How Adani Wilmar’s India listing affects Wilmar International?

The public issue closed on 31 January.

The listing of Wilmar International’s joint venture Adani Wilmar (AWL) on the National Stock Exchange of India (NSE) and Commbay Srock Exchange (BSE) is expected to have a “minimal” impact on the Singaporean agribusiness, UOB Kay Hian said in a report.

The analyst also does not expect any special dividend post sisting of AWL.

This is because AWL only contributes 5% in the Wilmar Group’s earnings, the analyst explained.

“However, the easing of the capital needs from the holding company may lead to higher dividend payout in the future,” UOB Kay Hian said.

AWL’s IPO range was set at $3.92 to $4.14 per share (Rs218-230).

The public issue, comprising fresh equity shares, opened for subscription on 27 Jan 22 and closed on 31 January, translation into a market capitalisation of $5.09b to $5.38b (Rs283b-299b).

The edible oil manufacturer has allocated 40,865,217 shares to its 15 Anchor investors (AI) at the allocated price of $4.14 (Rs230) per share.

Of the total allocation, 39.22% was given to the government of Singapore and 8.66% was given to the Monetary Authority of Singapore.

(0.018 Rs = 1 SGD)

Follow the link s for more news on

UOB

Wilmar International Limited

joint venture listing

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia