Adani Wilmar IPO Review, Dates, Size, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 15, 2022Adani Wilmar Group, a joint venture entity that instituted its operations in the year 1999 with a diversified product portfolio and has been outdoing ever since is now setting the floor to introduce its IPO.
The Group operates as a FMCG goods company and embraces a buffet of products from edible oil to packaged food and has recently made an entrance to varied value-added packaged food items expanding their customer base.
The Adani Wilmar Group IPO will comprise of a fresh issue worth Rs. 3,600 crore which earlier was Rs. 4500 crores. The IPO will open on January 27th and will remain open till January 31st.
Adani Wilmar Group IPO Review will help you in estimating the merits of the investment.
| Face Value | Rs 1 |
| Price Band | Rs 218 – Rs 230 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 65 Shares |
| Listing Date | Feb 8, 2022 |
| Offer for Sale | – |
| Fresh Issue | Rs. 3,600 Crore |
| IPO Size | Rs. 3,600 Crore |
| Tick Size | 1 |
Adani Wilmar IPO Overview
The Adani Wilmar Group IPO will be opening in 2 days i.e., 27th January.
With this approaching IPO, Adani Wilmar Group will become the seventh entity of Adani Group to join in the exchange with others being Adani Total Gas, Adani Power, Adani Ports, and Special Economic Zone, Adani Green Energy, Adani Enterprises, and Adani Transmission.
The IPO will comprise of a fresh issue worth Rs. 3,600 crore whose price band has been gauged as Rs. 218-230.
Adani Wilmar IPO Important Dates
| Events | Date |
| IPO Opening Date | Jan 27, 2022 |
| IPO Closing Date | Jan 31, 2022 |
| Basis of Allotment Finalization | Feb 3, 2022 |
| Refunds Initiation | Feb 4, 2022 |
| Credit of Shares to Demat Account | Feb 7, 2022 |
| Share Listing Date | Feb 8, 2022 |
Adani Wilmar Group IPO will enter the market on 27th January and will remain open for placing the bids till 31st January. The IPO will be opening after Republic Day.
The basis of allotment in respect of the IPO will be determined on 3rd February according to the response and in consultation with experts. Subsequently, the shares will be credited to the account of the allotees by 7th February and the shares will be listed on the next day.
All the interested bidders shall place the bids within the span of time as specified for the allotment of shares.
Adani Wilmar IPO Price, Size, Share Offerings
| Face Value | Rs.1 |
| Price Band | Rs.218 to Rs.230 |
| Offer for Sale | – |
| Fresh Issue | Rs. 3,600 Crore |
| IPO Size | Rs. 3,600 Crore |
With this IPO, Adani Wilmar Group will be offering shares worth Rs. 3,600 crore to the general public.
The Adani Wilmar Group Price and Adani Wilmar Group IPO Size will be determined by the book building process and the price band for the same has been resolved as Rs. 218-230. The face value of the offered shares is Rs. 1.
The underwriters will determine the price of the shares as per the demand placed by the different bidders and thereafter allotment will be done accordingly.
Adani Wilmar IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| 08 February 2022 | Rs 25 | Rs 400 | Rs 1000 |
| 07 February 2022 | Rs 30 | Rs 400 | Rs 1000 |
| 06 February 2022 | Rs 30 | Rs 400 | Rs 1000 |
| 05 February 2022 | Rs 30 | Rs 400 | Rs 1000 |
| 04 February 2022 | Rs 35 | Rs 400 | Rs 1000 |
| 03 February 2022 | Rs 40 | Rs 400 | Rs 1000 |
| 02 February 2022 | Rs 40 | Rs 400 | Rs 1000 |
| 01 February 2022 | Rs 30 | Rs 400 | Rs 1000 |
| 31 January 2022 | Rs 30 | Rs 500 | Rs 1500 |
| 30 January 2022 | Rs 40 | Rs 500 | Rs 1500 |
| 29 January 2022 | Rs 40 | Rs 500 | Rs 1500 |
| 28 January 2022 | Rs 50 | Rs 500 | Rs 1500 |
| 27 January 2022 | Rs 50 | Rs 500 | Rs 1500 |
| 26 January 2022 | Rs 50 | Rs 500 | Rs 1500 |
| 25 January 2022 | Rs 50 | Rs 500 | Rs 1500 |
| 24 January 2022 | Rs 70 | Rs 700 | Rs 2000 |
| 23 January 2022 | Rs 100 | Rs 1000 | Rs 3500 |
| 22 January 2022 | Rs 100 | Rs 1000 | Rs 3500 |
| 21 January 2022 | Rs 100 | Rs 1000 | Rs 4000 |
The last updated Adani Wilmar Group GMP is Rs. 25. The investors observe the Grey market Premium closely to estimate the price of the share post listing.
