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    512599   INE423A01024

ADANI ENTERPRISES LIMITED

(512599)
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End-of-day quote Bombay Stock Exchange  -  05-19
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India's Adani Wilmar sets IPO price band at 218-230 rupees a share

01/21/2022 | 01:11am EDT
The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad

MUMBAI (Reuters) - India's leading edible oil refiner Adani Wilmar has set the indicative price band for its initial public offering (IPO) of shares at between 218 rupees and 230 rupees apiece, according to a marketing term sheet for the offering reviewed by Reuters.

The IPO, which will open for bidding on Jan. 27, will value the 50-50 joint venture between Singapore agribusiness Wilmar International and Indian conglomerate Adani Group at 299 billion rupees ($4.01 billion) at the top end of the price range.

The firm has cut the IPO size to 36 billion rupees from 45 billion rupees announced in 2021.

Adani Wilmar sells kitchen commodities such as edible oil and wheat in India under a diverse range of brands.

($1 = 74.5150 Indian rupees)

(Reporting by Rajendra Jadhav; Editing by Jacqueline Wong)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ADANI ENTERPRISES LIMITED 5.17% 2223.3 End-of-day quote.30.13%
LONDON BRENT OIL 0.75% 113.14 Delayed Quote.42.93%
MSCI SINGAPORE (GDTR) 1.76% 5645.21 Real-time Quote.-11.64%
WHEAT FUTURES (W) - CBR (FLOOR)/C1 12.81% 1177.5 End-of-day quote.52.77%
WILMAR INTERNATIONAL LIMITED -2.10% 4.19 Delayed Quote.3.62%
WTI 0.79% 110.666 Delayed Quote.44.84%
All news about ADANI ENTERPRISES LIMITED
05/18Adani Enterprises Forms New Subsidiary for Healthcare Business
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05/18Adani Group - Adani Portfolio Companies Complete INR 15400 Cr Primary Equity Transactio..
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05/18Adani Enterprises Announces Incorporation of a Wholly Owned Subsidiary
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05/11Adani Enterprises Limited Announces Incorporation of a Wholly Owned Subsidiary Namely, ..
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Analyst Recommendations on ADANI ENTERPRISES LIMITED
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Financials
Sales 2022 598 B 7 684 M 7 684 M
Net income 2022 15 074 M 194 M 194 M
Net Debt 2022 - - -
P/E ratio 2022 162x
Yield 2022 -
Capitalization 2 535 B 32 573 M 32 573 M
Capi. / Sales 2022 4,24x
Capi. / Sales 2023 4,08x
Nbr of Employees 790
Free-Float 18,7%
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Mean consensus HOLD
Number of Analysts 1
Last Close Price 2 223,30 INR
Average target price 2 062,00 INR
Spread / Average Target -7,25%
EPS Revisions
Managers and Directors
Rajesh Shantilal Adani Managing Director & Executive Director
Jugeshinder Singh Chief Financial Officer
Gautambhai Shantilal Adani Executive Chairman
Jatin R. Jalundhwala Secretary & Joint President-Legal
Hemant Madhusudan Nerurkar Independent Non-Executive Director
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