Adani Wilmar’s IPO is about to come. DRHP can be filed on behalf of the company next week. This IPO can be of 5000 crores.
Adani Wilmar IPO: Another company of Gautam Adani Group is preparing to be listed in the stock market. According to the report of CNBC TV18, Adani Wilmar’s IPO is about to come. DRHP can be filed on behalf of the company next week. This IPO can be of 5000 crores.
It is believed that the company will issue a fresh issue of Rs 5000 crore. The names of JP Morgan, Kotak Mahindra Capital and ICICI Securities are emerging as potential bankers for this. Adani Wilmar is a Joint Venture between Adani Enterprises and Wilmar International. In this, both the companies have 50-50 percent stake. If this company is listed, then it will be the seventh company of the group which will be listed in the stock market.
Adani plans to become India’s largest food company
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. Through Adani Wilmer, Gautam Adani will compete with Baba Ramdev’s company Ruchi Soya. 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
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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