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.)

Pricey Reader,

Enterprise Customary has all the time strived arduous to supply up-to-date data and commentary on developments which might be of curiosity to you and have wider political and financial implications for the nation and the world. Your encouragement and fixed suggestions on easy methods to enhance our providing have solely made our resolve and dedication to those beliefs stronger. Even throughout these troublesome occasions arising out of Covid-19, we proceed to stay dedicated to conserving you knowledgeable and up to date with credible information, authoritative views and incisive commentary on topical problems with relevance.

We, nonetheless, have a request.

As we battle the financial influence of the pandemic, we’d like your help much more, in order that we are able to proceed to give you extra high quality content material. Our subscription mannequin has seen an encouraging response from lots of you, who’ve subscribed to our on-line content material. Extra subscription to our on-line content material can solely assist us obtain the targets of providing you even higher and extra related content material. We imagine in free, honest and credible journalism. Your help by extra subscriptions might help us practise the journalism to which we’re dedicated.

Assist high quality journalism and subscribe to Enterprise Customary.

Digital Editor



Supply hyperlink