Adani Wilmar Ltd., a leading manufacturer of edible oils and food products, is all set to hit the capital markets with its Offer for Sale (OFS) by its promoter Adani Commodities LLP. The company plans to offer up to 25,99,35,722 equity shares of Rs. 1/- each, with a base size of up to 17,54,56,612 equity shares and an oversubscription option of up to 8,44,79,110 equity shares.
Retail investors have a reservation portion of 10% of the offer size, which amounts to up to 2,59,93,573 equity shares. The floor price for the OFS has been set at Rs. 275.00 per share, which represents a discount of 15.11% to the last close price as of January 9, 2025. The offer size at the floor price is estimated to be Rs. 7148.2 crore, with the base size accounting for Rs. 4825.1 crore and the oversubscription option for Rs. 2323.2 crore.
Non-retail investors will have the opportunity to trade on Friday, January 10, 2025, while retail investors can participate in the trade on Monday, January 13, 2025. The selling brokers for the OFS include Antique Stock Broking Ltd., ICICI Securities Ltd., Jefferies India Pvt. Ltd., Nuvama Wealth Management Ltd., and SBICAP Securities Ltd.
It is important to note that as per SEBI OFS guidelines, retail bids below the cut-off price will not be eligible for allocation. This OFS by Adani Wilmar Ltd. presents an opportunity for investors to acquire shares in a prominent player in the edible oils and food products industry.
In recent news, Adani Wilmar Ltd. has been focusing on expanding its product portfolio and increasing its market presence both domestically and internationally. The company has been leveraging its strong distribution network and brand reputation to capture market share and drive growth.
Overall, the OFS by Adani Wilmar Ltd. is expected to attract significant interest from investors looking to participate in the growth story of a leading player in the food products industry. With strong fundamentals and a track record of success, the company is well-positioned to deliver value to its shareholders in the long run.
