Adani Wilmar Limited IPO 2022 : Company Highlights and Other Information

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 :

1. Logging into Zerodha console through its website or KITE platform.
2. Clicking the IPO link present in the Portfolio section.
3. Click the Adani Wilmar Limited IPO button and press the BID button.
4. Entering the details asked for like UPI ID, Quantity and price.
5. Submit the application form for the IPO.
6. 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.