News Details

( As on 21/01/2022 12:40)

Adani Wilmar announces launch of initial public offering

Adani Wilmar Ltd. has announced public offering of 156521739 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 229.00 per share. The gross proceeds of the issue are expected to be Rs 3,60,000.00 lakhs.

The company's initial public offer (IPO) will open on 27 January 2022 and is expected to close on 31 January 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 218.00-230.00 per share.

The IPO includes a fresh Issue of 156521739 Equity Shares of the Company at an price of Rs 230.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 65 shares with bids in multiples of 65.

Adani Wilmar Ltd. anticipates using the proceeds of the issue for .

HDFC Bank Limited,ICICI Securities Ltd,JP Morgan India Private Limited.,Credit Suisse Securities (India) Pvt. Ltd.,Kotak Mahindra Capital Company Ltd.,BNP Paribas,BofA Securities India Limited as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.