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).

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 29,887.8 crore at the upper end of the price band.

The company is offering 12% equity of the post-offer equity share capital of the company. The promoters will hold 88% at the end of the IPO.

       Issue Details 

Issue opens on: Jan. 27. Issue closes on: Jan. 31. Issue size: Rs 3,600 crore. Face value: Rs 1 a piece. Lot size: 65 equity shares and multiples

       Issue Details 

Listing on: BSE and NSE. Lead managers: Kotak Investment Banking, JPMorgan, ICICI Securities, HDFC Bank, BofA Securities, Credit Suisse, BNP Paribas