Adani Wilmar was incorporated on January 22, 1999. The company's portfolio of products spans across three categories: (i) edible oil, (ii) packaged food and FMCG, and (iii) industry essentials; and offers including edible oil, wheat flour, rice, pulses and sugar. (Source: Technopak Report) Commodities, such as edible oils, wheat flour, rice, pulses and sugar
| Bidding Dates |
|---|
| 27 Jan 2022 - 01 Feb 2022 |
| Subscription |
|---|
| 17.37x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,950 | 1 | 13 | 65 | 157.0 M | ₹218 - ₹230 | 87.92 % | ₹34223.6 M - ₹36107.5 M | RHP DOC |
Adani Wilmar IPO SUBSCRIPTION STATUS
31 Jan '22Adani Wilmar IPO overall subscription rate was 17.37 times the total available shares
Adani Wilmar IPO retail subscription rate was 3.92 times in the retail segment
Adani Wilmar IPO non-institutional investor subscription rate was 56.3 times in the non-institutional investor category
Adani Wilmar IPO Qualified Institutional Bidder subscription rate was 5.73 times the available shares for Qualified Institutional Bidder
Adani Wilmar IPO Employees subscription rate was 0.51 times in the Employees category
Adani Wilmar IPO Others subscription rate was 33.33 times in the Others category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees | Others |
|---|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - | - |
31 Jan 2022 (Day 3) | 3.92x | 56.3x | 5.73x | 0.51x | 33.33x |
28 Jan 2022 (Day 2) | 1.85x | 0.88x | 0.39x | 0.18x | 0.87x |
27 Jan 2022 (Day 1) | 0.96x | 0.54x | 0.3x | 0.05x | 0.1x |
Adani Wilmar FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) | Margins |
| H1FY22 | 3,571.3 | 248,745.2 | 10,226.5 | 7,753.8 | 35.6% |
| H1FY21 | 2,887.9 | 161,885.9 | 10,338.2 | 7,747.9 | 45.7% |
| FY21 | 7,276.5 | 370,904.2 | 9,260.0 | 4,644.8 | 38.5% |
| FY20 | 4,608.7 | 296,570.4 | 7,813.0 | 1,507.0 | 47.7% |
| FY19 | 3,755.2 | 287,974.6 | 16,930.4 | 7,853.1 | 43.3% |
Adani Wilmar IPO SUBSCRIPTION STATUS DETAILS
Adani Wilmar had 157.0 M shares on offer
Adani Wilmar IPO offer price was in the range ₹218 - ₹230
Adani Wilmar IPO minimum Investment was ₹14950
Adani Wilmar IPO issue size was ₹ 34223.6 M - ₹ 36107.5 M
Adani Wilmar had a minimum lot size of 65 Shares per application
Adani Wilmar NUMBER OF SHARES ON OFFER
Adani Wilmar IPO IMPORTANT DATES
| Issue Open Date | 27 Jan 2022 |
| Issue close Date | 01 Feb 2022 |
| Allotment Date | 03 Feb 2022 |
| Refund Date | 04 Feb 2022 |
| Demat Account Credit Date | 07 Feb 2022 |
| Listing Date | 08 Feb 2022 |
| Listing on Exchange(s) | NSE and BSE |
| Adani Wilmar Allotment Status | Exchange |
Adani Wilmar IPO subscription opened on 27 Jan 2022, and closed on 01 Feb 2022
IPO allotment for Adani Wilmar was finalized on Thursday, 03 Feb 2022
IPO listing for Adani Wilmar was on NSE and BSE on Tuesday, 08 Feb 2022
Adani Wilmar IPO LISTING GAINS
| Issue Price (adjusted) | 230.0 |
| Listing Open Price | 274.0 |
| Listing Close Price | 265.2 |
| Listing Gain% | 19.1% |
| Current Gain% | -14.1% |
Adani Wilmar Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AWL Agri Business Ltd. | 197.5 | 25673.8 | 22.2 | 33.6 | 0.3 | 10 | 4.2 | 75148.5 | 17.6 | 1042 | -14.9 | 8.9 | 0.7 |
| Patanjali Foods Ltd. | 357.5 | 38899.9 | 21.4 | 0.5 | 1 | 13.8 | 9.6 | 40347.8 | 17.7 | 1814.5 | 39.5 | 16.7 | 39.5 |
| Gokul Agro Resources Ltd. | 228.8 | 6751.6 | 16 | 0.3 | 0.3 | 26 | 7.5 | 24116.7 | 23.1 | 369.4 | 50.4 | 14.3 | 59.2 |
