[Result] Adani Wilmar IPO Subscription status|nse;bse

Adani wilmar ipo subscription status nse|adani wilmar subscription status live|Adani wilmar ipo subscription status bse|Adani Wilmar IPO Result:The initial public offering (IPO) of edible oil major Adani Wilmar Limited received 17.37 times subscription on the last day of offering on Monday. The initial share sale, that opened on Thursday, is in a price range of ₹218-230 per share. Adani Wilmar had raised ₹940 crore from anchor investors ahead of its public issue.The public issue of up to ₹3,600 crore comprises fresh issue of equity shares and there will not be any secondary offering.

The company plans to use its proceeds from the issue to fund capital expenditure, repayment of debt and funding strategic acquisitions and investments.Adani Wilmar has strong brand recall, wide distribution, better financial track record and healthy ROE. Considering all the positive factors, we believe this valuation is at reasonable levels. Thus, we recommend a subscribe rating on the issue,” said Angel One in a note.

Adani wilmar ipo subscription status

Adani Wilmar, a 50:50 joint venture company between Gautam Adani-led congolomerate Adani group and Singapore’s Wilmar group, sells cooking oils under the Fortune brand. Apart from cooking oils, it sells food products like rice, wheat flour, and sugar. It also sells non-food products like soap, handwash, and sanitisers.

Adani Wilmar IPO Subscription Details

Date	LEVEL	SO	Retail	EMP	Others	Total
Day 1 Jan 27, 2022	0.30	0.54	0.96	0.05	0.10	0.57
Day 2 Jan 28, 2022	0.39	0.88	1.85	0.18	0.87	1.13
Day 3 Jan 31, 2022	5.73	56.30	3.92	0.51	33.33	17.37

Adani Wilmar allocated 4.09 crore equity shares to anchor investors at Rs 230 apiece, aggregating the transaction size to Rs 940 crore, according to a circular uploaded on the BSE website.Government of Singapore, Monetary Authority of Singapore, Societe Generale, Jupiter India Fund, HDFC Mutual Fund (MF), Nippon India MF and Aditya Birla Sun Life MF are among the anchor investors.

Adani Wilmar has allocated 4.09 crore equity shares to anchor investors at Rs 230 apiece, aggregating the transaction size to Rs 940 crore, according to a circular uploaded on the BSE website.Government of Singapore, Monetary Authority of Singapore, Societe Generale, Jupiter India Fund, HDFC Mutual Fund (MF), Nippon India MF and Aditya Birla Sun Life MF are among anchor investors.

Adani Wilmar IPO Price – Details

Description	AWL IPO Details
Public Issue	Initial Public Issue of upto [.] equity shares of ₹ 1 (aggregating up to ₹ 3600 crore)
Issue Open  Date	27-Jan-22
Issue Close Date	31-Jan-22
Issue Type	Book Building
IPO Price Band	₹ 218 – ₹ 230
Face Value	₹ 1
Market Lot	65 Equity Shares and in multiples thereof
Minimum Order Quantity	65 Equity Shares
Maximum Subscription Amount for Retail Investor	Rs. 2,00,000
Listing	NSE, BSE
NSE Symbol	AWL
IPO Market Timings	10.00 a.m. to 5.00 p.m.

Adani Wilmar IPO Result

The Adani Wilmar Group IPO will begin trading on January 27 and remain available for bids until January 31. After Republic Day, the initial public offering (IPO) will begin.

Based on the response and collaboration with experts, we will determine the allocation basis for the IPO on February 3. By February 7, the shares will post to the allottee’s accounts, and the shares will be listed the following day.All interested bidders must submit their offers within the time frame for issuing shares.