The Grey market is an unofficial market where the shares are traded, usually before the listing takes place on the stock exchanges.
Also, it is interesting to note that the Kostak rate for the IPO is Rs. 400 and the Subject to Sauda for the IPO is Rs. 1000.
Adani Wilmar IPO Subscription Status
| Day / Date | QIB | NII | RII | Emp | Others | Total Subscription |
| 1st Day – 27th Jan | 0.30x | 0.54x | 0.96x | 0.05x | 0.10x | 0.57x |
| 2nd Day – 28th Jan | 0.39x | 0.88x | 1.85x | 0.18x | 0.85x | 1.13x |
| 3rd Day – 31st Jan | 5.73x | 56.30x | 3.92x | 0.51x | 33.33x | 17.37x |
| Shares Offered or Net Issue | 28,743,118 | 21,557,340 | 50,300,459 | 5,431,472 | 16,513,761 | 122,546,150 |
The reserved portion for the QIBs under the Adani Wilmar Group IPO is 50%. Whereas for the Non-Institutional buyers, it shall be 15% and for the Retail Investors, it will be upto 35% of the IPO.
The minimum order quantity for placing the bids shall be 65 shares and subsequently in lots of 65 shares.
Further, the Adani Wilmar Group Subscription status will be updated as the IPO will list on the board and will be made available shortly.
The Lead Managers of the issue are:
- Kotak Mahindra Capital Company Limited
- J.P. Morgan India Private Limited
- BofA Securities India Limited
- Credit Suisse Securities (India) Private Limited
- ICICI Securities Limited
- HDFC Bank Limited
- BNP Paribas
The details in respect of the price band and subscription will be made available in a short time.
For the Latest Bid details click on the above links.
- Adani Wilmar IPO LIVE Bid details on BSE
- Adani Wilmar IPO LIVE Bid details on NSE
Adani Wilmar IPO Allotment Status
The bids can be placed for the Adani Wilmar Group IPO Allotment from 27th January.
Once all the bids are received, the entity in consultation with the underwriters and experts will determine the price and allotment procedure.
Link Intime India Private Limited is the Registrar for the issue.
Adani Wilmar IPO Live Performance
Want to know how the IPO is performing currently, click on the link given below and check the Adani Wilmar IPO Live Performance. All the specifications are updated continuously.
Subscribe to Adani Wilmar IPO – Open Free Demat Account Now!
Latest Adani Wilmar IPO News
Adani Wilmar Group IPO was listed on 8th February. The company offered shares worth Rs. 3600 crore via an Offer for Sale and the IPO was subscribed 17.4 times by the public.
The company’s shares were closed 15.3% higher against its IPO price of Rs. 230. The equity shares were listed at Rs. 265.20.
On BSE, Adani Wilmar Group shares were listed at a 3.9% discount at Rs. 221. On the other hand, with a 1% discount the company’s shares got listed at a price of Rs. 227 on NSE.
Soon after the listing, the shares price started rising and reach upto 20% higher of its IPO price.
Adani Wilmar – Company Review
The Adani Wilmar Group is an FMCG food company operating prominently since 1999.
The forerunner brand of the Group, Fortune oil occupies around 20% of the market share of India and has been used by millions of households in India.
A trusted brand striving continuously to make its customer’s daily lives more convenient by offering a wide range of products fabricated optimistically.
