Adani Wilmar Ltd fixes Rs. 230 as issue price for IPO

The initial public offering ("Issue") of equity shares of face value of Rs. 1 ("Equity Shares") of Adani Wilmar Limited ("AWL"), a 50:50 joint venture company between the Adani group and the Wilmar group recently got over and the issue price for the Equity Shares has been finalized at Rs. 230 per Equity Share ("Issue Price").

On February 4, 2022, AWL has approved the issuance and allotment of 156,729,745 Equity Shares to the respective applicants in various categories, in terms of the basis of allotment approved by the designated stock exchange, National Stock Exchange of India Limited in consultation with the book running lead managers.

Source : Equity Bulls

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AdaniWilmar IPO Price Finalized INR230