Home Business Adani Wilmar IPO Opens On January 27, Price Band Fixed At Rs 218-230 | Check Details

Adani Wilmar IPO Opens On January 27, Price Band Fixed At Rs 218-230 | Check Details

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New Delhi: The Preliminary Public Itemizing (IPO) of Adani Wilmar will open on January 27 (Thursday) and can shut on January 31 (Monday). The three way partnership between Ahmedabad-based Adani Group and Singapore’s Wilmar Group have mounted a value band of Rs 218-230 per share for its IPO, the corporate has stated.

Adani Wilmar, which seeks to grow to be India’s greatest meals and FMCG firm, plans to boost Rs 3,600 crore via IPO.

In a information launch, the agency stated {that a} low cost of Rs 21 per fairness share is being supplied to eligible staff bidding within the worker reservation portion. The ground value is stored 218 occasions the face worth of the fairness shares and the cap value is 230 occasions of the face worth of the fairness shares.

The corporate had plans to boost Rs 4,500 crore by way of itemizing. The fairness shares of Adani Wilmar supplied via the Crimson Herring Prospectus (RHP) are proposed to be listed on the BSE and NSE.

     

At current, six Adani group firms are listed on the home exchanges. Barring Adani Enterprises, the opposite listed firms are Adani Transmission, Adani Inexperienced Power, Adani Energy, Adani Whole Gasoline, and Adani Ports and Particular Financial Zone.

Adani Wilmar’s income rose to Rs 24,957 crore for the six months ended September within the present monetary 12 months, as towards Rs 16,273 crore within the corresponding interval of the earlier 12 months. Throughout the identical interval, firm’s revenue grew to Rs 357 crore from Rs 288 crore. The corporate clocked a income of Rs 37,195 crore and revenue of Rs 728 crore in the whole 2020-21 monetary 12 months.

Other than edible oil, Adani Wilmar sells meals merchandise corresponding to rice, wheat flour, and sugar. It additionally sells non-food merchandise like cleaning soap, handwash, and sanitisers.

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