Adani Wilmar Limited IPO (Adani Wilmar IPO) Detail
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, and 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, 2020.
As of the date of this Draft Red Herring Prospectus, the company operates 22 plants located across 10 states in India, comprising 10 crushing units and 18 refineries. The company's refinery in Mundra is the 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 28 leased tolling units as of March 31, 2021, for additional manufacturing capacities. The company's distributors are located in 28 states and 8 union territories throughout India, catering to over 1.6 million retail outlets.
Competitive Strengths:
1.Diversified product portfolio with leading brands catering to most daily essentials of an Indian kitchen.
2.Strong brand recall and broad customer reach.
3.Leadership in branded edible oil and packaged food business in India.
4.One of the largest basic oleochemical manufacturers of India.
5.Strong raw material sourcing capabilities from top global suppliers.
6.An integrated business model with well-established operational infrastructure and strong manufacturing capabilities.
7.Pan-India distribution network supported by a robust distribution infrastructure.
8.Focus on environmental and social sustainability.
9.Professional management and experienced board.
Company Promoters:
Adani Enterprises Limited, Adani Commodities LLP and Lence Pte. Ltd are the company
Company Financials:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 133,266.40 | 117,859.17 | 116,028.71 | ||
| Total Revenue | 371,956.58 | 297,669.86 | 289,196.81 | ||
| Profit After Tax | 7,276.49 | 4,608.72 | 3,755.21 | ||
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.
IPO Opening Date | |
| IPO Closing Date | |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹1 per equity share |
| IPO Price | [.] to [.] per equity share |
| Market Lot | |
| Min Order Quantity | |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹1 (aggregating up to ₹4,500.00 Cr) |
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