Adani Wilmar IPO Listing Date Fast approaching and bidders are eagerly looking at all possible ways to find out how much listing premium they’ll get. According to market experts, Adani Wilmar’s shares are available at a premium. 28 in the gray market, while stock market experts are expecting up to 15 per cent listing gains from the public issue.
“From a fundamental point of view, Adani Wilmar is a quality company as its FMCG products are easily available at most of the retail FMCG outlets. Moreover, its products are one of the market leaders; however, the current market mood is poor as there has been There is heavy selling in the last two trading sessions.Therefore, I expect it to be listed in the range of the public issue from 250 260, is offering a discount of around 10 per cent to its lucky bidders,” said Anuj Gupta, Vice President, IIFL Securities.
Echoing the thoughts of Anuj Gupta; Abha Doshi, Founder, UnlistedArena.com, said, “Adani Wilmar IPO received moderate response from bidders due to negative sentiment in the secondary markets. However, the fundamentals of the company suggest that the public expect listing gains of up to 15 per cent. Can go. issue.”
Adani Wilmar IPO Listing: What GMP Indicates
Adani Wilmar IPO is GMP 28, means that the gray market is expecting this public issue to be listed at approx. 258 ( 230+ 28), which is about 13 percent higher than the price band of 218 to 230
public issue eligible 3600 crores were open for subscription on 27 January 2022 and the bidding for the IPO closed on 31 January 2022. The public offer was subscribed 17.37 times while its retail portion was subscribed 3.92 times.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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