{"id":886,"date":"2022-01-27T13:02:06","date_gmt":"2022-01-27T13:02:06","guid":{"rendered":"https:\/\/bonanzaonline.com\/blog\/?p=886"},"modified":"2022-05-13T16:04:25","modified_gmt":"2022-05-13T10:34:25","slug":"adani-wilmar-ipo","status":"publish","type":"post","link":"https:\/\/www.bonanzaonline.com\/blog\/adani-wilmar-ipo\/","title":{"rendered":"Adani Wilmar IPO Opens Today – Should you Invest in Adani Wilmar IPO?"},"content":{"rendered":"\n

The Rs. 3600 crore Adani Wilmar IPO has opened today for subscription and will be available till the 31st<\/sup> of January 2022.<\/p>\n\n\n\n

Adani Wilmar is a joint venture of Adani Group and the Wilmar Group. The company offers a wide range of FMCG goods such as edible oil, wheat flour, rice, pulses and sugar. Adani Wilmar\u2019s product offerings also include industry essentials such as castor oil and its derivatives, oleochemicals, and de-oiled cakes. Apart from 22 plants across 10 states the company has a well-established distribution network across the country.<\/p>\n\n\n\n

According to the Red Herring Prospectus, Adani Wilmar will be using the proceeds from the issue towards funding capital expenditure for expansion of existing manufacturing facilities, developing new manufacturing facilities, repayment\/prepayment of borrowings, funding strategic acquisitions and investments and for general corporate purposes.<\/p>\n\n\n\n

Some quick facts about the Adani Wilmar IPO:<\/h2>\n\n\n\n

Price band of <\/strong>Adani Wilmar IPO<\/strong><\/strong><\/p>\n\n\n\n

The price band for the IPO is between Rs. 218 to Rs. 230 per share<\/p>\n\n\n\n

Lot size<\/strong><\/p>\n\n\n\n

The minimum lot size for the IPO is of 365 shares.<\/p>\n\n\n\n

Issue size<\/strong><\/p>\n\n\n\n

The issue size for the IPO is Rs. 3600 crores.<\/p>\n\n\n\n

Listing date<\/strong><\/p>\n\n\n\n

Shares of Adani Wilmar are likely to be listed on 8th February 2022.<\/p>\n\n\n\n

Key strengths and opportunities<\/strong><\/p>\n\n\n\n