The company, whose flagship brand is the male ethic 'Manyavar' label, has fixed its issue price band at Rs 824-866 a share
The offer also includes a reservation for subscription by eligible employees
The IPO is available in the price band of Rs 218 to Rs 230 per share
Infrastructure has investment opportunities estimated worth more than Rs 50 trillion, says industry leader
Edible oil major Adani Wilmar will on Thursday hit the capital market to raise up to Rs 3,600 crore through its Initial Public Offer (IPO). The proceeds of the public issue will be used to fund capital expenditure, reduce debt and for acquisitions as the company seeks to become India's biggest food and FMCG company. The public issue, comprising fresh equity shares, will open for subscription on January 27 and close on January 31. Price band is Rs 218-230 per share. Adani Wilmar, which sells cooking oils and some other food products under the Fortune brand, is a 50:50 joint venture between business conglomerate Adani group and Singapore-based Wilmar. On Tuesday, Adani Wilmar Ltd had raised Rs 940 crore from anchor investors. The company has decided to allocate around 4.09 crore equity shares to anchor investors at Rs 230 apiece. Investors can bid for a minimum of 65 equity shares and in multiples thereof. Half of the issue size has been reserved for qualified institutional buyers,
The S&P BSE IPO Index, which tracks firms for two years after their listings, has plunged about 10 per cent so far this year
Adani Wilmar Ltd said it has garnered Rs 940 crore from anchor investors, days before its IPO roll-out
The slump comes on the back of fading risk appetite for equities as global central banks prepare to tighten monetary policy to quell inflation
Through the IPO, Adani Wilmar is raising Rs 3,600 crore in fresh capital
IPO-bound fintech firm Mobikwik is expecting to close the current financial year with 100 per cent revenue growth, a top company official said.
The public issue of Adani Wilmar comprises fresh issue of equity shares and there will not be any secondary offering
Adani Wilmar has set the indicative price band for its initial public offering (IPO) of shares at between 218 rupees and 230 rupees apiece
The market regulator took average 76 days to decide on 110 DRHPs filed in the past two years
Supply chain company Delhivery has received capital markets regulator Sebi's approval to raise Rs 7,460 crore through an initial public offering
A knock-out debut could see state-owned insurer raise as much as $10 billion from the IPO. It would burnish Prime Minister Narendra Modi's reputation as a reformer.
The SoftBank Group-backed start-up is expected to get the green light to proceed with the offering this week or next after filing preliminary documents last year
The hottest rage in the US financial markets during the COVID-19 pandemic years of 2020 and 2021 was the SPAC - special purpose acquisition company
Govt asks I-bankers to approach big investors
It is the second largest ATM brand in the semi-urban and rural areas after State Bank of India (SBI)
The IPO will open on January 19 and conclude on January 21