Adani Wilmar IPO: For some time now, Gautam Adani’s Group of Companies has been making investors rich. Along with this, he himself is also getting rich and in terms of wealth, he is just a few steps behind Mukesh Ambani. In such a situation, Adani Wilmer, a company of Gautam Adani Group, is considering to bring an IPO this year. According to the news of Money Control, Adani Wilmer is preparing to launch an IPO of $ 1 billion i.e. 7000 crores this year.
Six companies of the Adani Group are listed in the stock market and each company has proved to be a multi-bagger in the last 12-15 months (especially during the Corona period). If Adani Wilmar’s IPO also comes, then it will become the seventh company to be listed in the stock market. 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.
Will give competition to Baba Ramdev
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. Talking about Patanjali Ruchi Soya, there are many products including its oil in the name of Nutrela, Sun Rich, Ruchi, Vanaspati.
Fortune Most Popular Product
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. Talking about this IPO, reliable sources said that the company had selected JP Morgan and Kotak Mahindra as investment bankers for this. Now apart from these two investment banks, Bank of America Merrill Lynch and Credit Suisse have also been included.
Rise in the price of edible oil
In the last few months, the price of edible oil has increased drastically, due to which the company is expecting a better valuation. In the edible oil market, Adani Wilmar is competing with Nature Fresh, Kargil, Marico’s Saffola, Agro Tech’s Sundrop, Mother Dairy’s Dhara and Emami Group and Patanjali’s edible oil.
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.
Market cap of six Adani Group companies crosses $100 billion
The total market cap of six Adani Group companies recently crossed $100 billion. These six companies are – Adani Enterprises, Adani Port & SEZ, Adani Transmission, Adani Power, Adani Total Gas and Adani Green Energy.
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