Adani Wilmar IPO gets 57% retail subscription on Day-1 – Business Standard
Topics
Adani Wilmar | IPO | Investors
BS Reporter | Mumbai Last Updated at January 27, 2022 19:20 IST
https://mybs.in/2asXb2T
Adani Wilmar’s IPO garnered 57% subscription on its first day. The institutional investor portion of the IPO was subscribed 30 per cent, high networth individual portion 54 per cent and retail quota 96 per cent, data provided by stock exchanges showed. The Adani group firm has set the price band for the IPO at Rs 218-230 per share. At the top-end, the company will have a market cap of nearly Rs, 30,000 crore. Through the IPO, Adani Wilmar is raising Rs 3,600 crore in fresh capital. The company has already allotted shares worth Rs 940 crore to anchor investors.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
PREVIOUS STORY
NEXT STORY
Copyrights © 2022 Business Standard Private Ltd. All rights reserved.
Upgrade To Premium Services
Business Standard is happy to inform you of the launch of “Business Standard Premium Services”
As a premium subscriber you get an across device unfettered access to a range of services which include:
Premium Services
In Partnership with 
Dear Guest,
Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.
Enjoy Reading!
Team Business Standard
