Basis of Allotment

THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT AND DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY OUTSIDE INDIA.

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ADANI WILMAR LIMITED

Our Company was incorporated on January 22, 1999 in Ahmedabad. Gujarat as a public company under the Companies Act 1956, as amended pursuant to a certificate of incorporation dated January 22, 1999 issued by Registrar of Companies, Gujarat ("RoC"). Our Company commenced its operations pursuant to the certificate of commencement of business dated January 25, 1999 issued by the RoC For details of registered office of our Company, see "History and Certain Corporate Matters" beginning on page 170 of the Prospectus dated February 1, 2022 ("Prospectus").

Registered and Corporate Office Fortune House, Near Navrangpura Railway Crossing, Ahmedabad 380009, Gujarat, India.
Contact Person: Darshil Lakhia, Company Secretary and Compliance Officer; Tel; +91-79-26455848; E-mail: investor.relations@adaniwilmar.in
Website: www.adaniwilmar.com, Corporate Identity Number U15146GJ1999PIC035320
OUR PROMOTERS: ADANI ENTERPRISES LIMITED, ADANI COMMODITIES LLP AND LENCE PTE. LTD.

Our Company has filed the Prospectus dated February 1, 2022 with the ROC (the "Prospectus") and the Equity Shares are proposed to be listed on the National Stock Exchange of India Limited ("NSE") and the BSE Limited ("BSE") and the trading will commence on February 8, 2022.

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER OF 156,729,745 EQUITY SHARES OF FACE VALUE OF RS. 1 EACH ("EQUITY SHARES") OF ADANI WILMAR LIMITED ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF RS. 230 PER EQUITY SHARE AGGREGATING TO RS. 36,000 MILLION ("ISSUE").

THE ISSUE INCLUDES AN ALLOTMENT OF 2,278,185 EQUITY SHARES AGGREGATING TO RS. 476.14 MILLION (CONSTITUTING 0.18% OF THE POST-ISSUE PAID-UP SHARE CAPITAL) TO ELIGIBLE EMPLOYEES ("EMPLOYEE RESERVATION PORTION") AND AN ALLOTMENT OF 15,652,173 EQUITY SHARES AGGREGATING TO RS. 3,600 MILLION (CONSTITUTING 1.20% OF THE POST-ISSUE PAID-UP SHARE CAPITAL) TO ELIGIBLE AEL SHAREHOLDERS ("SHAREHOLDER RESERVATION PORTION"). IN ACCORDANCE WITH THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018, AS AMENDED (THE "SEBI ICDR REGULATIONS"), THE SHAREHOLDER RESERVATION PORTION DOES NOT EXCEED 10% OF THE ISSUE SIZE. THE ISSUE LESS THE EMPLOYEE RESERVATION PORTION AND THE SHAREHOLDER RESERVATION PORTION IS HEREINAFTER REFERRED TO AS "NET ISSUE". THE ISSUE AND NET ISSUE SHALL CONSTITUTE 12.06% AND 10.68%, RESPECTIVELY, OF THE POST-ISSUE PAID-UP SHARE CAPITAL OF OUR COMPANY. THE FACE VALUE OF EQUITY SHARES IS RS.1 EACH. THE ISSUE PRICE IS 230 TIMES THE FACE VALUE OF THE EQUITY SHARES.

OUR COMPANY, IN CONSULTATION WITH THE MANAGERS, HAS OFFERED A DISCOUNT OF RS. 21 PER EQUITY SHARE TO ELIGIBLE EMPLOYEES BIDDING IN THE EMPLOYEE RESERVATION PORTION.

ISSUE PRICE: RS. 230 PER EQUITY SHARE OF FACE VALUE OF RS. 1 EACH
ANCHOR INVESTOR ISSUE PRICE: RS. 230 PER EQUITY SHARE
THE ISSUE PRICE IS 230 TIMES THE FACE VALUE OF THE EQUITY SHARES
Risks to Investors:
Our business is subject to risks associated with commodities such as price fluctuations in international market, seasonality variations and foreign currency risks.
Average cost of acquisition of Equity Shares for the Promoters ranges from Rs. 6.156 per Equity Share to Rs. 12.675 per Equity Share and Issue Price at upper end of the Price Band is Rs. 230 per Equity Share.
Weighted Average Return on Net Worth for Fiscals 2021, 2020, 2019 is 19.97%.
Out of our 19 refineries, our refinery in Mundra has the highest capacity (30%), making our operations proportionately dependent upon it.
The Seven Book Running Lead Managers associated with the Issue have handled 50 public issues in the past 18 months out of which 17 issues closed below the issue price on listing date.
BID/ISSUE PERIOD OPENED ON: THURSDAY, JANUARY 27, 2022
CLOSED ON: MONDAY, JANUARY 31, 2022
ANCHOR INVESTOR BID/ISSUE PERIOD WAS TUESDAY, JANUARY 25, 2022

