Adani Wilmar IPO Opens Tomorrow

The initial public offering (IPO) of Adani Wilmar, a joint venture company between Gautam Adani-led conglomerate Adani Group and Singapore's Wilmar Group, will open for subscription tomorrow on January 27.

The IPO consists of a fresh issue of 15.65 crore shares worth Rs 3,600 crore and the entire proceeds will go to the company. There will not be any secondary offering.

The price band has been fixed at Rs 218-230 a share for its public issue.

Investors can bid for a minimum of 65 shares and in multiples of 65 thereafter. Retail investors can invest a minimum of Rs 14,950 in one lot and their maximum investment can be Rs 194,350 for 13 lots.