Adani Wilmer IPO price band announced, find out the share price in the gray market

Adani Wilmer's IPO final: Opening on 27th: Price band of 218-230

Adani Wilmer's IPO final: Opening on 27th: Price band of 218-230.Adani Wilmer an edible oil producer of Adani Group, the country's top conglomerate, has come up with an IPO. The IPO will open on January 27 and will be priced from 218 to 230. Last year, the company had announced an IPO of Rs 45 billion, but now it has reduced it to Rs 36 billion. Adani Wilm sells edible oil flour-wheat under different brands.

Adani Wilmer's IPO final: Opening on 27th: Price band of 218-230


It is clear that the issue of Adani Wilmer has created a stir among investors as investors have made huge gains in the shares of all Adani Group companies.

Good news for investors awaiting Adani Wilmar's initial public offering (Adani Wilmar IPO). The IPO of Gautam Adani's company, the second largest in India and Asia, is set to open for subscription on January 27. However, nothing is clear yet about the issue price and lot size of the IPO.

The size of the IPO is Rs.3600 crore

Adani Enterprises told the stock exchange on Thursday that the company's IPO will open for subscription on January 27 and close on January 31. This will be a completely fresh issue. The company has reduced the size of its IPO to Rs. 3600 crore, which was earlier Rs. 4500 crore.

The 7th company will be listed in the market

This will be the seventh Adani Group company to be listed. Adani Wilmer manufactures edible oils and other edible products under the Fortune brand. It is a joint venture between Adani Group and Wilmer Group of Singapore.

Where the funds will be used

According to DRHP, the company has a capital expenditure of Rs. 1900 crore. He paid Rs. 1059 crore, while it will cost Rs. Will make strategic acquisitions with Rs 450 crore.

Learn about the company

Let me tell you that Adani Wilmer is a 50:50 joint venture company between the Ahmedabad based Adani Group and the Singapore based Wilmer Group. Produced by Adani Wilmer edible oil brand Fortune. Fortune is the best-selling product in the edible oil segment. It has a market share of 18.3 per cent and is number one in the oil segment. Apart from this it sells flour, rice, lentils and sugar.


(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. www.Tradtips.com suggests its readers to consult with their investment advisers before making any financial decision.)

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