Adani Wilmar Limited IPO Message Board (Page 38)

RII 733478. 1096.55 Cr.
HNI 314347. 469.95 Cr.
SH 240802. 360.00 Cr.
EMP. 71571. 107.00 Cr.
,..............................................................
TOTAL 1360198. 2033.50 Cr.

At time of listing 13,60,198 lots available to sale.
50% lots will be placed by sales order on listing day.
Who will buy at time of listing ?

MFs, Insurance companies and big FIIs
There is no direct listed peer and it's pure commodity and consumption play coming at reasonable valuation having enough headroom to grow in food items like Rice, flour,soya etc
Gradually people are moving from unbranded to branded food items and Adani Wilmar will be key beneficiary of it. As the enter into value added products in food items then their margin will also expand.

That means we can assume it easily absorbed in pre open session and list with atleast 20 % gain or more .

Ye forum un sabhi expert member ki wajah se hi famous hai jo ki better analysis kr ke advise karte hai like Rajakumar,Aniketiaf,Septa,Urchit patel,Eagle eye (GMP Expert) to hum sabhi same expectation Admin se bhi chahte hai kyonki ye sare log forum chhod chuke hai to admin hi advice kre like GMP and fundamental analysis and Growth prospects .

Never knew he was banned by Admin. I was a rookie back then trying to find my feet

@Cautious ProPrio: you are right. Chittorgarh site will keep running , banning someone won't impact , whoever he is. There are so many other good knowledgeable and experienced people also here who are giving good views on fundamentals/valuations and other ipo related things like @neolongus @ipo-mitr @harit @ ipobull @amit k singh @gjy @kdking @ganesh jaiswal @p patel @chalak lomdi @crow @chem cho @eageleye @sonal @noorul and hundred others are there and also new knowledgeable people will keep coming , nothing will be impacted on site by 1 people. Many others prominent names like rajkumar/septa etc also not there now but site is still running well and much better than before with new users, and there might be any reason for older people not to post, they might not getting time or might got old or anything. Many of us can also go away in future but new people will keep coming.

aniketiaf sir
adani me money lagaye ke nahi.
please recommadatio de sir

@sahab: posting here if you have missed it.
https://www.chittorgarh.com/ipo/ipo_discussions.asp?a=1173&c=491317&ap=0

Thanks you @lokes for saving time by quoting post of @Aniketiaf.

Final IPO subscription on 2nd day
QIB: 0.42X
HNI: 0.93X
Retail: 1.95X
Shareholders of AEL: 0.92X
Employee of AWL: 0.19X
Total: 1.20X

Retail portion application wise 1.53X

GMP: Rs 27-29

Likely subscription on final day
QIB 5X
HNI 12X
Retail 4X
Shareholders of AEL 6X
Employees 0.8-1X

I am going to apply under employees quota with full capacity...

Hiii I have commented this👇🏻Yesterday , don’t know y it’s not showing May they have deleted it … so the comment was

I am not applying for this IPO , on listing date of it goes down than at that time I will buy
Otherwise my luck
This is only my view, not forcing nor misleading anyone…

So u my comment has been deleted.. it is so,, listing will be negative 🤔🤔🤔
Bcoz nothing wrong was their in my comment

Have patience dear, If someone is declaring something drastic - give some rationale or better to observe. Take it in right spirit

C yr comment at 508

Likewise Paytm it will be failure IPO....but for long term ...must apply...my views..

Ashok rai ji he is absolutely correct.

Thanks

Ma dhuri he is absolutely wrong....adani wimlar is apply with full force...

I feel there should be some balance when it comes to posting messages on buybacks, secondary stock recommendations on main IPO pages.
Once company announces IPO dates these discussions should stop on main IPO pages till then admin can give some liberty(not a flood of messages). There can be times when we don't see much action in Primary market and these discussions do benefit section of individuals. So no harm in allowing in a limited and controlled manner

Adani Wilmar - For those who care beyond the GMP (based on annualization of H1'FY22 consolidated financials & post-money (top end of the price band)):

Tax Adj. RoCE (%): 25.8%
RoE (%): 19.6%

M-Cap: ~INR 29,888 cr
EV / Revenue (X): 0.5x
EV / EBITDA (X): 16.2x
P / E (X): 41.8x

