Adani Wilmar IPO Subscription Status: Day 3 Live Updates
Investor interest in the initial public offering of Adani Wilmar Ltd., a consumer goods joint venture between Adani Group and Wilmar Group, picked up pace on the third day.
The IPO was subscribed 1.13 times on the second day and 57% on day one.
The firm is selling shares at Rs 218-230 apiece in its three-day offer—a fresh issue of Rs 3,600 crore. It has scaled down the offer size from Rs 4,500 crore, at the time of filing the draft red herring prospectus.
At the upper-end price of Rs 230, Adani Wilmar is seeking a market value of Rs 29,887.8 crore. It is offering 12% equity of the post-offer equity share capital. The promoters will hold 88% at the end of the IPO.
The company plans to utilise Rs 1,900 crore from the IPO for expansion of existing manufacturing facilities and developing new units. It will use Rs 1,058.9 crore for repayment/prepayment of borrowing, and Rs 450 crore for funding strategic acquisitions and investments.
Adani Wilmar IPO Share Allotment Status Online, GMP, Subscription And More
Adani Wilmar IPO share allotment status online: The subscription for the edible oil major Adani Wilmar IPO (initial public offering) commenced from January 27, 2022. The three day long Rs. 3600 crore IPO bidding will end today, that is January 31. Prior to its initial public offering, Adani Wilmar had raised ₹940 crore from anchor investors. Price range for the Adani Wilmar IPO has been fixed at Rs. 218 to Rs. 230. On the second day of the bidding process, on January 28, Adani Wilmar Limited had a strong response from the investors and was oversubscribed 1.13 times. Adani Wilmar IPO GMP today (grey market premium) is Rs. 25, as per market sources quoted by Live Mint.
Retail Individual Investors (RIIs) received 1.85 times the subscription on the second day of the Adani Wilmar IPO, while non-institutional investors received 88 percent and Qualified Institutional Buyers (QIBs) received 39 percent, according to BSE data. The company's shares allotment is expected to be listed on the BSE and NSE stock exchanges by February 8, 2022. Though, the subscribers have to wait for the announcement of the allotment status of the Adani Wilmar IPO. When the allotment status will be announced, you can check the application status on the official website of the Bombay stock exchange (BSE) and the company's official registrar for the IPO Link Intime. Here is how to check the status online.
How to check Adani Wilmar IPO allotment status online on BSE websiteTo check the allotment status of Adani Wilmar IPO on the BSE website, follow these steps:
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Adani Wilmar IPO Subscribed 1.13 Times On Day 2
The initial public offering of Adani Wilmar Ltd., a consumer goods joint venture between Adani Group and Wilmar Group, was subscribed 1.13 times on the second day, led by demand from retail investors.
The IPO was subscribed 57% on day one.
The firm is selling shares at Rs 218-230 apiece in its three-day offer—a fresh issue of Rs 3,600 crore. It has scaled down the offer size from Rs 4,500 crore, at the time of filing the draft red herring prospectus.
At the upper-end price of Rs 230, Adani Wilmar is seeking a market value of Rs 29,887.8 crore. It is offering 12% equity of the post-offer equity share capital. The promoters will hold 88% at the end of the IPO.
The company plans to utilise Rs 1,900 crore from the IPO for expansion of existing manufacturing facilities and developing new units. It will use Rs 1,058.9 crore for repayment/prepayment of borrowing, and Rs 450 crore for funding strategic acquisitions and investments.
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