December 9, 2022

The preliminary public providing of edible oil main Adani Wilmar Restricted obtained 1.13 occasions subscription on the second day of providing on Friday. The IPO obtained bids for 138,577,270 shares towards 122,546,150 shares on provide, in response to an replace on BSE.

The class for Retail Particular person Traders (RIIs) was subscribed 1.85 occasions, whereas non-institutional buyers obtained 88 per cent subscription and Certified Institutional Consumers (QIBs) 39 per cent.

The IPO of as much as Rs 3,600 crore is in a worth vary of Rs 218-230 per share.

Adani Wilmar, which sells cooking oils and another meals merchandise below the For­tune model, is a 50:50 three way partnership between enterprise conglomerate Adani group and Singapore-based Wilm­ar. On Tuesday, Adani Wilmar Ltd had raised Rs 940 crore from anchor buyers.

(This story has not been edited by Enterprise Customary employees and is auto-generated from a syndicated feed.)

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