New Delhi:
Adani Wilmar promoters will sell up to 15.01% stake through OFS. Adani Commodities will use the green-shoe option in this OFS. Adani Commodities will choose the over subscription option for 1.51% stake and this offer will be for a total of 19.5 crore shares.

Adani Wilmar’s OFS was fully subscribed on January 10. According to data from exchanges, the offer was subscribed 111.19% till 3:30 pm. The non-retail portion of the OFS closed on January 10, while the retail investors’ portion will open for subscription on January 13.

According to the exchange filing, Adani Commodities, the promoter unit of Adani Wilmar, is selling 13.5% stake or 17.54 crore shares in the company through this OFS. This is the base issue size.

Let us tell you, Adani Wilmar had fixed the floor price of Rs 275/share for Offer for Sale OFS. This OFS will be open today i.e. between January 10 and January 13.

Adani Wilmar had double-digit revenue growth of 16% year-on-year in the second quarter. The company had said that the revenue growth in the second quarter was due to edible oil and food business. In the second quarter, the ‘Fortune’ branded segment had a revenue growth of 20% year-on-year and volume growth of 15%.

Adani Wilmar is a joint venture between Adani Group and Singapore’s Wilmar Group. The company has 23 plants in India, which are strategically located in 10 states. This includes 10 crushing units, 19 refineries and food capacities.

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