Adani Wilmar IPO: The Initial Public Offering (IPO) of Gautam Adani’s company Adani Wilmar is launching this week on Thursday, January 27, 2021.
The price band of Adani Wilmar IPO has been fixed at ₹ 218-230 per share and the issue size of the company will be Rs 3,600 crore. Explain that investors can bid in this IPO till 31 January 2022. If you are thinking of investing in this IPO, then know the details about it–
Know what’s going on in GMP?
According to market experts, the share premium (GMP) of Adani Wilmar has fallen from Rs 65 to Rs 45 in the gray market today. The company’s shares will be listed on both NSE and BSE on February 8, 2022
Bidding Limit The company has placed 65 shares in one lot for the IPO. This means that investors can bid for at least 65 equity shares. In this IPO an investor can apply for one lot and maximum 13 lots. That is, retail investors can invest a minimum of Rs 14,950 per lot and their maximum investment will be Rs 1,94,350 for 13 lots. The allotment of shares is likely to take place on February 3, 2022. Investors who will not get shares allotted will get refund on 4th February.
The business of the company is a 50:50 joint venture between Adani Wilmar, the Gautam Adani-led conglomerate Adani Group and the Singapore-based Wilmar Group. The company sells cooking oils under the Fortune brand. Apart from cooking oil, it sells food products such as rice, wheat flour and sugar. It also sells non-food products such as soaps, handwashes and sanitizers.
