The public issue will be on sale for subscription on January 27, 2022, and will be open for bidding until January 31, 2022. According to market observers, the Adani Wilmar IPO GMP today is 65, indicating that the grey market anticipates gain from this public offering.
The Adani Wilmar Initial Public Offering (IPO) will open for subscription on January 27th, 2022, and will stay open for bidding until January 31st, 2022. The valuation for the tender offer has been established at 218 to 230 per equity position, with the company expecting to raise $3600 million through this book-built transaction. Both the NSE and the BSE will list Adani Wilmar’s stock. The share price of Adani Wilmar is currently selling at a premium of 65 in the grey market, according to market experts.
As previously stated, the Adani Wilmar IPO grey market premium (GMP) is currently around 65, indicating that the grey market expects a decent gain from this public offering.
- Date of Adani Wilmar’s Initial Public Offering
The public issue will be on sale for subscription on January 27, 2022, and will be open for bidding until January 31, 2022.
- The price band for Adani Wilmar’s first public offering
The public issue price band for the FMCG food company has been set at $218 to 230 per equity share by the company’s management.
- Adani Wilmar’s initial public offering (IPO) size
The company’s management hopes to raise $3,600 crore through the public offering.
- Adani Wilmar’s first public offering lot size
Bidders will be allowed to submit their applications in lots, with each lot including 65 Adani Wilmar shares.
- Adani Wilmar’s initial public offering (IPO) application limit
Bidders can apply for a minimum of one lot and a maximum of thirteen lots.
- IPO investment cap for Adani Wilmar
As previously stated, a bidder can submit a maximum of 13 applications, implying that the lowest investment in the public issue is $14,950 (230 x 65), and the maximum investment in the IPO is $1,94,350 [(230 x 65) x 13].
- Allotment date for Adani Wilmar’s first public offering
The tentative allocation date is February 3rd, 2022. On the 4th of February, the refund process will begin, and Adani Wilmar shares will get credited to applicants’ Demat accounts on the 7th of February 2022.
- Initial Public Offering (IPO) of Adani Wilmar
The shares of Adani Wilmar will get listed on both the NSE and the BSE.
- Date of Adani Wilmar’s Initial Public Offering
The proposed listing date for Adani Wilmar shares is February 8, 2022.
The recent sell-off in the broader markets impact primary market sentiment, with grey market premiums for newcomers falling sharply. During the recent market drop, the premium for Ahmedabad-based Adani Wilmar, a joint venture between Gautam Adani’s Adani Group and Singapore’s Wilmar Group, has halved.