Adani Wilmar Shares Going to debut on Indian indices today. According to BSE NoticeAdani Wilmar IPO listing date has been fixed as 8th February 2022. The BSE notice informs that with effect from Tuesday, February 8, 2022, the equity shares of Adani Wilmar Limited will be listed and admitted for dealing on the list of BSE and NSE. Group of ‘B’ securities in special pre-open session. Adani Wilmar’s share price has increased in the gray market before the share listing. As per market observers, Adani Wilmar IPO GMP (Grey Market Premium) is today 30.
According to stock market experts, the fundamentals of Adani Wilmar Limited are very strong and its brands are easily available in FMCG retail outlets. He added that Adani Wilmar shares can be expected to have a ‘reasonable’ opening and predict a listing premium of up to 15 per cent. He said that the shares of Adani Wilmar may open almost from 250 260 per equity share range.
Speaking on Expected Adani Wilmar IPO Listing Price; Abhay Doshi, Founder, UnlistedArena.com, said, “Due to global selloff and weak sentiments in the primary market, Adani Wilmar’s IPO received moderate response. The pricing also looked moderate. Strong parentage and pan-India distribution network are fundamental, which Might attract investors. I am expecting a fair opening for the shares of Adani Wilmar and it may reward more than 15 per cent return on the issue price.”
Adani Wilmar on Share Listing; Ayush Agarwal, Senior Analyst, Swastik Investmart Ltd. said, “Adani Wilmar will be the seventh listed company of the Adani Group, which has already established itself as a brand in the FMCG sector. The company is a leader in branded edible oils and packaged food. In India, the IPO is priced at a P/BV of 7x and a PE of 36x on FY2011 earnings, slightly lower than its listed peers.Adani Wilmar received a good response from the market with 17.37x subscriber base. We expect the shares to list at a premium of 15 per cent to 20 per cent of the offer price based on current GMP, which is 13 per cent higher than its price band.
What is the listing premium to be expected from Adani Wilmar IPO; Ravi Singhal, Vice Chairman, GCL Securities said, “Though the Adani Wilmar IPO GMP is 13 per cent of its price band today, we are expecting a premium of approx. 40 more in case of bear In case of Bulls as much as 70 will depend on the market sentiment. 300 per share level.”
Adani Wilmar IPO GMP
Adani Wilmar’s IPO is GMP today, according to market watchers 30, which is 2 more than yesterday’s gray market premium 28. Adani Wilmar’s IPO Is Today as GMP 30, means that the gray market is expecting Adani Wilmar’s shares to be listed around 260 ( 230+ 30), which is about 13 percent higher than its price band from 2818 230 per equity share.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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