Adani Wilmer IPO: Adani Wilmer's IPO of 3600 crores opened from today, 12 percent full public issue in a while.

Adani Wilmer IPO: Adani Wilmer's IPO of 3600 crores opened from today, 12 percent full public issue in a while.

Adani Wilmar IPO:

The IPO (Initial Public Offer) of Rs 3600 crore of Adani Wilmar has opened today from 27 January 2022. Investors will be able to apply for this IPO till 31 January 2022. Adani Wilmar has fixed the IPO price band at Rs 218-230 per share. Today, on the first day, 12 percent subscription has been received for this IPO so far. At the same time, the share of retail investors has been booked up to 26 percent.

Know Adani Wilmar's IPO.

The face value of the shares held in Adani Wilmar's IPO is Re 1 per share. In Adani Wilmar's IPO, investors can apply for one lot of at least 65 shares. For this they will have to spend Rs 14,950. Investors can apply for a maximum of 13 lots. If an investor applies for all 13 lots, then he will have to spend Rs 1 lakh 94 thousand 350.

What is the size of IPO.

The size of Adani Wilmar's IPO is Rs 3600 crore and it is a completely fresh issue. The company will use the proceeds from the IPO to pay back debt and promote business. The company will use the proceeds from the IPO to fund capital expenditure, reduce debt and make acquisitions. The company aspires to become the largest food and daily use goods company in the country. Explain that the promoters and investors of the company are not selling their stake and this is showing their confidence in the company.