December 2, 2022

Adani Wilmar’s preliminary public supply (IPO) was subscribed 1.13 instances on the second day of the providing right this moment. The IPO acquired bids for 13,85,77,270 shares of 12,25,46,150 shares on supply, BSE knowledge exhibits.

The info exhibits that the Retail Particular person Buyers (RIIs) class was subscribed 1.85 instances; non-institutional traders acquired 88 per cent subscription; and certified institutional patrons 39 per cent.

On Thursday, oil main Adani Wilmar’s IPO was subscribed 56 per cent on the primary day of the problem right this moment. 

Edible oil main’s, comprising recent fairness shares, opened for subscription on Thursday and can conclude on January 31. The worth band of the three day share sale is mounted at 218-230 per share. On Tuesday, Adani Wilmar Ltd had raised 940 crore from anchor traders forward of its preliminary public providing (IPO).

The corporate’s shares are anticipated to listing on inventory exchanges BSE and NSE on February 8, 2022. On the monetary entrance, Adani Wilmar’s revenue grew to 357 crore from 288.7 crore for the six months ended September within the present fiscal yr whereas income elevated to 24,957 crore as in opposition to 16,273 crore within the corresponding interval of the earlier yr.

Additionally learn: Adani Wilmar IPO: Must you subscribe as subject opens right this moment? GMP, key particulars right here

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