Adani Wilmar IPO
subscription is to start from January 27, 2022, Thursday. The company to raise ₹3600 crores via IPO at a price band of ₹218 to ₹230
. The retail portion of this IPO is 35%, QIB is 50% and HNI is 15% quota. The IPO subscription will close on January 31, 2021, Monday. The minimum bid for the IPO is 65 shares that cost ₹14,950 for 1 lot
. The face value is ₹1
per equity share. The company is offering ₹21 discount for employee category. Adani Wilmar is one of the largest FMCG companies in India. They are owner of Fortune brand of edible oils in India. The company reported ₹37196 crores of revenues
in 2021 against ₹29767 crores in 2020. The company’s financial report is looking strong
with growing revenues while the profit YOY is going up that is a good sign for the investors. Please check the Adani Wilmar IPO details over here.