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IPO

Adani Wilmar raises Rs.940-Cr from anchor investors

MoneyControl  

Edible oil and FMCG products company Adani Wilmar Ltd (AWL) has attracted INR 939.9 crore from 15 anchor investors ahead of its IPO. The company has finalised allocation of 4.08 crore equity shares to the anchor investors - including GIC, Jupiter India Fund, Volrado Venture Partners Fund, Societe Generale, Cohesion MK Best Ideas, Winro Commercial and Dovetail India Fund - at a price of INR 230 per share. Mutual funds including HDFC Mutual Fund, Nippon Life India Trustee, Aditya Birla Sun Life Trustee, and Sun Life Excel India Fund also participated in the anchor book. Adani Wilmar is planning to raise INR 3,600 crore through its public issue with a price band of INR 218-230 per share. Adani Wilmar's product portfolio includes edible oil, packaged food and FMCG, and industry essentials. As of March 31, 2021, the Refined Oil in Consumer Packs (ROCP) market share of the company's branded edible oil was 18.3%, making it one of the top edible oil brands in India.