The Issue was made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 31 of the SEBIICDR Regulations and in compliance with Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Net Issue was available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs", the "QIB Portion") Our Company, in consultation with the Managers allocated 60% of the QIB Portion to Anchor Investors on a discretionary basis m accordance with the SEBI ICDR Regulations ("Anchor Investor Portion"), of which one-third was reserved for domestic Mutual Funds, subject to valid Bids having been received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription, or non-allocation m the Anchor Investor Portion, the balance Equity Shares were added to the Net QIB Portion Further. 5% of the Net QIB Portion was made available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the Net QIB Portion was made available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids having been received at or above the Issue Price. Further, not less than 15% of the Net Issue was made available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Issue was made available for allocation to RIBs in accordance with the SEBI ICDR Regulations, subject to valid bids having been received at or above the Issue Price All potential Bidders (except Anchor Investors) were required to mandatonly utilise the Application Supported by Blocked Amount ("ASBA") process providing details of Issue respective ASBA accounts, and UPI ID in case of RIBs using the UPI Mechanism, if applicable, in which the corresponding Bid Amounts were blocked by the SCSBs or under the UPI Mechanism, as the case may be to the extent of respective Bid Amounts Anchor Investors were not permitted to participate in the Issue through the ASBA process. For details, see - Issue Procedure' beginning on page 362 of the Prospectus.

The bidding for Anchor Investor opened and dosed on Tuesday, January 25, 2022. The Company received 15 applications from 13 Anchor Investors for 40,865,240 Equity Shares. The Anchor Investor Issue Price was finalized at Rs. 230 per Equity Share. A total of 40,865,217 Equity Shares were allocated under the Anchor Investor Portion aggregating to Rs. 9,398,999,910.00.

The Issue received 2,050,311 applications for 2,135,993,925 Equity Shares (prior to technical rejections) resulting in 13.61 times subscription. The details of the applications received in the Issue from various categories are as under, (before technical rejections):

SI. No. Category No. of Applications No. of Equity Shares Applied Equity Shares reserved as per Prospectus No. of times Subscribed Amount (Rs.)
A. Retail Individual Investors 1,999,263 170,931,930 47,676,087 3.5853 39,320,478,745,00
B. Non Institutional Investors 5,677 1,222,416,195 20,432,609 59.8267 281,155,531,605,00
C Eligible Employees 2,701 2,394,860 5,119,617 0.4678 505,907,285,00
0 Eligible AEL Shareholders 42,610 538,759,195 15,652,173 34.4207 123,914,827,270,00
E. Qualified Institutional Bidders (excluding Anchor Investors) 45 160,626,505 27,243,478 5.8960 36,944,096,150,00
F. Anchor Investors 15 40,865,240 40,865,217 1.0000 9,399,005,200 00
Total 2,050,311 2,135,993,925 156,989,181 13.61 491,239,846,255,00

Final Demand

A summary of the final demand as at different Bid prices is as under:

Bid Price No. of Equity Shares % to Total Cumulative Total Cumulative % to Total
218 2,107,105 0.10 2,107,105 0.10
219 168,155 0.01 2,275,260 0.11
220 1,014,780 0.05 3,290,040 0.15
221 97,305 0.00 3,387,345 0.16
222 204,230 0.01 3,591,575 0.17
223 80,600 0.00 3,672,175 0.17
224 185,445 0.01 3,857,620 0.18
225 1,268,215 006 5,125,835 0.24
226 76,505 0.00 5,202,340 0.24
227 85,930 0.00 5,288,270 0.25
228 540,540 0.03 5,828,810 0.27
229 544,570 0.03 6,373,380 0.30
230 1,971,278,595 92.19 1,977,651,975 92.49
9999 160,584,190 7.51 2,138,236,165 100.00
TOTAL 2,138,236,165 100.00

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being the NSE on February 03, 2022.

