Adani Wilmar IPO

IPO Date: 27th - 31st Jan 2022

Price Band

₹218 to ₹230

Issue Size

₹3,600 Cr

Market Lot


Face Value

₹1 per share

About Adani Wilmar IPO

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 Strength

  • Diversified product portfolio with leading brands catering to most daily essentials of an Indian kitchen.
  • Strong brand recall and broad customer reach.
  • Leadership in branded edible oil and packaged food business in India.
  • One of the largest basic oleochemical manufacturers of India.
  • Strong raw material sourcing capabilities from top global suppliers.
  • An integrated business model with well-established operational infrastructure and strong manufacturing capabilities.
  • Pan-India distribution network supported by a robust distribution infrastructure.
  • Focus on environmental and social sustainability.
  • Professional management and experienced board.

Objects of the Issue

  • Funding capital expenditure for expansion of existing manufacturing facilities and developing new manufacturing facilities (“Capital Expenditure”);
  • Repayment/prepayment of borrowings;
  • Funding strategic acquisitions and investments; and
  • General corporate purposes.

Adani Wilmar IPO Details

IPO Opening Date Jan 27, 2022
IPO Closing Date Jan 31, 2022
Issue Type Book Built Issue IPO
Face Value ₹1 per equity share
IPO Price ₹218 to ₹230 per equity share
Market Lot 65 Shares
Min Orher Quantity 65 Shares
Listing At BSE, NSE
Issue Size [.] Eq Shares of ₹1 (aggregating up to ₹3,600.00 Cr)
Employee Discount 21
QIB Shares Offered Not more than 50% of the net issue
Retail Shares Offered Not less than 35% of the net issue
NII (HNI) Shares Offered Not less than 15% of the net issue

Adani Wilmar IPO Tentative Timetable

The Adani Wilmar IPO open date is Jan 27, 2022, and the close date is Jan 31, 2022. The issue may list on Feb 8, 2022.

IPO Open Date Jan 27, 2022
IPO Close Date Jan 31, 2022
Basis of Allotment Date Feb 3, 2022
Initiation of Refunds Feb 4, 2022
Credit of Shares to Demat Account Feb 7, 2022
IPO Listing Date Feb 8, 2022

Adani Wilmar IPO FAQs

What is Adani Wilmar IPO?

Adani Wilmar IPO is a main-board IPO of [.] equity shares of the face value of ₹1 aggregating up to ₹3,600.00 Crores. The issue is priced at ₹218 to ₹230 per equity share. The minimum order quantity is 65 Shares.

The IPO opens on Jan 27, 2022, and closes on Jan 31, 2022.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

When Adani Wilmar IPO will open?

The Adani Wilmar IPO opens on Jan 27, 2022 and closes on Jan 31, 2022.

What is the lot size of Adani Wilmar IPO?

Adani Wilmar IPO lot size is 65 Shares and the minimum order quantity is 65 Shares.

How to apply for Adani Wilmar IPO?

You can apply in Adani Wilmar IPO online using either UPI or ASBA as 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.

When Adani Wilmar IPO allotment?

The finalization of Basis of Allotment for Adani Wilmar IPO will be done on Feb 3, 2022, and the allotted shares will be credited to your demat account by Feb 7, 2022.

Check the IPO allotment status

When is Adani Wilmar IPO listing date?

The Adani Wilmar IPO listing date is not yet announced. The tentative date of Adani Wilmar IPO listing is Feb 8, 2022.

How to subscribe Adani Wilmar IPO?

If you have a demat account, most banks offer the online IPO application. You could also contact SMC Global or your broker to apply in Adani Wilmar IPO.

What is Adani Wilmar IPO Price Band?

Adani Wilmar IPO Price Band is ₹218 to ₹230 per equity share.

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