Adani Wilmar IPO: The IPO of Adani Wilmar will open for subscription on 27 January 2022. The company has fixed the price band of this issue at Rs 218-230. The company has raised Rs 940 crore from its anchor investors.
Adani Wilmar IPO will open from tomorrow, invest money or not? Know what the brokerage firm says.
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| Adani Wilmar IPO |
Adani Wilmar IPO :- will open for subscription on 27 January 2022, which can be applied till 31 January. The company has fixed the price band of this issue at Rs 218-230. The company will raise Rs 3600 crore through this IPO. The edible oil maker on Tuesday said that it has raised Rs 940 crore from its anchor investors.
Let us tell you that the IPO of Adani Wilmar is completely based on fresh equity shares and no other type of offering is being done. Tell us about the latest Gray Market Premium (Adani Wilmar Gray Market Price), so it is currently Rs 45. It is likely that on February 8, the company's shares will be listed on NSE and BSE.
Details about the Adani Wilmar.
Adani Wilmar is a joint venture between Ahmedabad-based Adani Group and Singapore-based Wilmar Group, in which both groups hold half-half.
It is an FMCG food company that sells cooking items like cooking oil, wheat flour, rice, pulses and sugar. Apart from this, Oleochemicals also sells industrial products like castor oil and its derivatives and de-oiled cakes.
Veteran food FMCG company Adani Wilmar plans to aggressively strengthen its position in the food space. The company may acquire companies in the Foods, Staples and Value Added Product categories.
The company operates plants in 10 states of the country and has 10 crushing units and 19 refineries. Apart from this, according to the data available till 30 September 2021, the company is using 36 tolling units on lease to increase the manufacturing capacity.
According to the company's data for the September 2021 quarter, the company has 88 depots across the country, which is spread over 18 lakh square feet.
Talking about the company's financials, its net profit (Profit After Tax) was Rs 460.87 crore in the financial year 2020, which increased to Rs 727.65 crore in the next financial year 2021.
Lot Size of IPO Adani Wilmar
Lot Size of IPO is of 65 shares. A minimum of one lot and a maximum of 13 lots can be invested in this IPO. This means that a minimum investment of Rs 14,950 ( ₹ 230 x 65) and a maximum of Rs 1,94,350 [( ₹ 230 x 65) x 13] can be invested in this IPO.
Angel One said- Subscribe The brokerage firm :- Angel One has given a subscribe rating regarding Adani Wilmar's IPO. Meaning you should apply for it. Angel One feels that the company has good brand recall value, huge distribution and strong financials. All these things are positive for the company. However, Angel One has also said that the company's profits may be affected due to increase in raw material prices and competition.
What is the opinion of Choice Broking?
Brokerage firm Choice Broking said in a note, "The company's edible oil business continues to see strong growth. At the same time, the company also has a huge opportunity to capitalize on the food and FMCG business segment. Taking these aspects into consideration, We recommend subscribing to this issue."
What is the opinion of Marwari Financial Services?
Marwari Financial Services believes that the IPO of Adani Wilmar is available at a reasonable valuation compared to its competitors. "We give this IPO a 'subscribe' rating. Adani Wilmar is the leading consumer products company in the country and the market leader in the branded edible oil category," the brokerage said.
Adani Wilmar is a 50:50 joint venture joint venture between Gautam Adani-owned Adani Group and Singapore-based Wilmar Group. The company sells edible oil under the Fortune brand. Apart from edible oil, the company also sells rice, flour and sugar. Apart from this, the company also sells products like soap, hand wash and sanitizer.
Adani Wilmar IPO Allotment Date:
Its allotment will take place on 3 February 2022. The refund process is likely to start on February 4. Meaning that those who do not get shares in this IPO, the refund of their money will start from February 4. At the same time, the shares of Adani Wilmar in the demat account of the applicant will be credited on February 7.
After this 7th company listing of Adani Group, it will become the seventh company of Adani Group to be listed in the domestic market. At present, six companies of the Adani Group are Adani Enterprises, Adani Transmission, Adani Green Energy, Adani Power, Adani Total Gas and Adani Ports and Special Economic. Zones (Adani Ports and Special Economic Zone) are listed.