A. Allotment to Retail Individual Bidders (after technical rejections) (including ASBA Applications)

The Basis of Allotment to the Retail Individual Bidders, who have bid at the Cut-Off Price or at the Issue Price of Rs. 230 per Equity Share was finalized in consultation with the NSE This category has been subscribed to the extent of 3.3249 times. The total number of Equity Snares Allotted in Retail Portion is 48,579,786 Equity Shares to 747,381 successful Retail Individual Bidders. The category-wise details of the Basis of Allotment are as under:

Category No. of Applications Received %of Total Total No. of Equity Shares Applied % to Total No. of Equity Shares allotted per Bidder Ratio Total No. of Equity Shares Allotted
65 1,706,056 89.98 110,893,640 68.65 65 54:137 43,710,680
130 100,627 5.31 13,081,510 8.10 65 54:137 2,578,160
195 28,001 1.48 5,460,195 3.38 65 54:137 717,405
260 14,252 0.75 3,705,520 2.29 65 54:137 365,105
325 9,414 0.50 3,059,550 1.89 65 54:137 241,215
390 5,655 030 2,205,450 1.37 65 54:137 144,885
455 4,848 0.26 2,205,840 1.37 65 54:137 124,215
520 2,203 0.12 1,145,560 071 65 54:137 56,420
565 957 0.05 559,845 035 65 54:137 24,505
650 5,018 026 3,261,700 2.02 65 54:137 128,570
715 705 0.04 504,075 0.31 65 54.137 18,070
780 1,184 0.06 923,520 0.57 65 54:137 30,355
845 17,180 0.91 14,517,100 8.99 65 54:137 440,180
21:74909 21
TOTAL 1,896,100 100.00 161,523,505 100.00 48,579,786

Includes 903,699 Equity Shares spilled over from Employee Category

B. Allotment to Non-Institutional Bidders (after technical rejections)

The Basis of Allotment to the Non-Institutional Bidders, who have bid at the Issue Price of Rs. 230 per Equity Share was finalized in consultation with the NSE. The Non-Institutional Portion has been subscribed to the extent of 58.5123 times. The total number of Equity Shares Allotted in this category is 20,819,909 Equity Shares to 3,652 successful Non- Institutional Bidders. The category-wise details of the Basis of Allotment are as under: (Sample)

Category No. of Applications Received %of Total Total No. of Equity Shares Applied %to Total No. of Equity Shares allotted per Bidder Ratio Total No. of Equity Shares Allotted
650 1 0.02 650 0.00 65 0:1 0
910 1001 18.52 910,910 0.07 65 24:100 15,600
975 297 5.49 289,575 0.02 65 76:297 4,940
1,040 131 2.42 136,240 0.01 65 36:131 2,340
1,105 53 0.98 58,565 0.00 65 15:53 975
1,170 46 0.85 53,820 0.00 65 14:46 910
1,235 16 0.30 19,760 0.00 65 5:16 325
1,300 279 5.16 362,700 0.03 65 95:279 6,175
1,365 38 0.70 51,870 0.00 65 14:38 910
1,430 29 0.54 41,470 0.00 65 11:29 715
1,495 19 0.35 28,405 0.00 65 7:19 455
1,560 20 0.37 31,200 0.00 65 8:20 520
27,170 2 0.04 54,340 0.00 465 1:1 930
27,365 1 0.02 27,365 0.00 468 1:1 468
27,690 1 0.02 27,690 0.00 473 1:1 473
27,820 1 0.02 27,820 0.00 475 1:1 475
27,950 1 0.02 27,950 0.00 478 1:1 478
28,210 5 0.09 141,050 0.01 482 1:1 2,410
28,275 2 0.04 56,550 0.00 483 1:1 966
28,535 2 0.04 57,070 0.00 488 1:1 976
28,600 3 0.06 85,800 0.01 489 1:1 1,467
28,730 2 0.04 57,460 0.00 491 1:1 982
29,250 4 0.07 117,000 0.01 500 1:1 2,000
29,315 1 0 02 29,315 0.00 501 1:1 501
8, 695, 635 10 0.18 86, 956,350 7.14 148, 612 1:1 1,486, 120
8,963, 500 2 0.04 17,927,000 1.47 153,190 1:1 306,380
9, 782,565 1 0.02 9,782, 565 0.80 167,188 1:1 167,188
9, 999,990 1 0.02 9, 999, 990 0.82 170,905 1:1 170,905
10,652, 135 1 0 02 10,652,135 0.87 182,051 1:1 182,051
10, 869, 560 10 018 108,695, 600 8.92 185, 766 1:1 1,857,660
13, 043, 420 1 0.02 13,043,420 1.07 222,919 1:1 222,919
13, 043,485 1 0.02 13,043,485 1.07 222,920 1:1 222,920
14,331, 850 1 0.02 14, 331,850 1.18 244, 939 1:1 244,939
15,217, 345 3 0.06 45,652,035 3.75 260, 072 1:1 780,216
15, 230, 150 1 0 02 15,230,150 1.25 260,291 1:1 260,291
15,347, 800 1 0.02 15,347,800 1.26 262,302 1:1 262,302
17, 391, 270 1 0.02 17,391,270 1.43 297,225 1:1 297,225

