Can you make a fortune in Adani Wilmar IPO? What brokerages say

The IPO in the price band of Rs 218 to Rs 230 per share will be open for subscription from January 27 to January 31.

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In October, Sebi issued a discussion paper highlighting the extremely narrow band companies were fixing for their IPOs

Rex Cano Mumbai
Adani Wilmar Ltd (AWL) was incorporated in 1999 as a joint venture between Adani Group and Wilmar Group of Singapore. This FMCG company product portfolio is spread across three different categories, (i) Edible Oil (ii) Packaged food & FMCG – such as wheat flour, rice, pulses, and sugar (iii) Industry essentials.

ADL is among the top five fastest growing packaged food companies in India, with Fortune as its popular brand. The company has 22 manufacturing facilities, comprising 10 crushing units and 18 refineries, located across 10 states in India.

First Published: Jan 27 2022 | 07:58 AM IST

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