Adani Wilmar (IPO) Date
As of the date of this Draft Red Herring Prospectus, the company operates 22 plants located across 10 states in India, comprising 10 crushing units and 18 refineries. The company’s refinery in Mundra is one of the largest single-location refineries in India with a capacity of 5,000 MT per day. In addition to the 22 plants Adani Wilmar, also used 28 leased tolling units as of March 31, 2021, for additional manufacturing capacities. The company’s distributors are located in 28 states and 8 union territories throughout India, catering to over 1.6 million retail outlets.
Adani Wilmar (IPO) Price 2021, 2022, 2023, 2024, 2025
The firm, which aims to be the largest food company in India by 2027, is trying to muscle its way in the fast-growing consumer segment and unlock value through the IPO. If the plans fructify, it will be the seventh firm to be listed from the port to power conglomerate Adani group, which has largely been infra-focused. Adani Wilmar is not the only player in the edible oil segment planning a 2021 debut on Dalal Street. Gemini Edibles, a prominent player down south and the Indian arm of Golden Agri-Resources. Adani Wilmar has registered a growth of 24% in its revenues in FY 2021 becoming one of the fastest-growing packaged food companies in the country. Its revenues in FY21 stood at Rs 37,196 crores as compared to Rs 29,767 crores in FY20. Earnings before Ebitda grew from Rs 1,419 crores to Rs 1,431 crores during the same. The firm intends to utilize Rs 500 crore of the IPO proceeds towards strategic acquisitions of manufacturing units or brands in the food staples business such as wheat flour, rice, and besan, ready to cook and ready to eat segments. Stay associated with TheGossipsWorld for more latest updates and information on Business News.
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