Adani Wilmar IPO offers exposure to fast growing packaged staples business

Issue dates: January 27-31, 2022 Issue price: Rs 218-230 Issue size: Rs 3,600 crore Lot size: 65 shares Adani Group’s consumer business, which is a joint venture with Singapore-based Wilmar International, is looking to raise Rs 3,600 crore from the primary market for capital expenditure, repayment of debt, and for acquisitions. After the IPO, Adani and Wilmar International will each hold 44 per cent stake, which will have to be brought down