Bookbuilding IPO | ₹3,600 Cr | Listed at BSE, NSE | Thu, Jan 27, 2022 - Mon, Jan 31, 2022
Adani Wilmar IPO is a book build issue of ₹3,600.00 crores. The issue is entirely a fresh issue of 15.67 crore shares of ₹3,600.00 crore.
Adani Wilmar IPO bidding started from Jan 27, 2022 and ended on Jan 31, 2022. The allotment for Adani Wilmar IPO was finalized on Feb 3, 2022. The shares got listed on BSE, NSE on Feb 8, 2022.
Adani Wilmar IPO price band is set at ₹230 per share. The lot size for an application is 65. The minimum amount of investment required by an retail is ₹14,950 (65 shares) (based on upper price). The lot size investment for sNII is 14 lots (910 shares), amounting to ₹2,09,300, and for bNII, it is 67 lots (4,355 shares), amounting to ₹10,01,650.
The issue includes a reservation of up to 51,19,617 shares for employees offered at a discount of ₹21.00 to the issue price.
BNP Paribas is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Adani Wilmar IPO RHP for detailed Information.
IPO Open
Thu, Jan 27, 2022
IPO Close
Mon, Jan 31, 2022
Issue Price
₹230 per share
Market Cap (Pre-IPO)
₹29,887.82 Cr
| IPO Date | 27 to 31 Jan, 2022 |
| Listed on | Tue, Feb 8, 2022 |
| Face Value | ₹1 per share |
| Price Band | ₹218 to ₹230 |
| Issue Price | ₹230 per share |
| Lot Size | 65 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Employee Discount | ₹21.00 |
| Total Issue Size | 15,67,29,745 shares (agg. up to ₹3,600 Cr) |
| Fresh Issue | 15,67,29,745 shares (agg. up to ₹3,600 Cr) |
| Share Holding Pre Issue | 1,14,29,48,860 shares |
| Share Holding Post Issue | 1,29,99,38,041 shares |
| BSE Script Code / NSE Symbol | 543458 / AWL |
| ISIN | INE699H01024 |
Adani Wilmar IPO comprises a total issue size of 15,69,89,181 shares. The net offer to the public is 13,62,17,391 shares, after excluding 2,07,71,790 shares under a preferential allotment. Of the Net offer 6,81,08,695 (50.00%) are allocated to QIB, 2,04,32,609 (15.00%) allocated to NII 4,76,76,087 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 6,81,08,695 | 50.00% | 43.38% | NA |
| − Anchor Investor Shares Offered | 4,08,65,217 | 26.03% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 2,72,43,478 | 17.35% | NA | |
| NII (HNI) Shares Offered | 2,04,32,609 | 15.00% | 13.02% | NA |
| Retail Shares Offered | 4,76,76,087 | 35.00% | 30.37% | 7,33,478 |
| Preferential Reservations | ||||
| Employee Shares Offered | 51,19,617 | 3.26% | NA | |
| Shareholders Shares Offered | 1,56,52,173 | 9.97% | NA | |
| Total Shares Offered | 15,69,89,181 | 100.00% | 100.00% | |
Investors can bid for a minimum of 65 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹14,950 |
| Retail (Max) | 13 | 845 | ₹1,94,350 |
| S-HNI (Min) | 14 | 910 | ₹2,09,300 |
| S-HNI (Max) | 66 | 4,290 | ₹9,86,700 |
| B-HNI (Min) | 67 | 4,355 | ₹10,01,650 |
Adani Wilmar IPO raises ₹939.90 crore from anchor investors. Adani Wilmar IPO Anchor bid date is January 25, 2022.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jan 25, 2022 |
| Shares Offered | 4,08,65,217 |
| Anchor Portion (₹ Cr.) | 939.90 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Mar 5, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, May 4, 2022 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only shareholder | Up to Rs 2 Lakhs | Allowed only if bidding amount is upto Rs 2 lakhs |
| Only employee | Yes | |
| Employee + Shareholder |
|
Yes |
| Employee + Shareholder + RII/NII |
|
Yes for shareholder/employee/RII |
| Shareholder + RII/NII |
|
Yes for shareholder/RII |
| Employee + RII/NII |
|
Yes for shareholder/RII |
Note: To be eligible for the Shareholder Quota, you must hold shares in one of the following companies:
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, 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, 2021.
