Adani Wilmar IPO - Investment Rationale, Key Risks, Concerns: ICICI Direct

Adani Wilmar IPO - Investment Rationale, Key Risks, Concerns: ICICI Direct

<div class="paragraphs"><p>Adani Wilmar Fortune Brand. (Source: Company website)</p></div>
Adani Wilmar Fortune Brand. (Source: Company website)

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ICICI Direct's IPO Report

Adani Wilmar Ltd., an equal joint venture between Adani Enterprises and Wilmar International, is among the largest fast moving consumer goods companies in India.

Adani Wilmar is known for its wide range of offerings in edible oils comprising soya bean, sunflower, mustard and rice bran, among others under its well established 'Fortune' brand.

The company has 22 plants in India, which are strategically located across 10 states, comprising 10 crushing units and 19 refineries. The company is a leader in the edible oil segment and commands the highest market share of ~18.3% through its Fortune and other brands.

Apart from the oil segment, it also offers products like wheat flour, rice, pulses and sugar under its different brands across a broad price spectrum.

Click on the attachment to read the full IPO report:

ICICI Direct Adani Wilmar IPO Review.pdf


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