Adani Wilmar IPO To Open On January 27: Check Key Details

After AGS Transact Technologies, the much awaited IPO of Adani Wilmar is slated to launch for public subscription on January 27. Here are the key details about the public issue:

Issue size: Rs. 3600 crore. The company reduced the IPO size from the earlier Rs. 4500 crore. The public issue comprises fresh issuance of equity shares and there is no offer for sale.

Issue period: 27 to 31 January, 2022
Price Band: 218 - 230 per share
Bid Lot: 65 Shares and in multiples thereof, involving a minimum investment of Rs. 14,950
Retail Quota: 35%
Shareholders Quota: 360 Crore
QIB: 50%
NII or Non-Institutional Investors : 15%
Registrar: Linkintime
Allotment Date: 4th Feb. 2022
Listing Date: 8th Feb. 2022
BRLM: ICICI Securities, HDFC Bank, BNP Paribas, Kotak Mahindra Capital, JP Morgan, BofA Securities and Credit Suisse are the book running lead managers to the public issue.

Objective of the IPO: The IPO proceeds will be deployed towards capital expenditure, repayment of debt and financing strategic acquisitions and investments.

As per the latest data, shares of Adani Wilmar are currently commanding a premium of Rs. 82 in the grey market or unlisted space. Post listing, Adani Wilmar shall be the seventh Adani Group company to trade on Indian bourses. Other listed companies of the Group include Adani Enterprises, Adani Transmission, Adani Green Energy, Adani Power, Adani Total Gas and Adani Ports and Special Economic Zone.

Adani Wilmar is a 50:50 joint venture entity between Adani Group and Singapore-based Wilmar Group. The company is a leading FMCG brand in the country operating in the packaged edible oil ('Fortune brand'), packaged food, castor oil and derivatives industry, personal care and oleochemical segment.

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