Adani Wilmar has deposited his DRHP with SEBI for an IPO of 4500 crores. This will be a completely fresh issue. DRHP is the document in which a company describes how it will use the funds received through IPO.
The company has submitted its documents before SEBI.
Adani Wilmar 4500 crore IPO: For some time, there was continuous news that another company of Gautam Adani is going to be listed in the stock market. According to the information of CNBC TV18, Adani Wilmar has deposited his DRHP with SEBI for an IPO of 4500 crores. This will be a completely fresh issue. DRHP is the document in which a company describes how it will use the funds received through IPO. This shows the future of the company.
According to the information being received about DRHP, the company will use this fund for capital expenditure. Apart from this, the food manufacturing capacity will be expanded, the loan will be repaid. Along with this, the company will also proceed on the process of acquisition strategically according to its plan. Adani Wilmer has a big plan regarding the fund company. According to the company’s plan, Adani Wilmer will become India’s largest food company by 2027.
The value of the company can be up to 45 thousand crores
For this IPO, the company wants its valuation of Rs 37,500-45,000 crore. Adani Enterprises holds 50 per cent stake in Adani Wilmar. Accordingly, the value of Gautam Adani’s share can be between 18,750-22,500 crores. In the financial year 2020-21, the net worth of Adani Wilmar was 3298 crores. It registered a growth of 28 per cent on a yearly basis. The company’s profit in that financial year was 727 crores. There was a jump of 58 percent in profit on a yearly basis.
Company’s main products
Adani Wilmar’s Edible Oil has many products. Fortune Oil is a household favorite. Apart from this, the company produces dozens of products including rice, soybean, gram flour, pulses, vegetable, khichdi, soap, flour, sugar. Most of the products come under the name Fortune branch.
Company established in 1999
Adani Wilmar’s most popular product is ‘Fortune’. This company was established in 1999 in a joint venture with Adani Group and Singapore based Wilmar Company. The business of Wilmar Group is mainly agri business.
Largest Distribution Network in India
According to the information available on Adani Wilmar’s website, it has the largest distribution network in the country in the edible oil market. It has 85 stock points and 5000 distributors across the country. Its share in the retail market is about 10 percent. Its product is available at about 15 lakh retail outlets across the country. Keeping health in mind, the company has launched special oil Rice Bran and Vivo. Another edible oil brand of the company, Rupchanda, is the market leader in Bangladesh. The company also has two major refineries there.
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