Adani Wilmar Limited, one of India’s leading FMCG companies, has announced an Offer for Sale (OFS) by its promoter, Adani Commodities LLP, to meet the regulatory requirements of minimum public shareholding as mandated by the Securities and Exchange Board of India (SEBI). The OFS will see the sale of up to 17.54 crore equity shares, representing 13.50% of the company’s equity capital, with an additional option to sell up to 6.50% more, bringing the total to 20% of the equity capital.
Key Details of the OFS:
- Dates:
- January 10, 2025: Offer opens for non-retail investors.
- January 13, 2025: Offer opens for retail investors.
- Floor Price: ₹275 per share, providing an attractive entry point for investors.
- Retail Discount: No discount offered for retail participants.
- Purpose: To comply with SEBI’s minimum public shareholding norms, enhance liquidity, and broaden investor participation.
The move by Adani Commodities LLP aligns with the company’s commitment to ensuring compliance with SEBI regulations that require listed companies to maintain a minimum of 25% public shareholding. By offloading shares through the OFS route, Adani Wilmar aims to enhance liquidity in the stock and attract a broader base of institutional and retail investors.
Adani Wilmar has established itself as a key player in the Indian FMCG market, with popular brands such as Fortune leading the edible oil, food, and personal care segments. The OFS comes at a time when the company is focusing on expanding its product portfolio and strengthening its presence in emerging markets.
The floor price of ₹275 per share represents a strategic pricing decision, aimed at attracting both retail and institutional investors while reflecting the company’s strong fundamentals and growth prospects.
