IPO

Adani Wilmar Limited IPO

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Solvent Extraction

Listed On: Feb 8, 2022 at ₹ 227.00(NSE)

₹ 14950 /65 Shares

Check Allotment

27 Jan, 2022

Open Date

31 Jan, 2022

Close Date

04 Feb, 2022

Allotment Date

08 Feb, 2022

Listing Date
Price Summary

Last Closing

246.50 (7.17%)

52 Week High

337.05

52 Week Low

231.55

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹218-230 per equity share
  • Face Value ₹1 Per Equity Share
  • Issue Price Fresh Issue: 3600 Crores Approx.
  • Listing at BSE, NSE
  • List Price 227.00(NSE)
  • Listing Date 2022-02-08
  • Lead Manager BNP Paribas, BofA Securities India Limited, Credit Suisse Securities (India) Private Limited, HDFC Bank Limited, ICICI Securities Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited
  • Registrar Link Intime India Private Ltd
IPO Details
  • Retail Portion 35% (Number of Retail Applications : 7,30,960 Approx)
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹218-230 per equity share, which has a face value of ₹1 Per Equity Share each, IPO bidding starts from Jan 27, 2022 and ends on Jan 31, 2022. The allotment for IPO will be finalized on Feb 4, 2022. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Feb 8, 2022. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Ltd is the registrar of the issue.

The book-running lead manager for the IPO is/are BNP Paribas, BofA Securities India Limited, Credit Suisse Securities (India) Private Limited, HDFC Bank Limited, ICICI Securities Limited, J.P. Morgan India Private Limited, Kotak Mahindra Capital Company Limited.


The IPO sets its price band at 218-230 for each share. A single application for Adani Wilmar Limited IPO must contain at least 65 shares.

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IPO Subscription Analysis And Details
Retail
3.92x
QIB
5.73x
NII
56.30x
Total
17.37x
As on QIB NII Retail Employee Share Holder Total
Shares Offered / Reserved 2,87,43,118 2,15,57,340 5,03,00,459 54,31,472 1,65,13,761 12,25,46,150
Day 1 27-01-22 05:00 PM
0.30 x 0.54 0.96 x 0.05 x 0.10 x 0.57 x
Day 2 28-01-22 05:00 PM
0.39 x 0.88 1.84 x 0.87 x 0.18 x 1.13 x
Day 3 31-01-22 05:00 PM
5.73 x 56.30 3.92 x 0.51 x 33.33 x 17.37 x
Total No of Applications
2422819
Subscription on the basis of Applications
3.30
Valuations
Earnings Per Share (EPS) ₹5.60/-
P/E Ratio 41.09
RoNW 22.06%
Net Asset Value (NAV) - As on 30.09.21 ₹31.95
Company Financials
In Crs.
In Cr.
31-Mar-21 31-Mar-20 31-Mar-19
Assets 13,326.64 11,785.91 11,602.87
Revenue 37,195.65 29,766.98 28,919.68
Profit After Tax 727.64 460.87 375.5.2
About Company

Incorporated in 1999 as a joint venture between Adani Group and the Wilmar Group, Adani Wilmar is an FMCG food company offering most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses, and sugar. The company also offers a diverse range of industry essentials, including oleochemicals, castor oil and its derivatives, and de-oiled cakes. The company's products are offered under a diverse range of brands across a broad price spectrum and cater to different customer groups.
The company's product portfolio is categorized into (i) edible oil, (ii) packaged food and FMCG, and (iii) industry essentials. Fortune, the company's flagship brand, is the largest selling edible oil brand in India. Recently the company has focused on value-added products and has launched products such as edible oil products, rice bran health oil, fortified foods, ready-to-cook soya chunks, and khichdi, etc in line with this. The company has strong raw material sourcing capabilities and was India's largest importer of crude edible oil as of March 31, 2020.
As of the date of this Draft Red Herring Prospectus, the company operates 22 plants located across 10 states in India, comprising 10 crushing units and 18 refineries. The company's refinery in Mundra is the one of the largest single-location refineries in India with a capacity of 5,000 MT per day. In addition to the 22 plants Adani Wilmar, also used 28 leased tolling units as of March 31, 2021, for additional manufacturing capacities. The company's distributors are located in 28 states and 8 union territories throughout India, catering to over 1.6 million retail outlets.

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- Promoter(s)

Adani Enterprises Limited, Adani Commodities LLP and Lence Pte. Ltd

Pre Issue Share Holding : 100%

Post Issue Share Holding : 87.92%

IPO - Issue Objectives
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

4

General corporate purposes.

IPO - Anchor Investors

Adani Wilmar raises Rs 940 crore from anchor investors.

Marquee investors includes Govt of Singapore, Monetary Authority of Singapore, Jupiter India Fund, Volrado Venture Partners Fund, Societe Generale, Cohesion MK Best Ideas, Winro Commercial and Dovetail India Fund.

Among others includes, HDFC Mutual Fund, Nippon Life India Trustee, Aditya Birla Sun Life Trustee, and Sun Life Excel India Fund also participated.

IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Adani Wilmar Limited 7.97 41.09 22.06% 37,195.66
Hindustan Unilever Limited 11.17 69.63 26.80% 47,028.00
Britannia Industries Limited 48.33 46.79 51.60% 13,136.10
Tata Consumer Products Limited 4.67 78.65 6.16% 11,602.00
Dabur India Limited 11.97 59.05 22.00% 9,561.70
Marico Limited 16.98 54.03 36.80% 8,048.00
Nestle India Limited 80.47 89.73 103.10% 13,350.00