Check the allotment status of Adani Wilmar IPO shares, GMP, listing date and other details.
Adani Wilmar’s three-day IPO (IPO) closed on January 31. The company saw more than 17 entries at a price range of Rs. 218-230 per share for the IPO. Adani Wilmar, the joint venture between Adani Group and Wilmar Group of Singapore, opened for bidding on January 27, 2022. reserved for them. The stock reserved for qualified institutional investors bid 5.73 times. Adani Wilmar Share IPO Allocation Status To Be Revealed Very Soon.
Adani Wilmar IPO GMP
According to market observers, Adani Wilmar IPO GMP (Grey Market Premium) was Rs. 32 on the gray market today.
Adani Wilmar IPO listing date
The company’s shares are expected to be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on February 8, 2022.
The allotment status of the Adani Wilmar IPO shares is expected to be announced this week on Thursday, February 3, 2022. After the allotment status is released, the shares will be credited to subscribers’ demat account and that will happen on February 7th.
The registrar for this IPO of Adani Wilmar is Link Intime India Private Ltd, so bidders can check the status of the share allotment on the Link Intime India Private Ltd website or on the BSE website. The public issuance of Adani Wilmar IPO only included a new share issue. The shares of the public offering will be invested in capital expenditures, debt reduction and for acquisitions as the company aims to become India’s largest food and FMCG company.
About Adani Wilmar
Adani Wilmar is an FMCG food company that produces most of the essential kitchen products, including edible oil, flour, rice, pulses and sugar. It was founded in 1999. The company sells cooking oils under the Fortune brand. In addition to cooking oil and food products, it also sells non-food products such as soap, hand wash and disinfectants.