The Group happens to be one of the fastest-growing companies proffering packaged food and has been reported a 58% YOY growth for the year 2021.
Interesting, Adani Wilmar Group is the largest manufacturer and exporter of castor oil in India.
Products or Services
The Group has a very varied product line from cooking oil, wheat flour to some of the recently emerged products like rice bran health oil, fortified foods, ready-to-cook soya chunks, khichdi, etc.
Not limited to these, the company also leads operations in industry essentials.
The company has a strong raw material capacity and extends its reach to 28 states and 8 union territories of India accommodating Pan India spread of business.
Promoters and Holding
The Promoters of the Adani Wilmar Group are:
- Adani Enterprises Limited
- Adani Commodities LLP
- Lence Pte Ltd.
The Management of the Group comprises of:
- Kuok Khoon Hong holding the position of Non-Executive Chairman.
- Angshu Mallick holding the position of Chief Executive Officer and Managing Director
- Pranav Vinod Adani holding the position of Non-Executive Director
Is Adani Wilmar good for Investment?
The Adani Wilmar Group is a prosperous growing entity whose products are appreciated by its customers.
The Group expands its operations throughout India and has a dominant customer base.
The product portfolio includes edible oil, packaged food and FMCG, and industry essentials.
Adani Wilmar Financial Statements
| Amount (in INR & Million) | |||||
| 30-Sept-21 | 30-Sept-20 | 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Assets | 179,237.07 | 139,279.12 | 133,266.39 | 117,859.17 | 116,028.71 |
| Revenue | 249,572.86 | 162,737.33 | 371,956.58 | 297,669.86 | 289,196.81 |
| Expense | 245,028.09 | 158,911.40 | 364,390.17 | 291,579.73 | 283,524.29 |
| Profit After Tax | 3,571.33 | 2,887.89 | 7,276.49 | 4,608.72 | 3,755.2 |
The entity reported a profit after tax for the year ending March 2021 of Rs. 727.65 crores. The entity has a positive EPS of Rs. 6.37 for the financial year 2021. The company is attempting to diversify its product line and offer a variety of products to its customers.
It is one of the fastest-growing and is preparing in full swing to raise Rs. 3,600 crore from the public with the fresh issue of shares.
As per the DRHP, the proceedings of the IPO will be utilized towards repayment of outstanding debts and effecting strategic acquisitions and investments for the growth of the company.
Despite of COVID and other adverse incidental circumstances, the company has successfully maintained its viability and stability.
The dependency of the public on the Adani Wilmar Group is substantial and is growing over time.
As per the DRHP, the company will deploy about Rs. 450 crores of the IPO for fund acquisitions and investment.
| Earnings per Equity Share (in Million) | |||||
| 30-Sept-21 | 30-Sept-20 | 31-Mar-21 | 31-Mar-20 | Mar-19 | |
| Basic & Diluted | 3.12 | 2.53 | 6.37 | 4.03 | 3.29 |
Adani Wilmar IPO Review
Post the proposed IPO, Adani Wilmar Group will become Adani Group’s seventh entity to be listed on the mainboard. The IPO will result in opening high prospects of long-term stability and growth for the Group.
The entity has an enormous spread over the market which is why the IPO is likely to turn favourable.
The Adani Wilmar Group is known for its high-quality products and wide range. The investors are keen to evidence how the IPO will prosper the entity and their investment.
Though the GMP of the IPO has shown a downslope, the investors are expecting a positive outcome from the listing.
