Public Offering (IPO) Adani Wilmar, a joint venture between the Adani Group and the Wilmar Singapore Group, subscribed to 17.37 times on the afternoon of January 31, the last day of the offer, collecting offers for offerings 212.87 size 12.25 units of crore.
Institutional investors who fulfill the main bid of 5.73 times the portions provided for them. QIB is very important for public problems because their portion must get at least 90 percent subscription Retail investors subscribe to 3.92 times their part of the shares provided, while the portion is set aside for non-institutional investors booked 56.3 times.
Adani Wilmar has also asked some IPO shares for their employees and shareholders, who have seen subscribing from 51 percent and 33.33 times each Intended in 1999, Adani Wilmar is a FMCG food company that offers most important kitchen commodities, including oil, flour, rice, pulses, and sugar The majority of their sales are significantly related to branded products counted around 73 percent of edible oil and food and FMCG sales volume for the 2021 financial year.
Maiden’s public offer aims to take the company Rs 3,600 Crore, which is entirely a new problem. The price band for offers, which opened for offers on January 27, has been repaired at Rs 218-230 per share “Post-issue trailing twelve months prices / income (TTM P / E) works to 37.6x (at the top of the ribbon price problem), which makes sense considering the historical topline of Wilmar and Bottomline CAGR around 13 percent and around 39 percent of each each on FY19-21, “said Amarjeet Maurya, AVP-MID Caps in Angel One