Adani Wilmar is likely to finalise its IPO share allotment on Thursday. Earlier, the public offer of the company was subscribed 17.37 times on the final day of subscription on January 31. The three-day IPO received bids for 212.87 crore shares against 12.25 crore shares offered by the company. The equity shares of the company will be listed on NSE and BSE.
Kotak Investment Banking, JP Morgan, BofA Securities, Credit Suisse were the global coordinators book running lead managers to the issue, while ICICI Securities, HDFC Bank and BNP Paribas were the book running lead managers. On the other hand, Link Intime India was the registrar to the issue.
The quota reserved for qualified institutional buyers (QIBs) was subscribed 5.67 times, non-institutional investors 56.30 times, and retail individual investors (RIIs) 3.92 times.
The company is a 50:50 joint venture company between Ahmedabad-based Adani Group and Singapore’s Wilmar group. It sells cooking oils under the Fortune brand.
