Adani, who turned his commodities trading enterprise into a multi-billion-dollar conglomerate spanning various sectors, added more to his net worth this year than anyone else in the world
Adani Wilmar shares opened at 4% discount against issue price of ₹230 apiece and rebounded strongly to gain as much as 12.5% to hit a high of ₹258.65 on the BSE.
The widely publicised Adani Wilmar IPO which had originally planned raising ₹4,500 crore, was closed just before Budget ₹900 crore short .
The ₹37,195 crore FMCG company is hoping to raise ₹3,600 crore from its IPO, which would be utilised for capacity building and mergers and acquisitions.
The 3-day IPO of Adani Wilmar will open for subscription on January 27 at a price band of ₹218-230 per share.
