Adani Wilmar

IPO Size

`4,500 Cr

Price Band

NA

Minimum Lot Size

NA

Face Value

NA

Employee Discount

NA

Retail Allocation

35%

Issue Open Date

NA

Issue Close Date

NA

Listing Date

NA

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

Promoter of the Company

The promoters of the company are Adani Enterprises Limited, Adani Commodities LLP and Lence Pte. Ltd.

Peer Comparison

The company will face tough competition from HUL, Britannia, Tata Consumer Products, Dabur, Marico and Nestle.

Objectives of the Issue

Offer for Sale

The issue is a complete fresh issue.

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.

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