Adani Wilmar IPO Subscription Status, GMP Signs and More. Everything You Need to Know

Adani Wilmar’s initial public offer (IPO) received a strong investor response and was fully subscribed on the second day. Adani Wilmar IPO Subscription Status Monday 31 January was the last day of bidding for the Adani Wilmar IPO. It is a fresh issue of equity shares in the amount of Rs 3,600 crore. There are no shareholders or promoters who have any shares to sell.

Adani Wilmar’s initial public offering (IPO), was subscribed 74% on Friday at 12:30 pm. As of Friday, 57% of the IPO had been subscribed on the first day. Subscribe today to the FMCG giant FMCG giant. The price range for the IPO is Rs 218-Rs 233.

What is the current subscription status?

Adani Wilmar IPO Subscription Status second issue was subscribed at 1.13%. There were more than 13,85,772,000 applications for shares, compared to the total issue size (12,25,46,000.150 shares). The company has reserved equity shares totalling Rs 107 crore for eligible employees. They will also receive at least Rs 21 per shared during the bidding process.

Other details

  • IPO Date: January 27-January 31,
  • Adani Wilmar IPO Price Band: Rs 218-Rs. 230 per Share
  • Lot size: An investor can bid for at least 65 equity shares, and multiples thereafter.
  • IPO Size: Rs 3.600 crore
  • Adani Wilmar IPO share allotment: Likely February 3
  • Adani Wilmar IPO Listing Date: Likely February 8, on NSE and BSE

Do you need to subscribe?

Hem Securities published its Adani Wilmar report and recommended that subscribers to the IPO be subscribed. Hem Securities published a 25-January report that stated Adani Wilmar “has diversified and differentiated product portfolios with market-leading brands.”

The company is also one of India’s top consumer product companies, with leadership in edible oils and packaged food business as well as strong raw material sourcing capabilities & an integrated business model with well established operational infrastructure. Ventura Securities analysts gave Adani Wilmar IPO a “subscribe” rating with a price target of Rs 468.8 per shares for a period of 24 months.

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