Adani Wilmar IPO Check Price Band Know Adani Wilmar IPO GMP And Others Details

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Adani Wilmar IPO: Adani Wilmar’s IPO will open on 27 January 2022 and investors will be able to apply in IPO till 31 January 2022. The company has also fixed the price band of the IPO. The price band of Adani Wilmar IPO has been fixed at Rs 218 – 230 per share. The face value of the share is one per share.

Rs 3600 crore IPO
Adani Wilmar has reduced the size of its IPO. The size of Adani Wilmar’s IPO has been reduced from Rs 4500 crore to Rs 3600 crore. This will be a completely fresh issue. The company will invest in giving wings to the business along with repaying the debt from the amount to be raised from the IPO. The promoters and existing investors of the company are not selling their stake.

65 a lot of shares
In Adani Wilmar IPO investors can apply for one lot of minimum 65 shares for which they will have to pay Rs 14950. Maximum investors can apply for 13 lots and have to pay Rs 194350. In the Adani Wilmar IPO, shares of 107 crores have been kept in reserve for the employees of the company and they will be given shares at a discount of Rs 21 per share. In 50 per cent IPOs, 15 per cent for non-institutional investors and 35 per cent for retail investors have been kept for QIBs.

Turnover of Rs 37195 crore
In the amount raised through the Adani Wilmar IPO, Rs 1900 crore will be in the head of capital expenditure, Rs 500 crore in acquisition and Rs 1100 crore will be paid back. Let us tell you that Adani Wilmar is a joint venture of Adani Enterprises and Wilmar Group in which both have 50:50 stake. Let us tell you that the annual turnover of the company is Rs 37,195 crore. Market regulator SEBI has already given approval to Adani Wilmar to launch an IPO.

Adani Group’s seventh listed company
Adani Wilmar will be the seventh company of the Adani Group to be listed in the market. Adani Wilmar manufactures edible oil brand Fortune. This company was established in 1999 as a joint venture with Adani Group and Singapore based company Wilmar Company. The business of Wilmar Group is mainly agri business. Fortune Oil is a household favorite. Apart from this, the company produces dozens of products including rice, soybean, gram flour, pulses, vegetable, khichdi, soap, flour, sugar. Most of the products come under the name Fortune branch.

distribution network is the largest
Adani Wilmar aims to become the largest food company in the country by 2027. As per the information available on the company’s website, it has the largest distribution network in the country in the edible oil market. It has 85 stock points and 5000 distributors across the country. Its share in the retail market is about 10 percent. Its product is available at about 15 lakh retail outlets across the country. Keeping health in mind, the company also launched special oil Rice Bran and Vivo. While the company’s other edible oil brand Rupchanda is the market leader in Bangladesh. The company also has two major refineries there.

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