Adani Wilmar IPO subscribed 57 pc on Day 1 of offer
The IPO received bids for 7,04,43,165 shares as against 12,25,46,150 shares on offer, according to an update on the BSE.
The portion for retail individual investors (RIIs) received 96 per cent subscription, while qualified institutional buyers (QIBs) got 30 per cent and non-institutional investors 54 per cent.
The IPO of up to Rs 3,600 crore is in a price range of Rs 218-230 per share.
The proceeds of the public issue will be used to fund capital expenditure, reduce debt and for acquisitions.
The public issue will close on January 31.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)