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- Adani Wilmar IPO Launch Date Latest News; Gautam Adani Company May File (DRHP) Next Week
Mumbai2 hours ago
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The opportunities for investors to invest in IPOs are not over yet. Gautam Adani’s edible oil and food item maker Adani Wilmar may soon bring an IPO. There is a plan to raise Rs 5 thousand crore through this.
According to media reports, the company is likely to file a draft red herring prospectus (DRHP) with the market regulator SEBI next week itself, in which the company gives financial details, business plan and details of the IPO proceeds.
Will issue fresh issue of Rs 5,000 crore
Adani Wilmar will issue a fresh issue of Rs 5000 crore for its IPO. According to reports, JP Morgan, Kotak Mahindra Capital and ICICI Securities are being named as possible bankers for the IPO. Adani Wilmar is a joint venture between Gautam Adani’s company Adani Enterprises and Singapore-based Wilmar International, in which both companies hold 50-50% stake.
Target to become the largest food company in the country by 2027
Adani Wilmar’s plan is to become the country’s largest food company by 2027. It is believed that through the IPO, the company will fulfill its target.
Adani Wilmar debut
Adani Wilmar Limited was established in 1999. It is a joint venture between Adani Group and Singapore-based Wilmar. The company also manufactures and sells items like basmati rice, flour, maida, semolina, rava, pulses and gram flour along with edible oil. If the company is successful in bringing an IPO, then it will be the 7th company of the Adani Group to be listed on the stock exchange.
Adani listed companies
Five of the six listed Adani Group companies have a market capitalization of more than Rs 1 lakh crore. The listed companies of the Adani Group include Adani Enterprises, Adani Ports and Special Economic Zone, Adani Transmission, Adani Power, Adani Total Gas and Adani Green Energy.