Adani Wilmar IPO: After finalizing the share allotment, the bidders of Adani Wilmar IPO (Initial Public Offering) are eagerly awaiting the share listing of Adani Wilmar which is most likely on 8th February 2022. Despite the trend reversal in the secondary market, Adani Wilmar’s stock price declined. Jumped into the gray market. According to market experts, Adani Wilmar’s shares are available at a premium. 30 in the gray market.
Adani Wilmar IPO GMP
Adani Wilmar IPO GMP Today, Market Observers Say 30, which is 5 more than yesterday’s gray market premium 25. He said that after hitting K GMP 16, Adani Wilmar IPO Capable of Going Up to Gray Market Premium 30 which is due to the reversal of the trend in the secondary market. However, there has been a sharp sell-off in the stock market in the last two days and it has also dragged down the Adani Wilmar IPO GMP. Adani Wilmar’s IPO falls below GMP in last two days from 45 30, which makes sense. However, he added that the way the stock market has fallen in the last two days, the Adani Wilmar IPO GMP should have gone down once again. level 15, but it’s on 30, which is commendable.
What does this GMP mean?
Market observers said the GMP is nothing but an expected listing premium that is being indicated by the gray market. Adani Wilmar’s IPO Is Today as GMP 30, means the gray market is expecting this public issue to be listed at approx. 260 ( 230+ 30), which is about 13 percent higher than its price band 218 to 230 per equity share.
However, experts in the secondary market say that GMP is not an ideal indicator about potential listing as it has nothing to do with the company’s balance sheet.
Speaking on the fundamentals regarding Adani Wilmar IPO; Aparajita Saxena, Research Analyst, Trustline Securities, said, “Adani Wilmar enjoys a leadership position in the branded edible oil and packaged food business. This coupled with strong brand recall and wide customer reach.
A diverse product portfolio and market leading brands. It is the largest Oleochemical manufacturer in India with a pan India network and strong distribution infrastructure. Demographic change, increased e-commerce penetration, growth in domestic consumption and supportive government policies are strong tailwinds for the company.”
Commenting on the business model and other fundamentals of the Adani Wilmar IPO; Abhay Doshi, Founder, UnlistedArena.com said, “Adani Wilmar is one of the few big FMCG food companies. Their flagship brand “Fortune” is the largest selling edible oil brand in India. The offer price is as per FY2011 figures. Post issue basis is 41 times PE. Revenue and EBITDA are growing at CAGR (2015-2020) of 11.28% and 20.65% respectively. Lower PAT margin concern by focusing on diversifying into value added products and revenue streams Adani Wilmar’s distribution network is the largest in the edible oil segment.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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