Brokerages are mostly positive on the Rs 3,600-crore initial public offering (IPO) of Adani Wilmar (AWL), which opened for subscription on Thursday and will close on Monday.
The IPO is available in the price band of Rs 218 to Rs 230 per share. Investors can bid for a minimum of 65 shares and in multiples thereafter. The edible oil major’s products have a strong brand recall, say K R Choksey and Investmentz, recommending investors to subscribe to the IPO. It is among the top five fastest-growing packaged food companies in India, with Fortune as its most popular brand.
HDFC Securities said AWL has a comprehensive packaged consumer products portfolio catering to most daily essentials of an Indian kitchen, while the flagship brand