Adani Wilmar IPO price band fixed as Rs. 218 to Rs. 230 per share

The IPO Committee of Adani Wilmar Limited ("AWL"), a 50:50 joint venture company between the Adani group and the Wilmar group in consultation with the Book Running Lead Managers have finalised the Price Band to range between Rs. 218 to Rs. 230 per Equity Share of face value of Rs. 1/- each. Further, the Equity Shares aggregating up to Rs. 1,070 million will be available for allocation to certain Eligible Employees and Equity Shares aggregating up to Rs. 3,600 million will be available for allocation to certain Eligible AEL Shareholders, in the manner described in the red herring prospectus dated 19th January, 2022 ("RHP") filed by AWL. An employee discount of Rs. 21 per Equity Share will be offered to Eligible Employees Bidding in the Employee Reservation Portion.

The Bid Lot for the Issue has been finalized to be 65 Equity Shares and in multiples of 65 Equity Shares thereafter.

The IPO opens for subscription on Thursday, January 27, 2022 and closes for subscription on Monday, January 31, 2022.

Shares of Adani Enterprises Limited was last trading in BSE at Rs. 1828.65 as compared to the previous close of Rs. 1865.45. The total number of shares traded during the day was 77994 in over 5623 trades.

The stock hit an intraday high of Rs. 1877.00 and intraday low of 1811.00. The net turnover during the day was Rs. 143892710.00.

Source : Equity Bulls

Keywords

AdaniEnterprises INE423A01024 AdaniWilmar IPO Priceband BRLM FundRaising