Adani Wilmar Ipo: Adani Wilmar IPO, that aims to raise up to ₹3,600 crore, is in a price range of ₹218-230 per share…
Adani Wilmar Ipo: January 31, is the last day to subscribe to fast-moving consumer goods (FMCG) company Adani Wilmar’s – known for edible oil brand Fortune – initial public offering (IPO).
The ₹3,600-crore initial public offering (IPO) of edible oil major Adani Wilmar was subscribed 1.13 times on Day 2 of issue opening for public subscription. The IPO has been priced at ₹218-230 a share, and the market lot is 65 shares.
portion subscription:
The portion reserved for retail investors subscribed 1.85 times, while the non-institution investors quota got 0.88 times; the QIB portion has received 0.39 times. The portion set aside for employees saw a subscription of 0.18 times. Quota reserved for shareholders received bids for 0.88 times so far.
In the first two days of the subscription process, the IPO received a tepid response from investors as it was oversubscribed by 1.19 times. The IPO is a complete fresh issue of equity shares of ₹3,600 crore and no existing promoters or shareholders will be selling any shares.
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