| CIAN Agro Industries & Infrastructure Ltd. | 1359.5 | 3804.7 | 16.9 | 0 | 1.7 | 10.3 | 5.2 | 2279 | 116.3 | 222.7 | 441 | 80.3 | 445.8 |
| BN Agrochem Ltd. | 269.5 | 2635 | 77.1 | 1.3 | 3 | 7.4 | 6.5 | 873.7 | 137.9 | 34.4 | 74 | 3.5 | 57.2 |
| Sundrop Brands Ltd. | 681.8 | 2570.2 | 92 | 0.7 | 1.6 | 1.4 | 1.1 | 1552.2 | 72.2 | 20.1 | 118.3 | 7.4 | 126.4 |
Adani Wilmar INFORMATION ON IPO ISSUE
About Adani Wilmar
Adani Wilmar was incorporated on January 22, 1999. The company's portfolio of products spans across three categories: (i) edible oil, (ii) packaged food and FMCG, and (iii) industry essentials; and offers including edible oil, wheat flour, rice, pulses and sugar. (Source: Technopak Report) Commodities, such as edible oils, wheat flour, rice, pulses and sugar
Object of the Issue
1. Funding capital expenditure for expansion of existing manufacturing facilities and developing new manufacturing facilities (“Capital Expenditure”);
2. Repayment/prepayment of borrowings;
3. Funding strategic acquisitions and investments; and
4. General corporate purposes.
Adani Wilmar - PROMOTERS
| Name |
|---|
| Adani Enterprises |
| Adani Commodities LLP |
| Lence |
Adani Wilmar Book Running Lead Managers
Kotak Mahindra Capital Company Limite
adaniwilmar.ipo@kotak.com
J.P. Morgan India Private Limited
adaniwilmar_ipo@jpmorgan.com
BofA Securities India Limited
dg.adani_wilmar_ipo@bofa.com
Credit Suisse Securities (India) Private Limited
list.adaniwilmaripo@credit-suisse.com
ICICI Securities Limited
adaniwilmar.ipo@icicisecurities.com
HDFC Bank Limited
adaniwilmar.ipo@hdfcbank.com
BNP Paribas
dl.ipo.adaniwilmar@asia.bnpparibas.com
Adani Wilmar Registrar to the Offer
Link Intime India Private Limited
adaniwilmar.ipo@linkintime.co.in
Adani Wilmar Strengths
Market leader
Leadership in branded edible oil and packaged food business in India.
Strong raw material sourcing
Strong raw material sourcing capabilities from top global suppliers.
Strong infrastructure
An integrated business model with well-established operational infrastructure and strong manufacturing capabilities.
Good distribution network
Pan-India distribution network supported by a robust distribution infrastructure.
Sustainable development
Focus on environmental and social sustainability.
Experienced management
Professional management and experienced board.
Adani Wilmar Risks
Dependency on imports
The company significantly depends on imports of raw materials/finished goods, in addition to domestic supplies
Revenue segment concentration
The company derives a significant portion of revenue from our edible oil business segment
Legal proceedings
The company, directors, promoters and subsidiaries are involved in certain legal proceedings.
IPO FAQs
The promoters of the company are Adani Enterprises, Adani Commodities LLP and Lence.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 218.0 - 230.0.
The IPO application opens on Jan 27, 2022 and closes on Feb 01, 2022.
The minimum lot size for the IPO is 65. The maximum lot size for the IPO is 845.
For all category investors, the minimum application amount for this IPO is Rs. 14,950.0, the maximum value for this IPO is Rs 194,350.0.
This IPO will be allotted on Feb 03, 2022.
The refund will be credited to your account on Feb 04, 2022.
The allotted shares will be credited to your demat on Feb 07, 2022.
Adani Wilmar Ltd.’s shares listed on the stock exchanges on Feb 08, 2022.