Adani Wilmar IPO Details
Here are a few more details you need to know before investing in Adani Wilmar IPO –
Adani Wilmar IPO Issue Object
Adani Wilmar has proposed diverse objectives for making the IPO offer and some of the objectives are:
1. Funding capital expenditure for expansion of our existing manufacturing facilities and developing new manufacturing facilities (“Capital Expenditure”);
2. Repayment/prepayment of our borrowings;
3. Funding strategic acquisitions and investments; and
4. General corporate purposes.
Adani Wilmar IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Our differentiated and diversified product portfolio with market-leading brands to capture a large share of kitchen spends across India
- One of India’s leading consumer product companies with leadership in edible oil and packaged food business
- One of the leading market positions in industry essentials
- Strong raw material sourcing capabilities;
- Integrated business model with well-established operational infrastructure and strong manufacturing capabilities;
- Extensive pan-India distribution network;
- Focus on environmental and social sustainability; and
- Strong parentage with professional management and experienced board
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 6.37 | 22.06 | 28.86 |
| 31-Mar-20 | 4.03 | 17.93 | – |
| Mar-19 | 3.29 | 17.79 | – |
Adani Wilmar IPO Lead Managers
Here are the list of Lead managers –
- Kotak Mahindra Capital Company Limited
- J.P. Morgan India Private Limited
- BofA Securities India Limited
- Credit Suisse Securities (India) Private Limited
- ICICI Securities Limited
- HDFC Bank Limited
- BNP Paribas
Adani Wilmar IPO Registrar to offer
Check out the details of registrar here –
Link Intime India Private Limited
Address – C 101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai 400083, Maharashtra, India
Tel: +91 22 4918 6200
E-mail: adaniwilmar.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor grievance E-mail: adaniwilmar.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Adani Wilmar IPO – Other Details
- Statutory Auditor – M/s Shah Dhandharia & Co. LLP, Chartered Accountants
- Legal Counsel to the Company – Cyril Amarchand Mangaldas
- Bankers to the Company – Axis Bank Limited, Bank of Baroda, Coöperatieve Rabobank U.A., Hong Kong Branch, Coöperatieve Rabobank U.A., Mumbai Branch, Export-Import Bank of India etc
Adani Wilmar IPO Verdict by Stock Brokers
Angel One: Adani Wilmar has been successfully leveraging the sourcing capabilities of Wilmar Group.
Its strong foothold in the domestic and international market emerges as a reliable upside for investors. Collectively, these pointers indicate a strong possibility of generating higher revenue and achieving organic growth.
Accordingly, these catalysts make Adani Wilmar a lucrative investment option for stag investors.
Adani Wilmar IPO – Conclusion
Adani Groups stocks are usually cherished by investors so far. So, we can expect the same for the upcoming IPO. The Adani Wilmar Group has the leverage of having a nationwide distribution channel and a significant customer base.
The investors can invest in the Adani Wilmar Group IPO with the aspect of holding it as a long-term investment. The entity has shown incredible growth in its operations as well financial statements year on year. The company is reliable and attempting towards acknowledging advancements and restructuring which the circumstances demand.
The entity is also emphasizing on materialistic subjects like environment and social sustainability.
To Subscribe to Adani Wilmar IPO – Open Demat Account Now!
Adani Wilmar IPO Review FAQs
Check out the FAQs on Adani Wilmar IPO –
What is the Issue Size of Adani Wilmar IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article.
You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Adani Wilmar IPO?
The price band for this particular IPO ranges between Rs.218 to Rs.230. As far as the face value of the share is of concern, it is Rs.1 per share.
What is the Adani Wilmar IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Jan 27, 2022, while the closing date is set at Jan 31, 2022.
What is the Adani Wilmar IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on Feb 3, 2022, refund initiation is on Feb 4, 2022, credit of shares is on Feb 7, 2022, and share listing date is on Feb 8, 2022.
What is the Adani Wilmar IPO Listing Date?
Shares of this company shall be listed in the exchanges on Feb 8, 2022. The date, when the listing would be done, is stagnant on Feb 8, 2022.
Who is the Registrar of Adani Wilmar IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Adani Wilmar IPO?
Here are the promoters of this IPO – ADANI ENTERPRISES LIMITED, ADANI COMMODITIES LLP, AND LENCE PTE. LTD. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Adani Wilmar IPO?
They have obtained the GMP of this IPO and it is Rs 25. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Adani Wilmar IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Adani Wilmar Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide.
PAT for the financial year 2021 in Million is 7,276.49, 2020 is 4,608.72, 2019 is 3,755.2. PAT from Sept 2021 is 3,571.33.
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