The Adani Group stocks came in focus when “IPO estimated worth $1 billion” is being prepared to be launched by the Adani Wilmar.
The Gautam Adani-led-port-to-power mix, the Adani Group is preparing to raise nearly a billion dollars in the year 2021 by the Adani Wilmar group.
Six listed Adani Group organisations had recently eclipsed the $100 billion mark.
Adani Enterprises, Adani Ports and Special Economic Zone, Adani Transmission, Adani Power, Adani Total Gas and Adani Green Energy; are the part of the six listed organisation of the Adani Group to surpass the hundred billion dollars mark.
The price of Adani Power shares continued to rise. In the past 7 days the group stocks escalated over 63 per cent. It traded up to 3.81 per cent.
The prices of stocks upped Rs 5.80 making it Rs 158.15 per stock.
Adani Enterprises on the other hand traded up to 0.91 per cent, with a rise of Rs 14.55 making the price Rs 1609.00 per stock.
Adani Green Energy has been down 0.5 per cent.
However, Adani Transmission added 0.5 per cent.
Adani Wilmar aims to be the largest food company in India by 2027. The group is strengthening it’s way in the fast growing consumer segment and unlock value through the IPO.
Adani Wilmar could become the 7th firm to be listed from the diversified groups, if the plans made by the group turn productive.
Sources said that the work has started and depending over the market conditions, the DRHP might be filed with SEBI by the end of June or in the month of July.
BofA Securities and Credit Suisse are on board, along with investment banks JP Morgan and Kotak Mahindra which were earlier selected.
