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Swadeshi Era

Adani Wilmar | Fortune Oil IPO Review

Adani Wilmar Limited.

Type-  Public.

Industry- FMCG.

Category- Manufacturing.

Founded- 1999.

Headquarters- Ahemdabad, Gujrat.

Area served- India.

Key people- Angshu Mallick, Adani

Products- Edible Oil, Rice, Wheat flour.

Revenue- NA.

Number of employees- 2500 plus.

Website- https://www.adaniwilmar.com

Adani Wilmar is one of the few larger FMCG food companies in India. The company was founded in 1999 by the Adani group and Wilmar group, headquartered in Ahmedabad, Gujarat. Adani Wilmar offers most of the essential kitchen commodities for Indian consumers, including edible oil, Wheat flour, Rice, Pulse, and Sugar.

Table of Contents

  • History
  • Products and services
  • Joint Venture
  • IPO Details
  • Highlights
  • Updates

History

Adani Wilmar history

Adani Wilmar was incorporated in 1999 as a joint venture between Adani Group and Wilmar group. The Adani Enterprise and Wilmar Trading Pte Ltd have signed a Memorandum of Understanding (MoU) to form a 50-50 joint venture company with an equity base of the equivalent of $ 6 million. The company’s products are offered under a diverse range of brands across a broad price spectrum and cater to different customer groups.

In 2020, Adani Wilmar established the first plant with a capacity of 600 MT per day oil refinery and consumer pack plant in Mundra, Gujrat, and was expanded by another 100 MT per day in 2002.

In 2020, Adani Wilmar started offering soaps under the Alife brand name and during the COVID-19 pandemic also introduced handwash and sanitizers under the Alife brands in the fiscal year 2021.

Products and services

Adani Wilmar products

Adani Wilmar is India’s leading FMCG company, offering most of the essential kitchen commodities such as edible oil, rice, wheat flour, sugar, and pulse. Also offers a diverse range of essential industries, including castor oil, oleochemicals, and its derivatives and de-oiled cakes.

Adani Wilmar has three major categories of products Edible oil, Packaged food & FMCG, and industry essential. These products are sold under the fortune brand, which is the largest selling edible oil brand in India. The company has focused on value-added products such as edible oil products, rice bran health, fortified foods, ready-to-cook soya Chunks, khichadi, etc. Adani Wilmar has strong raw material sourcing capabilities and was India’s largest importer of crude edible oil as of March 31, 2021.

Manufacturing Facilities

Adani Wilmar manufacturing plants

As of 2022, Adani Wilmar has 22 plants across 10 states in India. The company distributors are in 28 states and 8 union territories throughout India, catering to over 1.6 million retail outlets. Adani Wilmar has one subsidiary Bangladesh Edible Oil Limited (BEOL) in Dhaka, Bangladesh.

Joint Venture

KOG KTV Foods Pvt Limited

KTV Healthfoods Pvt. Ltd

Vishakha Polyfab Pvt. Ltd

IPO Details

Adani Wilmar ipo details

Adani Wilmar has plans to raise Rs 3600 Cr through an initial public offering. The IPO open date is 27 Jan and the close date is Jan 31, 2022. Adani Wilmar ipo lot size comprises 65 shares and retail investors can apply for a max of 13 lots.

The Company has used these funds for the expansion of existing manufacturing facilities and the development of new manufacturing facilities. The GMP of Adani Wilmar has traded premium at  Rs 47 in the gray market and public issues worth Rs 3600 Cr have been Fully subscribed in two days of the bidding by investors.

Highlights

  • No. 1 edible oil brand in India / “Fortune”, our flagship brand, is the largest selling edible oil brand in India.
  • One of the fastest-growing packaged food companies in India.
  • India’s largest importer of crude edible oil
  • Mundra is one of the largest single-location refineries in India with a designed capacity of approximately 5,000 tonnes per day.
  • Largest lauric fat manufacturer in India.
  • The largest manufacturer of castor oil in India and one of the largest basic oleochemical manufacturers in India
  • The largest exporter of castor oil and its derivatives and one of the largest exporters of oleochemicals in India.

Updates

  • FMCG food company Adani Wilmar made a subdued debut on February 8 with the stock listing at a 4 percent discount to the issue price.
  • The stock opened at Rs 221 on the BSE and Rs 227 on the National Stock Exchange against an issue price of Rs 230.
  • The country has around 45 days of stocks while 60 days of stocks are normally carried. Normally, in such a situation, there is a demand shift of almost 50% towards palm oil and soybean oil from sunflower oil. We have enough oil to manage that supply chain at least till the time normalcy returns which we feel will happen soon and in 30 to 60 days, Said Angshu Mallick.
  • Adani Wilmar share hits the upper circuit for the 5th straight day. The share price is backed by strong fundamentals and technical support at current levels.