Includes 397,300 Equity Shares spilled over from Employee Category

C. Allotment to Eligible Employees (after technical rejections) (including ASBA Applications)

The Basis of Allotment to the Eligible Employees, who have bid at the Issue Price of Rs. 209 (at a discount of 121 per Equity Share offered to Eligible Employees) per Equity Share or above, was finalized in consultation with NSE This category has been subscribed to the extent of 0.4450 times. The total number of Equity Shares Allotted in this category is 2,278,185 Equity Shares to 2,447 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category No. of Applications Received %of Total Total No. of Equity Shares Applied %to Total No. of Equity Shares allotted per Bidder Ratio Total No. of Equity Shares Allotted
65 584 23.87 37,960 1.67 65 1:1 37,960
130 186 7.60 24,180 1.06 130 1:1 24,180
195 103 421 20,085 0.88 195 1:1 20,085
260 140 5.72 36,400 1.60 260 1:1 36,400
325 66 2.70 21,450 0.94 325 1:1 21,450
390 45 1.84 17,550 0.77 390 1:1 17,550
455 65 2.66 29,575 1.30 455 1:1 29,575
520 54 2.21 28,080 1.23 520 1:1 28,080
585 27 1.10 15,795 0.69 585 1:1 15,795
650 40 1.63 26,000 1.14 650 1:1 26,000
715 38 1.55 27,170 1.19 715 1:1 27,170
780 14 0.57 10,920 0.48 780 1:1 10,920
845 52 2.13 43,940 1.93 845 1:1 43,940
910 97 3.96 88,270 3.87 910 1:1 88,270
975 80 3.27 78,000 3.42 975 1:1 78,000
1, 040 32 1.31 33,280 1.46 1040 1:1 33,280
1, 105 14 0.57 15,470 0.68 1105 1:1 15,470
1, 170 19 0.78 22,230 0.98 1170 1:1 22,230
1, 235 12 0.49 14,820 0.65 1235 1:1 14,820
1,300 22 0.90 28,600 1.26 1300 1:1 28,600
1, 365 18 0.74 24,570 1.08 1365 1:1 24,570
1, 430 22 0.90 31,460 1.38 1430 1:1 31,460
1, 495 16 0.65 23,920 1.05 1495 1:1 23,920
1, 560 10 0.41 15,600 0.68 1560 1:1 15,600
1, 625 17 0.69 27,625 1.21 1625 1:1 27,625
1, 690 10 0.41 16,900 0.74 1690 1:1 16,900
1, 755 7 0.29 12,285 0.54 1755 1:1 12,285
1, 820 4 0.16 7,280 0.32 1820 1:1 7,280
1, 885 14 0.57 26,390 1.16 1885 1:1 26,390
1, 950 14 0.57 27,300 1.20 1950 1:1 27,300
2, 015 13 0.53 26,195 1.15 2015 1:1 26,195
2, 080 13 0.53 27,040 1.19 2080 1:1 27,040
2,145 38 1.55 81,510 3.58 2145 1:1 81,510
2, 210 12 0.49 26,520 1.16 2210 1:1 26,520
2, 275 13 0.53 29,575 1.30 2275 1:1 29,575
2, 340 536 21.90 1,254,240 55.05 2340 1:1 1,254,240
TOTAL 2,447 100.00 2,278,185 100.00 2,278,185

The under subscribed portion in the Employee Category (without considering discount) has been spilled over to QIBs, Non-Institutional Investors and Retail Individual Investors in the ratio of 50:15:35 i.e. 1,290,997 Equity Shares for QIBs, 387,300 Equity Shares for Non Institutional Investors and 903,699 Equity Shares for Retail Individual Investors.

