Adani wilmar IPO listed at Rs. 221, discount to the Issue price

ADANI WILMAR IPO Listing Estimate :
The stock market at the opening bell is expected to show weakness and downtrend. As such the fancy of the grey market for the IPO of Adani Wilmar is fading away since last  few sessions and the grey market premium has declined to Rs23 from Rs. 90 at the announcement of the IPO. The overall subscription of NII portion is not impressive with interest cost of just Rs. 21.11 per share. Looking to these aspects, the grey market players are not optimist of this listing. There are fears of  the price showing discount during the session. However there is a section of investors who are very bullish about the scrip and expect the scrip to scale upto Rs. 320-330 during the first session itself, looking to the reasonable valuation, it offered in comparison to its profitability.

ADANI WILMAR IPO Grey Market News Today#
Exclusive Updates: Low hopes for Listing :With fall in sensex since last 3 sessions, Mood of the grey market traders is very weak. With GMP below 10% of the issue price, the hopes for solid listing has gone and  many investors fear just AT PAR listing or even discount listing by Rs. 1/3
On 7 February 2022 @ 7.30 pm 
Grey Market Premium   Rs. 23

ADANI WILMAR IPO Subscription Trend
( D3 ) On 31 January 2022 @ 5.00 pm
QIB :28743,118 Sh : 5.73 T
NII : 21557,340 Sh: 56.30 T
( only Rs. 27915 Cr )
Interest cost @ 8.50% Rs. 21.11
RII : 50300,459 Sh : 3.92 T
Emp 5431,472 Sh  : 0.51 T
ShQ : 16513,761 Sh : 33.33 T
Tot : 122546,150 Sh : 17.37 T

 Now…ADANI WILMAR IPO Analysis @ Chanakyanipothi.com , India`s Oldest & most Trusted Investment Blog.Operational since 8th December 1999, We are the Only Investment Platform in India, which has successfully completed 22 Years

ADANI WILMAR IPO Guidance : With strong product portfolio, strong growth rate during last 3 years ,Attractive valuation of  the IPO,  online presence and also strong market fancy for other scrips of the Group companies, the IPO is strongly recommended. Apply with Full force for small listing gains and Strong returns within 6 month after listing. Ignore weak trend in the grey market.

ADANI WILMAR Company Details
Adani Wilmar (AW) is one of the few large FMCG food companies in India to offer most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses and sugar. Essential commodities, such as edible oils, wheat flour, rice, pulses and sugar, account for approximately 66% of the spend on essential kitchen commodities in India. It offers a range of staples such as wheat flour, rice, pulses and sugar. AW is a joint venture incorporated in 1999 between the Adani Group 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. Its portfolio of products spans across three categories: (i) edible oil, (ii) packaged food and FMCG, and (iii) industry essentials.  AW is one of the fastest growing packaged food companies in India, based on the growth in revenues during the last five years
It was India’s largest importer of crude edible oil as of March 31, 2020 which provided it with bargaining power to source better quality raw materials on favorable commercial terms.

AW has 22 plants which are strategically located across 10 states in India . Its refinery in Mundra is the one of the largest single location refineries in India with a designed capacity of 5,000 MT per day . In addition to the 22 plants it owns, it also used 28 leased tolling units as of March 31, 2021,
AW has the largest distribution network among all the branded edible oil companies in India As of March 31, 2021, AW was present in one out of three households in India with a household reach of 90.51 million through its Fortune brand.

As of March 31, 2021, AW had 5,566 distributors catering to over 1.6 million retail outlets .As of March 31, 2021, it also had 85 depots, with an aggregate storage space of approximately 1.6 million square feet across the country to ensure availability of our products. for more information, click : www.adaniwilmar.com

The promoters of ADANI WILMAR
Adani Enterprises ltd, Adani Commodities LLP & Lence Pte ltd

ADANI WILMAR IPO Main Objects
The Company proposes to utilise the Net Proceeds towards funding of the following objects:
1. Funding capital expenditure for expansion of its existing manufacturing facilities and developing new manufacturing facilities
2. Repayment/prepayment of its borrowings;
3. Funding strategic acquisitions and investments

ADANI WILMAR IPO Details
IPO opens on 27 January, 2022
IPO closes on 31 January,2022
Issue Type: Book Built Issue IPO
Issue : up to ? Shares /Rs 3600 Crore
# Net Fresh Issue up to 151869565 Shares/ Rs. 3493 Cr
Face Value per share : Rs. 1

ADANI WILMAR IPO Price Band Per Equity Share: Rs. 218-230
Rs. 21 discount to Employees
ADANI WILMAR IPO Retail Lot Size 65 Shares
ADANI WILMAR Listing will at BSE,NSE

Shares offered to
QIB (50%) 75934783 Shares = Rs 1746.50 Cr
NII (15%) 22780434 Shares = Rs 523.95 Crs
RII (35%) 53154348 Shares = Rs 1222.55 Crs
Lot size:  65 Shares = 817759 Forms
Min Retail Application : 65 Sh , Rs. 14950
Max Retail Application : 845 Sh, Rs 194350 

ADANI WILMAR IPO Tentative timeTable
IPO Allotment on 3 Feb 2022
Unblocking of ASBA 4 Feb 2022
Credit to Demat Accounts 7 Feb 2022
ADANI WILMAR Listing on 8 Feb 2022

ADANI WILMAR IPO Financial Details :
Earnings per Share 2019-20 Rs 4.03
Earnings per Share 2020-21,Rs 6.37
Earnings per Share 2021-22 6M,Rs 3.12
Book Value of the Share as on 31.3.2021 Rs 28.86
Book Value After IPO at Cap-Price Rs. 55.78
Return on Net Worth: 19-20 17.93 %
Return on Net Worth: 20-21: 22.06 %
Return on Net Worth: 21-22 6M: 9.78 %
Upper Price Band/last EPS:  36
Upper offer price/Book Value Ratio: 7.96
Upper offer price/BV after IPO Ratio: 4.12

ADANI WILMAR IPO Peer Comparison:
Hindustan Unilever @ PE Multiple of 69.63
Britannia @ PE Multiple of 46.79
Tata Consumer @ PE Multiple of 78.65
Dabur India @ PE Multiple of 59.05
Marico @ PE Multiple of 54.03
Nestle India @ PE Multiple of 89.73

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