Adani Wilmar IPO gets 57% retail subscription on Day-1

Institutional portion subscribed 30%, HNI 54% and retail quota 96%

Adani Wilmar’s IPO garnered 57% subscription on its first day. The institutional investor portion of the IPO was subscribed 30 per cent, high networth individual portion 54 per cent and retail quota 96 per cent, data provided by stock exchanges showed. The Adani group firm has set the price band for the IPO at Rs 218-230 per share. At the top-end, the company will have a market cap of nearly Rs, 30,000 crore. Through the IPO, Adani Wilmar is raising Rs 3,600 crore in fresh capital. The company has already allotted shares worth Rs 940 crore to anchor investors.