Adani Wilmar Shareholders Quota has been kept for the existing shareholders of Adani Enterprises Limited as per the RHP filed today. Adani Wilmar filed its Red Herring Prospectus (RHP) for an initial public offering and the issue will open on 27th January 2022 and close on 31st January 2022.
Adani Wilmar IPO in the investor category has issued 50% of the net offer for QIB, 15% of the net offer for NII, and 35% of the net offer for retail individual investors. The company has also issued a Shareholder Quota and the record date for Shareholder quota is 19th January 2022.
What does Adani Wilmar Shareholders Quota Mean?
Adani Wilmar has issued a Shareholders Quota for investors and the record is 19th January 2022. If an investor is a shareholder of Adani Enterprises Limited, BSE Code: “ADANIENT” until 19th January, he or she is eligible to apply for Adani Wilmar IPO under shareholder quota amounting up to ₹2 lakhs.
The ones eligible can apply for 2 applications if they wish with the same PAN card under Retail and under SH Quota category amounting up to ₹2 lakhs.
Adani Wilmar Group, a 50:50 joint venture company between the Adani Group and Wilmar Group, Adani Wilmar has filed RHP for ₹3,600 crores IPO. Adani Wilmar’s product portfolio is diversified into 3 parts- FMCG, edible oil, packaged foods, and industry essentials. The issue opens on 27th Jan and will close on 31st Jan 2022. Adani Wilmar will list on 8th Feb 2022.
Established in January 1999 between the Adani Group and the Wilmar Group. Adani Group is a multinational diversified business group that deals with transport and logistics, and energy and utility sectors. The Wilmar Group is one of Asia’s leading agribusiness groups which was ranked among the largest listed companies by market capitalization on the Singapore Exchange as of February 2021.
The funds raised from the issue will be used for repayment and prepayment of debt, fund investments, and new acquisitions, and for the funding of capital expenditure for expansion of the current manufacturing facilities and developing new ones.
ICICI Securities Limited, HDFC Bank Limited, BNP Paribas are the book running lead managers and Link Intime India Private Limited is the registrar for the issue.
Check here for the details of Adani Wilmar IPO date, GMP, company financials, and all other details.