Adani Wilmar
IPO Size
`3,600 Cr
Price Band
`218-230 Per Share
Minimum Lot Size
65 Share
Face Value
`1 Per Share
Employee Discount
NA
Retail Allocation
35%
Issue Open Date
27 Jan,2022
Issue Close Date
31 Jan,2022
Listing Date
IPO Size
Price Band
Minimum Lot Size
Face Value
Employee Discount
Retail Allocation
Issue Open Date
Issue Close Date
Listing Date
About the Company:
Adani Wilmar is a joint venture incorporated in 1999 between the Adani Group, which is a multinational diversified business group with significant interests across transport and logistics, and energy and utility sectors. The firm is one of the few large FMCG food companies in India that offers most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses and sugar. The company also produces essential commodities, such as edible oils, wheat flour, rice, pulses and sugar, account for approximately 66% of the spend on essential kitchen commodities in India. Leading FMCG player offers a range of staples such as wheat flour, rice, pulses and sugar. Their products are offered under a diverse range of brands across a broad price spectrum and cater to different customer groups. The company has competitive advantage over other firms through Adani Group’s in-depth understanding of local markets, extensive experience in domestic trading and advanced logistics network in India, and leverage on the Wilmar Group’s global sourcing capabilities and technical know-how.
Outstanding Litigation:
| S.No. | 1 - Company | 2 - Promoters | 3 - Directors | |||
| Entity Name | By the Company | Against the Company | By the Promoters | Against the Promoters | By the Subsidiaries | Against the Subsidiaries |
| Criminal cases | 19 | 2 | 1 | 3 | - | 5 |
| Material civil cases | 3 | 5 | 8 | - | - | - |
| Taxation matters | 64 | 30 | 80 | 54 | - | 1 |
| Regulatory Procedings | - | 151 | - | 1 | - | - |
| Amt. (In Million Rs.) | 4,527.07 | 848.71 | 104400.06 | 4193.68 | - | 376.39 |
Financial Statements:
| Income Statement (In Millions) | FY21 | FY20 | FY19 | |
| Gross Operating Income | 371956.6 | 297669.9 | 289196.81 | |
| Cost of Employee & Inventory | 328114.7 | 255941.4 | 252720.36 | |
| Other Expenses | 29536.28 | 27533.71 | 23941.88 | |
| EBITDA | 14305.59 | 14194.75 | 12534.57 | |
| Depreciation | 2673.1 | 2412.69 | 1993.12 | |
| Interest | 4066.08 | 5691.93 | 4868.93 | |
| Profit Before Tax, Exceptional items and JV | 7566.41 | 6090.13 | 5672.52 | |
| Share of restated profit/loss from joint ventures | 748.78 | 578.36 | 205.64 | |
| Profit Before Tax | 8315.19 | 6668.49 | 5878.16 | |
| Tax | 1038.7 | 2059.77 | 2122.95 | |
| Profit After Tax | 7276.49 | 4608.72 | 3755.21 | |
The promoters of the company are Adani Enterprises Limited, Adani Commodities LLP and Lence Pte. Ltd.
The company will face tough competition from HUL, Britannia, Tata Consumer Products, Dabur, Marico and Nestle.
The issue is a complete fresh issue.
The company has planned to raise fresh capital comprising an aggregate of up to Rs. 4,500 cr. The net proceeds will be utilized for: • Repayment/prepayment of long term borrowings at Rs. 1,170 cr. • Funding capital expenditure requirements at Rs. 1,900 cr. • Funding strategic acquisitions and investments at Rs. 500 cr. • Rest will be utilized for general corporate purpose.