The company operates 22 plants located across 10 states in India, comprising 10 crushing units and 19 refineries. The company's refinery in Mundra is 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 36 leased tolling units as of Sep 31, 2021, for additional manufacturing capacities.
The company's distributors are in 28 states and 8 union territories throughout India, catering to over 1.6 million retail outlets. As of September 30, 2021, the company had 88 depots in India, with an aggregate storage space of approx. 1.8 million square feet across the country.
Competitive Strengths:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital Expenditure | 1,900.00 |
| 2 | Repayment/prepayment of our borrowings | 1,058.90 |
| 3 | Funding strategic acquisitions and investments | 450.00 |
| 4 | General corporate purposes | 62.58 |
| KPI | |
|---|---|
| ROCE | 11.06 |
| Debt/Equity | 0.39 |
| RoNW | 22.06 |
| EBITDA Margin | 3.85% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.07 | |
| P/E (x) | 44.66 | |
| Promoter Holding | 100% | 87.92% |
| Market Cap | ₹29,887.82 Cr. |
The Adani Wilmar IPO is subscribed 17.37 times on January 31, 2022 5:00:00 PM (Day 3). The public issue subscribed 3.92 times in the retail category, 5.73 times in the QIB category, and 56.3 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 5.73 | 2,87,43,118 | 16,46,74,250 |
| NII | 56.3 | 2,15,57,340 | 1,21,37,04,635 |
| Retail | 3.92 | 5,03,00,459 | 19,71,69,830 |
| Employee | 0.51 | 54,31,472 | 27,61,460 |
| Others | 33.33 | 1,65,13,761 | 55,04,70,375 |
| Total | 17.37 | 12,25,46,150 | 2,12,87,80,550 |
Investors who hold Adani Enterprises Limited (AEL) shares on the 19th Jan 2022 (the date of filing RHP with SEBI) are eligible to apply under the shareholder's (SH) category of Adani Wilmar IPO.
Eligibility for IPO applications across category
Allotment in Shareholders Category
Allotment in shareholder category will be done in proportionate basis (similar to NII/HNI category). Minimum allotment is 1 lot.
Must read...
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Managers’ fees (including underwriting commission, brokerage and selling commission) | 65.00 |
| 2 | Commission/processing fee for SCSBs, Sponsor Banks and Bankers to the Issue. Brokerage and selling commission and bidding charges for Members of the Syndicate (including their sub-syndicate members), Registered Brokers, RTAs and CDPs | 14.12 |
| 3 | Fees payable to the Registrar to the Issue | 0.50 |
| 4 | Fees payable to others | 0.94 |
| 5 | Listing fees, SEBI filing fees, upload fees, BSE & NSE processing fees, book building software fees and other regulatory expenses | 9.87 |
| 6 | Printing and stationery | 3.20 |
| 7 | Advertising and marketing expenses | 25.25 |
| 8 | Fee payable to legal counsels | 5.64 |
| 9 | Miscellaneous | 4.01 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹230.00 | ₹230.00 |
| Open | ₹221.00 | ₹227.00 |
| Low | ₹221.00 | ₹227.00 |
| High | ₹265.20 | ₹271.25 |
| Last Trade | ₹265.20 | ₹268.25 |
Lead Manager Reports
Adani Wilmar IPO is a main-board IPO of 15,67,29,745 equity shares of the face value of ₹1 aggregating up to ₹3,600 Crores. The issue is priced at ₹230 per share. The minimum order quantity is 65.
The IPO opens on Thu, Jan 27, 2022, and closes on Mon, Jan 31, 2022.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Adani Wilmar IPO using UPI as a payment gateway. Zerodha customers can apply in Adani Wilmar IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Adani Wilmar IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Adani Wilmar IPO opens on Thu, Jan 27, 2022 and closes on Mon, Jan 31, 2022.
Adani Wilmar IPO lot size is 65, and the minimum amount required for application is ₹14,950.
You can apply in Adani Wilmar IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Adani Wilmar IPO will be done on Thursday, February 3, 2022, and the allotted shares will be credited to your demat account by Mon, Feb 7, 2022. Check the Adani Wilmar IPO allotment status.
The Adani Wilmar IPO listing date is on Tue, Feb 8, 2022.
