finalized on 3rd February and the listing is fixed on 8th February.

• Adani Wilmar IPO Price

  • Adani Wilmar which sells edible oil and some other FMCG products under the Fortune brand, on Friday fixed a price range of Rs 218-230 per share for its initial public offering (IPO) of Rs 3,600 crore.
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• Adani Wilmar IPO Subscription Date for Anchor Investors
  • The bidding for this IPO will open on January 25 for anchor investors. 

• Adani Wilmar IPO Subscription Date for Common Investors
  • Adani Wilmar’s initial public offering (IPO) of Rs 3,600 crore will open on January 27.

Adani Group Companies

• Six companies of the Adani Group viz. Adani Enterprises, Adani Transmission, Adani Green Energy, Adani Power, Adani Gas, and Adani Ports and Special Economic are already listed in the stock market. Hence, after the listing of Adani Wilmar will be the seventh company of Adani Group to be traded in the stock market.
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Adani Wilmar Company

• Adani Wilmar is a 50:50 joint venture between the Adani Group and the Singapore-based Wilmar Group.
• It is an FMCG food company that sells cooking items like cooking oil, wheat flour, rice, pulses, and sugar. 
• Adani Wilmar plans to aggressively strengthen its position in the food space in near future. The company may acquire companies in the Foods, Staples, and Value Added Product categories.
• According to the company’s data for the September 2021 quarter, the company has 88 depots across the country, which is spread over 18 lakh square feet.
• About the company’s financials, its net profit (Profit After Tax) was Rs 460.87 crore in the financial year 2020, which increased to Rs 727.65 crore in the next financial year 2021.
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