Adani Wilmar raises Rs 940 crore from anchor investors ahead of IPO

Adani Wilmar raises Rs 940 crore from anchor investors ahead of IPO

Adani Wilmar IPO | HDFC Mutual Fund, Nippon Life India Trustee, Aditya Birla Sun Life Trustee, and Sun Life Excel India Fund participated in the anchor book.





January 25, 2022 / 09:44 PM IST





Adani Wilmar IPO



Adani Wilmar, one of the leading FMCG food companies in India, on January 25 mobilised Rs 939.9 crore from 15 anchor investors ahead of its IPO launch. The issue will open for subscription on January 27.

The company in its BSE filing said it has finalised allocation of 4.08 crore equity shares to anchor investors at a price of Rs 230 per share, the upper price band.

Marquee investors invested in the company through anchor book including Government of Singapore, Monetary Authority of Singapore, Jupiter India Fund, Volrado Venture Partners Fund, Societe Generale, Cohesion MK Best Ideas, Winro Commercial and Dovetail India Fund.

Among others, HDFC Mutual Fund, Nippon Life India Trustee, Aditya Birla Sun Life Trustee, and Sun Life Excel India Fund also participated in the anchor book.

Also read - We're building Fortune to be India's largest food brand, says Adani Wilmar CEO Angshu Mallick

Adani Wilmar is planning to raise Rs 3,600 crore through its public issue which is entirely a