In today’s briefing:
- Adani Wilmar IPO Initiation: Cooking up a Business
Adani Wilmar IPO Initiation: Cooking up a Business
- Adani Wilmar (6596700Z IN) is a leading FMCG food company in India. It is set to launch an IPO to raise Rs36,000 million ($483 million) at a price of Rs218-230.
- The business is navigating the high commodity prices by delivering high growth (price increases) and creditable margin performance in face of higher raw material costs.
- Overall, this IPO is worth a closer look. The offer period is from 27 to 31 January. The shares will be listed on 8 February.
Before it’s here, it’s on Smartkarma
