Adani Wilmar IPO opens for subscription
Should you subscribe as issue opens today?
Edible oil major Adani Wilmar's (AWL) public issue, comprising fresh equity shares, has
opened for subscription today and conclude on January 31
The price band of the three day share sale is fixed at
₹218-230 per share
Adani WIlmar share price band
On Tuesday, Adani Wilmar Ltd had
raised ₹940 crore
from anchor investors ahead of its initial public offering (IPO).
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The IPO comprises a fresh issue of
Rs 3,600 crore
. The company has scaled down the offering size from
Rs 4,500 crore
, at the time of filing the draft red herring prospectus.
Adani Wilmar is seeking a market value of Rs
at the upper end of the price band.
The company is offering
of the post-offer equity share capital of the company. The
promoters will hold 88%
at the end of the IPO.
Issue opens on:
Issue closes on:
. Issue size:
Rs 3,600 crore.
Rs 1 a piece.
65 equity shares and multiples
BSE and NSE
. Lead managers:
Kotak Investment Banking, JPMorgan, ICICI Securities, HDFC Bank, BofA Securities, Credit Suisse, BNP Paribas