Odisha News, Odisha Latest news, Odisha Daily - OrissaPOST
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
  • Home
  • Trending
  • State
  • Metro
  • National
  • International
  • Business
  • Feature
  • Entertainment
  • Sports
  • More..
    • Odisha Special
    • Editorial
    • Opinion
    • Careers
    • Sci-Tech
    • Timeout
    • Horoscope
    • Today’s Pic
  • Video
  • Epaper
  • News in Odia
No Result
View All Result
OrissaPOST - Odisha Latest news, English Daily -
No Result
View All Result

Adani Wilmar’s IPO issue subscribed over 17 times on final day

IANS
Updated: January 31st, 2022, 21:07 IST
in Business
0
Adani

Photo courtesy: reuters.com

Share on FacebookShare on TwitterShare on WhatsAppShare on Linkedin

Mumbai: Adani Wilmars initial public offering (IPO) was subscribed more than 17 times on the last bidding day Monday.

Adani Wilmar, a joint venture between Adani Enterprises and Wilmar International, is among the largest FMCG companies in India.

Also Read

Oil

India has oil supplies to last several weeks, continues to receive energy from several routes: Puri

13 hours ago
DGCA

DGCA puts in place special audit framework for ‘360-degree’ evaluation of Indian aviation ecosystem

14 hours ago

On the first and second day, the issues on offer were subscribed 57 per cent and 1.13 times, respectively.

The company is known for its wide range of offerings comprising soya bean oil, sunflower oil, mustard oil, rice bran oil, wheat flour, rice, pulses, sugar among others.

The company has 22 plants in India, which are strategically located across 10 states, comprising 10 crushing units and 19 refineries.

The issue size was Rs 3,600 crore with a price band of Rs 218-230 per share.

Of the overall subscription, institutional investors subscribed 5.73 times of the total allotment, while non-institutional investors subscribed 56.3 times, retail investors 3.92 times, employees 0.51 times, and shareholders 33.33 times, data showed.

“The company has shown strong growth in revenue where it grew from Rs 29,766 crore to Rs 37,195 crore over the period of FY20 to FY21 and during the same period, profit has grown from Rs 460 crore in FY20 to Rs 727 crore in FY21,” Aayush Agrawal, senior analyst at Swastika Investmart, said recently in a note.

“It will be the seventh listed company of the Adani Group, which has already established itself as a brand in the FMCG sector. The company is a leader in branded edible oils and packaged foods in India,” said Agrawal, adding that hence Swastika Investmart assigned a “subscribe” rating to the IPO for listing gains as well as for long-term.

Taking Adani Wilmar’s strong brand recall, wide distribution, and better financial track records into consideration, brokerage house Angel One recommended a “subscribe” rating on the issue.

IANS

Tags: Adani EnterprisesAdani Wilmarsilmar InternationalIPO
ShareTweetSendShare
Suggest A Correction

Enter your email to get our daily news in your inbox.

 

OrissaPOST epaper Sunday POST OrissaPOST epaper

Click Here: Plastic Free Odisha

#MyPaperBagChallenge

Surya Sidhant Rath

December 12, 2019
#MyPaperBagChallenge

Tabish Maaz

December 12, 2019
#MyPaperBagChallenge

Sipra Mishra

December 12, 2019
#MyPaperBagChallenge

Anshuman Sahoo

December 12, 2019
#MyPaperBagChallenge

Aman Kumar Barisal

December 12, 2019
#MyPaperBagChallenge

Adweeti Bhattacharya

December 12, 2019
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
#MyPaperBagChallenge

Dibya Ranjan Das

December 12, 2019
#MyPaperBagChallenge

Manas Samanta

December 12, 2019
#MyPaperBagChallenge

Ankita Balabantray

December 12, 2019
#MyPaperBagChallenge

Priyasha Pradhan

December 12, 2019
#MyPaperBagChallenge

Arya Ayushman

December 12, 2019
#MyPaperBagChallenge

Parbati Mohanty

December 12, 2019
#MyPaperBagChallenge

Sarfraz Ahmad

December 12, 2019
#MyPaperBagChallenge

Rajashree Manasa Mohanty

December 12, 2019
#MyPaperBagChallenge

Sisirkumar Maharana

December 12, 2019
#MyPaperBagChallenge

Jyotshna Mayee Pattnaik

December 12, 2019
#MyPaperBagChallenge

Vandana Singh

December 12, 2019
#MyPaperBagChallenge

Debasis Mohanty

December 12, 2019
#MyPaperBagChallenge

Kamana Singh

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Adrita Bhattacharya

December 12, 2019
#MyPaperBagChallenge

Rajashree Pravati Mohanty

December 12, 2019
#MyPaperBagChallenge

Keshab Chandra Rout

December 12, 2019
#MyPaperBagChallenge

Subhajyoti Mohanty

December 12, 2019
#MyPaperBagChallenge

Nishikant Rout

December 12, 2019
#MyPaperBagChallenge

Amritansh Mishra

December 12, 2019
#MyPaperBagChallenge

Akriti Negi

December 12, 2019
#MyPaperBagChallenge

Spinoj Pattnaik

December 12, 2019
#MyPaperBagChallenge

Smitarani Sahoo

December 12, 2019
#MyPaperBagChallenge

Priyabrata Mohanty

December 12, 2019

Archives

Editorial

Unending War

US-Iran
June 23, 2025

Last week, when a reporter asked US President Donald Trump whether America would enter the war on Iran with close...

Read more

Shouldering Arms

June 22, 2025

India has taken it as its responsibility to bring the Voice of the Global South (henceforth VoGS) to the world...

Read more

Quiet Scramble

June 21, 2025

The Modi government has recently relaxed its rules for selecting joint secretaries to encourage more IAS officers to take on...

Read more

Trouble For Iran

Iran flag
June 18, 2025

The escalating conflict between Israel and Iran has plunged the Middle East into deeper turmoil, with ramifications stretching far beyond...

Read more
  • Home
  • State
  • Metro
  • National
  • International
  • Business
  • Editorial
  • Opinion
  • Sports
  • About Us
  • Advertise
  • Contact Us
  • Jobs
Developed By Ratna Technology

© 2024 All rights Reserved by OrissaPOST

  • News in Odia
  • Orissa POST Epaper
  • Video
  • Home
  • Trending
  • Metro
  • State
  • Odisha Special
  • National
  • International
  • Sports
  • Business
  • Editorial
  • Entertainment
  • Horoscope
  • Careers
  • Feature
  • Today’s Pic
  • Opinion
  • Sci-Tech
  • About Us
  • Contact Us
  • Jobs

© 2024 All rights Reserved by OrissaPOST

    • News in Odia
    • Orissa POST Epaper
    • Video
    • Home
    • Trending
    • Metro
    • State
    • Odisha Special
    • National
    • International
    • Sports
    • Business
    • Editorial
    • Entertainment
    • Horoscope
    • Careers
    • Feature
    • Today’s Pic
    • Opinion
    • Sci-Tech
    • About Us
    • Contact Us
    • Jobs

    © 2024 All rights Reserved by OrissaPOST