Comparison presented with listed FMCG players on pg 93 of RHP is completely misleading and smacks of a desperate attempt to raise the profile and valuation of an extremely commoditized business with low brand affiliation as reflected in the gross margins which are ~10% this year (and fallen from 13% in FY19) resulting in a ~3% EBITDA margin and a ~1.5% PAT margin. A comparison with Marico specifically is unfair as the margin profile for the edible oil category is far superior for Marico and has been since many many years. Its true comparables are disasters of the past like Ruchi Soya, KS Oils, Gokul Refoils & Solvents etc. Also, the low gross margins are despite having Wilmar as a JV partner which is one of the world's largest palm oil plantations company - Adani Wilmar is essentially a downstream play for Wilmar and with its own USD 27 bn market cap I don't expect them to be very benign in terms of sales of RM for Adani Wilmar in which they will hold a stake valued at about USD 1.7 bn at time of the IPO . However, great balance sheet and financial management as reflected in the healthy operating cash flows and strong RoCE and RoE - though the volatile CFO/EBITDA ratio is a cause of concern. But am I eager to buy this business coming from the Adani Group at such a high PE ratio and consider it a portfolio stock - ABSOLUTELY NO! But do I think that a listing pop is possible - considering the tremendous performance of the Adani Group stocks, the excitement around issue launch and shareholder category related queries on this forum, I think it is!

Also, please note that this IPO has Kotak as the lead banker. Kotak was also the lead banker to the following in the last quarter: RTT (down ~20% on listing day close), Star Health (flat listing), Policy Bazaar (up ~23% on listing day close), Nykka (up ~97% on listing day close), Aditya Birla AMC (flat listing). Take your call! Keep minting!

@Neolongus- Thank you Sir. Effective & Helpfull Analysis...

@NeoLongus thanks for your review.Please post your review for Vedant Fashion ipo.

I know, not enough data yet. But, what do the experts think would make better sense of increasing chances of higher allotment:
A. Applying 14 lots (just above 2L) in SH and 1 lot in retail, or
B. Applying 13 lots (just below 2L) in SH and 14 lots (just above 2L) in HNI

Thanks @lokes.
Somehow the forest of obvious things is lost in the trees!

Planning to go with 1 lot Retail and 13 lot SH per PAN.
Was earlier thinking 50x+ was likely in SH. As of now, 13x seems unlikely in SH. Though crazy things happen in NII and SH on last afternoon :D
Will take final call around 1pm.

What is the expected subscription for sh quota?

Can sh subscription exceed 20 times? @ black swan. Do you think that's possible looking at current subscription?

Honestly I will be surprised to see SH exceeding 20 times

Wait for last day and then see how subscription time shoot up ..very stable company with good valuation... everyone is going to apply on last day

Timing of this ipo is very bad.

Thanks

Reliance k bhi naam hai reliance capital ka haal dekh lo sir

Except Adani Power which is still near IPO price after more than a decade

Gautam Adani replaces Mukesh Ambani as India’s richest person
The net worth of Adani stands at 89.5 billion dollar whereas Mukesh Ambani’s net worth is 89.4 billion dollar.
A must apply IPO with FF for long term. Thanks

To,
Chittorgarh team.
Can Ranked member Aniketiaf sir left this forum or block by team chittorgarh?
His name not shown in ranked members list.
We missing him from last few days.
If u block him, kindly I request u to unblock him.

@Admin
Do not agree with the decision considering there are genuine issues present which haven't been addressed. The buyback UI isn't friendly, not is the Secondary market forum. So members like Aniket Ji, KSSR ji etc post such messages in popular IPO pages. Kindly provide a solution to the problems before taking any such harsh measures.

One suggestion I can think of is having a common page titled "Common Discussion Forum" which can be accessed from the top of each and every page where any Discussion related to buybacks, secondary markets and new IPOs whose pages aren't created can take place. If members feel accessibility to older messages is a issue, we can have monthly discussion pages. I'm fairly new and provided this suggestion with limited experience I have. I'll request other senior members to add suggestions and the feasible solutions can be worked upon by Chittorgarh Team.

Once the appropriate authority has taken some action, there may reason beyond our comprehension a hint of which is given by the Admin.
A caution always works for betterment.

I can see Many posting messages (Including me) related to TCS Buyback and LIC IPO in Adani Wilmar Window. Chittorgarh Admin team is very strict like my school headmaster :). Please be careful everyone will be blocked.

Phir admin khud ko message karega and khud hi reply bhi kardega 😅😂

Well said 😂😂

HNI Bidding can be modified? Or deleted?

Offer cannot be deleted or downgraded, can only be upgraded till 1pm to 3 pm last day, depending on different banks.

I am thinking of not to apply for this IPO, if listing goes down then I will buy at that time …. Otherwise my luck…
Just a view from my side… not forcing nor misleading any investor…..

We have somehow these kind of situation during hdfc life IPO. Before hdfc life IPO, two giants sbi life & ICICI prudential didn't gave listing gain and hdfc life was under subscribe in retail quota but after listing it surprise everyone.

So may be adani Wilmar also can surprise after listing.

I have already applied full force in retail
For shareholder will decide on last day.

@SVR

Positive

Adani Wilmar rocks
After listing 🔥🔥🔥

Dharmaj crop guard files draft papers for IPO to raise 250-300 crore.