D. Allotment to Eligible AEL Shareholders

The Basis of Allotment to the Eligible AEL Shareholders who have bid at the Issue Price of Rs. 230 per Equity Share was finalized in consultation with the NSE. The Shareholder Reservation Portion has been subscribed to the extent of 33.5939 times. The total number of Equity Shares Allotted in this category is 15,652,173 Equity Shares to 4,612 successful Eligible AEL Shareholders The category-wise details of the Basis of Allotment are as under: (Sample)

 

Category No. of Applications Received %of Total Total No. of Equity Shares Applied %to Total No. of Equity Shares allotted per Bidder Ratio Total No. of Equity Shares Allotted
65 26591 64.28 1,728,415 0.33 65 5:168 51,415
130 3851 9.31 500,630 0.10 65 4:67 14,885
195 1605 3.88 312,975 0.06 65 5:56 9,295
260 1014 2.45 263,640 0.05 65 3:25 7,865
325 716 1.73 232,700 0.04 65 3:20 6,955
390 517 1.25 201,630 0.04 65 92:517 5,980
455 504 1.22 229,320 0.04 65 5:24 6,825
520 232 0.56 120,640 0.02 65 55:232 3,575
585 149 0.36 87,165 0.02 65 40:149 2,600
650 583 1.41 378,950 0.07 65 3:10 11,310
715 142 0.34 101,530 0.02 65 46:142 2,990
780 588 1.42 458,640 0.09 65 5:14 13,650
845 3552 8.59 3, 001,440 0.57 65 55:142 89,375
18, 265 1 0.00 18,265 0.00 544 1:1 544
18, 590 1 0.00 18,590 0.00 553 1:1 553
19, 175 1 0.00 19,175 0.00 571 1:1 571
19, 500 7 0.02 136,500 0.03 580 1:1 4, 060
19, 760 1 0.00 19,760 0.00 588 1:1 588
19, 955 1 0.00 19,955 0.00 594 1:1 594
23 4-3 1 0.00 20,410 0.00 608 1:1 608
20, 475 1 0.00 20,475 0.00 609 1:1 609
21, 255 1 0.00 21, 255 0.00 633 1:1 633
21, 515 2 0.00 43,030 0.01 641 1:1 1, 282
5, 652, 140 1 0.00 5,652,140 1.07 168, 248 1:1 168, 248
5739,110 1 0.00 5, 739, 110 1.09 170,837 1:1 170,837
6, 056, 925 5 0.01 30,434, 625 5.79 181, 190 1:1 905, 950
6, 521, 710 6 0.01 39,130,260 7.44 194, 133 1:1 1,164, 798
6, 956, 495 1 0.00 6,956,495 1.32 207, 075 1:1 207,075
7,608 640 2 0.00 15,217,280 2.89 226 488 1:1 452,976
8, 695, 635 2 0.00 17,391,270 3 31 258, 845 1:1 517, 690
10, 000, 250 1 0.00 10,000,250 1.90 297, 680 1:1 297, 680
10,434,775 2 0.00 20,869,550 3.97 310, 614 1:1 621, 228
10 869, 560 3 0.01 32,608, 680 6.20 323, 557 1:1 970, 671
13,446 875 1 0.00 13,446, 875 2.56 400 276 1:1 400, 276
15, 217 345 1 0.00 15,217,345 2.89 452, 978 1:1 452, 978
15,652, 130 2 0.00 31, 304, 260 5.95 465, 921 1:1 931, 842

E.   Allotment to QIBs (Excluding Anchor Investors) (after technical rejections)

Allotment to QIBs, who have Bid at the Issue Price of Rs. 230 per Equity Share has been done on a proportionate basis in consultation with the NSE. This category has been subscribed to the extent of 5.6292 times of QIB Portion, As per the SEBI Regulations, Mutual Funds were Allotted 5% of the Equity Shares of QIB Portion available i.e, 1,426724 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were Allotted the remaining available Equity Shares i.e., 27,107,751 Equity Shares on a proportionate basis. The total number of Equity Shares Allotted in the QIB Portion is 28,534,475 Equity Shares, which were allotted to 45 successful QIB Bidders The category-wise details of the Basis of Allotment are as under The category-wise details of the Basis of Allotment are as under:

Category FIs/Banks MF's IC's AIF FPIs/FIIs Others Total
QIB 2,072,870 2,442,328 148,055 488,658 8,946,165 14,436,399 28,534,475

Includes 1,290,997 Equity Shares spitted over from Employee Category.

