Adani Wilmar IPO share allotment status online: Know GMP, listing date too
Adani Wilmar's three-day initial public offering (IPO) closed on January 31. The company saw more than 17 times subscription at a price band 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. The company’s share allotted for retail investors was subscribed 3.92 times while non-institutional investors subscribed 56 times more shares against the 2.15 crore shares reserved for them. The share reserved for qualified institutional investors bid for 5.73 times. Adani Wilmar IPO share allotment status will be revealed very soon.
According to market observers, Adani Wilmar IPO GMP (grey market premium) was Rs. 32 in the grey market today.
The company's shares are expected to be listed on National Stock Exchange (NSE) and Bombay stock exchange (BSE) on February 8, 2022.
The Adani Wilmar IPO share allotment status is expected to be revealed this week on Thursday, i.e, February 3, 2022. After the allotment status is released\, the shares will be credited into the demat account of subscribers and that will happen on February 7.
The registrar for this Adani Wilmar IPO is Link Intime India Private Ltd, hence bidders can check the share allotment status either on Link Intime India Private Ltd website or on BSE website. The public issue of Adani Wilmar IPO only included fresh issue of equity shares. The shares of the public issue will be invested in capital expenditure, reduce debt and for acquisitions as the company seeks to become India's biggest food and FMCG company.
Adani Wilmar is an FMCG food company that manufactures most of the essential kitchen commodities, including edible oil, flour, rice, pulses and sugar. It was
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