The month of November saw a string of IPOs releasing, leaving the investors with a mixed feeling. India’s biggest IPO till date, PAYTM, worth Rs 18,300 Crores went public in November 2021. Sigachi Industries, which went public on 15th November, 2021, returned more than 250% on investment, making it one of the top performing IPOs of the Month. Looking at this, here we bring to you the next big IPO which is lined up to go public in the last month of the year 2021. So, let’s take a look at the important elements of the Adani Wilmar Ltd IPO which is slated to go live in December 2021.

• About the Company -

Adani Wilmar is one  of  the  few  large  FMCG  food  companies  in  India  which offers most  of  the essential  kitchen  commodities  for  Indian consumers, including edible oil, wheat flour, rice, pulses and sugar. The company offers a range of staples such as wheat flour, rice, pulses and sugar. The products are offered under a diverse range of brands across a broad price spectrum and cater to different customer groups. Adani Wilmar is a joint venture incorporated in 1999 between the Adani Group, which is a multinational diversified business group with significant interests across transport and logistics, and energy and utility sectors, and the Wilmar Group, one of Asia’s leading agribusiness groups which was ranked among the largest listed companies by market capitalization on the Singapore Exchange as of June 30, 2021. The company’s portfolio of products is spread across three categories: (i) edible oil, (ii) packaged food and FMCG, and (iii) industry essentials.

• Adani Wilmar Ltd IPO details -

Let’s now move onto the main part of this article. Here, we’re going to be looking at some of the most important details of this upcoming IPO viz - Adani Wilmar Ltd IPO date and it’s share price.

• Adani Wilmar Ltd IPO date -

According to the Red Herring Prospectus filed by the company, the public issue of the equity shares is slated to go live from December, 2021. The exact date of the issue will be soon announced.

• Adani Wilmar Ltd IPO issue size -

The IPO aims to raise Rs 4500 Crores, which is slated to go live in December 2021.

• Adani Wilmar Ltd IPO share price

The price band of the company’s upcoming IPO is yet to be declared.

• Adani Wilmar Ltd IPO listing

Since the IPO of Adani Wilmar Ltd is from the mainboard, it would be listed on both - the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE)

• Adani Wilmar Ltd IPO objectives

According to the Red Herring Prospectus filed by the company, it aims to utilise the Net Proceeds towards funding the following objects

- Funding  capital  expenditure  for  expansion  of  our  existing  manufacturing  facilities  and developing new  manufacturing facilities (“Capital Expenditure”);

- Repayment/prepayment of previous borrowings;

- Funding strategic acquisitions and investments;

- General corporate purposes

Conclusion

If you are excited about this upcoming IPO and want to invest in it, you will first need to have an online DEMAT Account of your own! And to get it for Free*, all you need to do is sign-up with Motilal Oswal.

If you already have an existing account, you can  start your  online trading  and invest in the upcoming IPO's.

With a plethora of companies coming forward with their own IPOs in quick succession, you can keep a track of all the  upcoming IPOs  by regularly following our  IPO calendar.