F. Allotment to Anchor Investors

The Company, in consultation with the Managers has allocated 40,865,217 Equity Shares to 13 Anchor Investors (through 15 Applications) at the Anchor Investor Issue Price of Rs. 230 per Equity Share in accordance with the SEBI Regulations.

Category Fls/Banks MF's IC's AIF FPIs/FIIs Others Total
Anchor - 6,869,525 - 2,082,837 28,652,000 3,260,855 40,865,217

In terms of Prospectus dated February 1, 2022 and Basis of Allotment post taking into account spill over from Employee Reservation Portion, the final Issue structure is as follows

Category No. of Equity Shares as per Prospectus Equity Shares Allotted post spill over*
Anchor Investors 40,865,217 40,865,217
Qualified Institutional Buyers (excluding Anchor Investors) 27,243,478 28,534,475
Retail Individual Investors 47,676,087 48,579,786
Non-Institutional Investors 20,432,609 20,819,909
Eligible Employees 5,119,617 2,278,185
AEL Shareholders 15,652,173 15,652,173
Total 156,989,181 156,729,745

*The under subscribed portion of 2,581,996 Equity Shares in the Employee Category has been spilled over to QIBs Non-Institutional Investors and Retail Individual Investors in the ratio of 50:15:35

The IPO Committee of our Company on February 3, 2022 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being NSE. The IPO Committee of our Company on February 4, 2022 has allotted the Equity Shares to various successful Bidders The Allotment Advice-cum-intimations and/or notices will be emailed or dispatched to the email id or address of the investors as registered with the depositories. Further, the instructions to the Self Certified Syndicate Banks for unblocking of funds, transfer to Public Issue Account have been issued on February 3, 2022 and payment to non-Syndicate brokers have been issued on February 4, 2022. In case the same is not received within ten days, investors may contact the Registrar to the Issue at the address given below The Equity Shares Allotted to the successful Allottees have been uploaded on February 4, 2022 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has filed the Listing application with NSE and BSE on February 4, 2022. The Company has received listing and trading approval from NSE and BSE and the trading will commence on February 8, 2022.

Note: All capitalised terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus.

INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrar to the Issue, Link Intime India Private Limited at www.linkintime.co.in

All future correspondence m this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ sole Bidder, Bid cum Application Form number, Bidder DP ID, Client ID, PAN, date of submission of Bid cum Application Form address of the Bidder, number of Equity Shares applied for, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below:

wpeCE.jpg (1424 bytes)
Link Intime India Private Limited
C 101,247 Park, L B.S Marg, Vikhroli (West), Mumbai - 400 083
Maharashtra, India,
Tel: +91 22 4918 6200
E-mail adaniwilmar.ipo@linkmtime.co.in
Website www.linkintime.co.in
Investor Grievance ID adaniwilmarpo@linkintime.co.in
Contact Person Shanti Gopalkrishnan
SEBI Registration Number: INR000004058
For ADANI WILMAR LIMITED
On behalf of the Board of Directors
Place: Ahmedabad Sd/-
Date: February 07, 2022 Company Secretary and Compliance Officer

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF ADANI WILMAR LIMITED.

ADANI WILMAR LIMITED has filed the Prospectus with RoC on February 1, 2022 and thereafter with SEBI and the Stock Exchanges. The prospectus is available on the website of SEBI at www.sebi.gov.in, websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com. respectively and is available on the websites of the BRLMs, i.e. Kotak Mahindra Capital Company Limited. J.P. Morgan India Private Limited, BofA Secunties India Limited, Credit Suisse Securities (India) Private Limited, ICICI Securities Limited, HDFC Bank Limited and BNP Paribas at https://investmentbank.kotak.com, www.jpmipl.com, www.ml-india.com, https://www.credit-suisse.com/in/en/investment-banking-apac/investment-banking-in-india/ipo.html, www.icicisecurities.com, www.hdfcbank.com and www.bnpparibas.co.in, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see the section entitled "Risk Factors" onpage21 of the Prospectus.

The Equity Shares offered in the Issue have not been and will not be registered under the U.S. Securities Act of 1933, as amended ('U.S. Securities Act'), or any other law of the United States and, unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws Accordingly, the Equity Shares are being offered and sold (i) within the United States only to persons reasonably believed to be "qualified institutional buyers" (as defined in Rule 144A under the U S Securities Act) under Section 4(a) of the U .S. Securities Act, and (ii) outside the United States in offshore transactions in compliance with Regulations under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales are made. There will be no public offering of Equity Shares in the United States.