Adani Group intends to raise Rs 1,500 billion through an initial public offering of its NBFC divisio


A non-bank lender sponsored by Asia's richest man, Gautam Adani, Adani Wilmar, a subsidiary of After FMCG, plans to raise at least Rs 1,500 crore ($188 million) in an IPO in Mumbai that might happen as early as 2024. According to Managing Director and Chief Executive Officer Gaurav Gupta, the first-ever share offering by Adani Capital would sell around a 10% interest in the shadow bank and aim for a valuation of about $2 billion.


The CEO stated that "If you are listed then your capacity to obtain further capital is higher" in a Bloomberg interview.

Utilizing technology, Adani Capital hopes to increase its share of the market for loans between Rs 300,000 and Rs 3,000,000. Gupta claimed that although they are a credit company using technology to better efficiently acquire or underwrite consumers, they are a fintech company.


According to the CEO, Adani Capital has a direct-to-customer distribution approach and generates 90% of its revenue.

Gupta also disclosed to Bloomberg that the company has 154 offices spread across eight states and roughly 60,000 debtors. He noted that it also manages loans totaling roughly 30 billion rupees and estimated the gross non-performing assets to be around 1%.


Gupta, who holds minority ownership in the company, stated, "My objective is to expand the loan book every year."


Adani Capital announces the debut of the Adani Group into the financial sector. The business started lending in April 2017, and since then it has divided its operations into retail and rural financing. It offers financial services for agricultural equipment, 3-wheelers, small commercial vehicles, and farm loans. Additionally, the business provides trade and supply chain financing as well as loans for MSME businesses.

The organization is currently growing its branch network in the states of Madhya Pradesh, Rajasthan, Gujarat, and Maharashtra.


Earlier this week, Gautam Adani, the chairman of the business conglomerate, announced that the aggregate market capitalization of the Adani Group has surpassed $200 billion this year.

According to him, the group entered several industries, including data centers, digital super applications, industrial clouds, metals, and minerals, as well as defense and aerospace, all of which were in line with the government's goal of Atmanirbhar Bharat.


Gautam Adani spoke at the Adani Group's annual general meeting and emphasized the company's accomplishments to date. "Over the past year, we have grown to be the nation's largest airport operator. The company is now the largest FMCG company in the nation thanks to the successful Adani Wilmar IPO, he claimed.


"This year, the aggregate market value of our Group exceeded US$ 200 billion. We were able to raise billions of dollars from global markets, which is a clear indication that people have faith in India's and Adani's growth story "said he. The head of the Adani Group also stated that numerous international governments were now contacting them to work in their regions and aid in the development of their infrastructure. "As a result, we also established the groundwork to seek a wider expansion beyond India's borders in 2022, "added he.

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