Adani Wilmar IPO Ltd:-Gautam Adani led Adani Wilmar IPO is launching on Thursday, 27 Jan 2022. The price band of IPO is set at ₹218-230 per share and issue size is ₹3600 crore. Total share offer are up to 15,70,38,646 equity shares. Investors can apply for Adani Wilmar IPO till 31 Jan 2022. If you are thinking about applying for IPO, make sure to go through following details:-
Know GMP of Adani Wilmar IPO:-
According to share market experts, GMP of Adani Wilmar IPO has dropped to ₹45 from ₹65. Recent mass decline in indices over the globe has resulted in falling of GMP of Adani Wilmar IPO. Adani Wilmar share will list on NSE and BSE on 08 Feb 2022.
Don’t forget to read:
Lot Size Limit
Adani Wilmar has decided limit of Lot size 65. Investors can bid for minimum 65 shares means one lot and maximum of 13 lots. Where one lot costs ₹14,950 and maximum 13 lots will cost ₹1,94,350. Shares will be allotted on 03 Feb 2022 and refund of money (incase IPO is not allotted) will be initiated on 04 Feb 2022. Face value of share is ₹1 per share.
| Issue Break Up | ||||
|---|---|---|---|---|
| Category | QIB | NIB | Retail | Total |
| %age | 50% | 15% | 35% | 100% |
Know Adani Wilmar’s business
Adani Wilmar is 50:50 joint venture between Gautam Adani led Adani Group and Singapur’s Wilmar group. Adani Wilmar The company is in FMCG counter and sells edible oil under famous brand name Fortune. Apart from oil business, company is also selling rice, wheat and sugar. Apart from FMCG Adani Wilmar is in soap, hand wash and sanitizer business. Adani Wilmar’s products are offered under a diverse range of brands across a broad price spectrum and cater to different customer groups.
Calculations
| Strengths | Risks |
|---|---|
| Focus on environmental and social sustainability | Fluctuations in prices of products |
| Accounts for approx 66% of the spend on primary kitchen commodity in India | Dependency on imports of raw material |
| One of the leading market positions in industry essentials | Reduction in demand of edible oil products |
| Strong patronage with professional mangers and experienced board member | Fluctuations in exchange rate between Indian rupee and Singapore dollar |
| Integrated business model | Diversed operations between categories |
| Robust capabilities and strong infrastructure | Unfavorable global weather patterns |
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