Adani Wilmar IPO GMP, Price, Review & Important details 2021

Adani Wilmar is among the few significant FMCG food firms in India to supply most of the fundamental kitchen commodities, such as edible oil, wheat flour, rice, lentils, and sugar, to Indian households. Adani Wilmar IPO will hit the market in October 2021.

About Adani Wilmar

Adani Wilmar is a joint venture formed in January 1999 by the Adani Group, a multinational diversified corporate group with major desires in transportation and logistics, and the Wilmar Group.

Wilmar group is one of Asia ‘s top agribusiness groups, which was regarded among the biggest listed firms on the Singapore Exchange by market capitalization as of February 2021.

They benefit from their strong parentage as a joint venture among the Adani Group and the Wilmar Group.

They gain from the Adani Group’s comprehensive knowledge of local markets, domestic trade experience, and superior logistics network in India, as well as the Wilmar Group’s worldwide sourcing skills and technical know-how.

Key Points

• Among the few significant FMCG food firms in India to supply most of the fundamental kitchen commodities, such as edible oil, wheat flour, rice, lentils, and sugar to Indian consumers.
• №1 edible oil brand in India / Their flagship brand, “Fortune,” is India’s best-selling edible oil.
• One of India’s most rapidly expanding packaged food firms.
• Mundra, India ‘s biggest importer of crude edible oil, is among the country’s largest single-location refineries, with a design output of 5,000 tonnes per day.
• India’s largest producer of lauric fat.
• India’s largest producer of castor oil and one among the country’s largest producers of basic oleochemicals.
• Country’s biggest exporter of castor oil and derivatives, as well as one of the country’s biggest exporters of oleochemicals.

Joint Ventures & Subsidiary

• KOG-KTV Foods Pvt ltd. (JV)
• KTV Health Foods Pvt. Ltd. (JV)
• Visakha Polyfab Pvt Ltd. (JV)
• BEOL — Bangladesh Edible Oil Limited(Sub)

Production Units & Vision

They currently have 22 plants in India, spread across ten states. In addition, as of March 31, 2021, They used 28 tolling facilities across India to meet the increased demand and ensure their presence in various places near end customers.

Their vision is to be a top agribusiness corporation dedicated to providing safe, nutritious, and high-quality agricultural commodities and food to all of their stakeholders via innovation, the greatest norms of environmental, social, and governance practises, and the creation of livelihoods in the communities where they operate.

Adani Wilmar IPO

Adani Wilmar, headquartered in Ahmedabad has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of a fresh issue of Rs 4500 crore on 02 August, 2021.

There will be fresh issue of Rs 4500 crore & no OFS (Offer for sale) from existing Promoters mentioned in the DRHP of the company. There is shareholder and Employee quota as well in this IPO.

They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.

Originally published at https://profitmust.com on August 3, 2021.