Register Office
 

Address- Fortune House

Nr Navrangpura Railway Crossing

 

City- Ahemdabad

 

State- Gujrat

  

Pin Code-380 009

 
Email- Email: info@adaniwilmar.in


 Tel.No-

Web Site- https://www.adaniwilmar.com




Management
  

Pranav Adani

Director


Kuok Khoon Hong

Director
 
Angshu Mallick

CEO

  

Shrikant Kanhere

CFO 

 

Biplab Pakrashi

Business Head
  

Rajneesh Bansal

Head Of Procurment & supply chain

Industry Info
  

Type- Public
 

Founded- 1999
  

Area Served- India
 

Parent- Adani &Wilmar Group
 
 
 




 

Details
 
 

BSE: NA

 
 

NSE: NA
 
 

Series- NA
 

ISIN: NA
 
 



 
 

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    • Home
    • About
    • Categories
      • Aerospace Industries
        • Data Pattern India limited | Data Pattern IPO Review, GMP, Updates
        • Paras Defence and Space Technology | Paras Defence Wiki.
      • Agriculture Industries
        • India Pesticides Limited | IPL Wiki | IPO Review.
      • Automobile Industries
        • CarTrade Tech Limited IPO | CarTrade Tech Wiki.
      • Chemical Industries
        • Clean Science and Technology Limited | Clean Science Wiki.
        • Tatva Chintan Pharma Chem Limited | Tatva Chintan Pharma Wiki.
      • Fashion Industries
        • Aditya Birla Fashion Retail Limited | ABFRL Share| Wiki.
        • Bewakoof Success Story | Bewakoof.com Wiki.
        • Boat Lifestyle Brand | Boat Audio Wiki.
        • Campus Activewear Limited | IPO Detail Review.
        • FSN E-Commerce Ventures | Nykaa Wiki.
        • Go Fashion | Go Colors Wiki.
        • Metro Shoes | Metro Brands Share Update
        • Vedanta Fashion limited | Manyavar IPO Review
        • Wildcraft Private Limited | Wildcraft Wiki.
      • Financial or FinTech Industries
        • Aditya Birla Sun Life AMC Limited | Aditya Birla Sun Life Wiki.
        • ‘Bharat Pe’ Wiki | Payment App.
        • CRED FinTech Startup | CRED Startup Wiki.
        • Navi Technologies loans, Mutual Funds, Insurance Platform.
        • One MobiKwik System Limited IPO | MobiKwik Wiki
        • Policybazaar Wiki | PB Fintech limited
        • Star Health and Allied Insurance | Star Health Wiki
      • Food Industries
        • Adani Wilmar | Fortune Oil IPO Review
        • Amul ( Anand Milk Union Limited) | AMUL Wiki.
        • Britannia Industries Limited | FMCG, Wiki.
        • Balaji Wafers Private Limited | Balaji Wafers Wiki.
        • Devyani International Limited | Devyani International Wiki.
        • Dodla Dairy Limited | Dodla Dairy Wiki.
        • Gopal Namkeen Private Limited | Wiki | Success Story.
        • Haldiram’s Foods International Pvt. Ltd. | Haldiram’s Wiki.
        • Parle Products Pvt Ltd | Parle-G Wiki.
        • Ravalgaon Sugar Farm Limited | Ravalgaon Chocolate Wiki.
        • Swiggy Food Delivery Startup | Swiggy Wiki.
        • Zomato Food Delivery | Zomato Startup Wiki.
      • Internet & Data Industry
        • Latent View Analytics | LatentView Wiki.
        • MapMyIndia Limited | MapMyIndia IPO, Review, GMP Updates.
        • Oyo Rooms | Oyo Wiki.
      • Investment Industries
        • CoinDCX Crypto Exchange | Coindcx Wiki.
        • Upstox Discount Broker | Upstox Wiki.
        • WazirX Crypto Exchange | Wazirx Wiki.
      • Manufacturing Industries
        • Tega Industries Limited | Tega Industries Wiki.
      • Metal Industries
        • Shyam Metalics and Energy Limited | Shyam Metalics Wiki.
      • Pharmaceutical Industries
        • Bharat Biotech International Limited | Covaxin Vaccine | Wiki.
        • Glenmark Life Science | Glenmark Life Science Wiki.
        • Medplus Health Services | Medplus Company Details
        • Pharmeasy Startup | PharmaEasy Wiki.
        • Tarsons Product Limited | Tarsons Product Wiki.
        • Windlas Biotech Pharma Company | Windlas Biotech Wiki.
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