Adani Wilmar After 2 days of beading, the share is at a premium of Rs 40 in the gray market. The premium has come down in the gray market amid negative market sentiments, but the company’s stock may list at a higher rate than the issue price.
Adani Wilmar IPO GMP Rate: Adani Wilmar, a company of Adani Group, which makes edible oil and other food products, has been fully subscribed within 2 days of IPO bidding. By the second day of the issue i.e. January 28, it was subscribed 1.13 times. Its retail share is 1.85 times full. One can invest in Adani Wilmar’s IPO till January 31. After 2 days of bidding, the share is at a premium of Rs 40 in the gray market. The premium has come down in the gray market amid negative market sentiments, but the company’s stock may list at a higher rate than the issue price.
Listing can be done at premium
Talking about the gray market, Adani Wilmar’s stock is currently at a premium of Rs 40 in the gray market. It was at a gray market premium of Rs 65 on Thursday and Rs 45 to 47 on Friday. That is, the share price has decreased even in the gray market. However, despite the negative sentiment of the market, the gray market premium of this IPO has managed to stay around Rs 40 to 47. This indicates that the listing of the IPO may be done at a premium of 15 to 20 percent.
Investment opportunity till 31st January
Adani Wilmar’s IPO was open for subscription on 27 January 2022. One can invest in it till January 31. This is the second IPO of the year 2022 and the company plans to raise Rs 3600 crore through its IPO. The company has fixed the price band for this at Rs 218-230 per share.
which part is full
Adani Wilmar has reserved 50 per cent stake in the IPO for Qualified Institutional Investors (QIBs). This part was filled 0.39 times till the second day. At the same time, there is a reserve of 15 percent for non-institutional investors and this part was filled 0.88 times. 35 per cent has been reserved for retail investors and it was filled 1.88 times. The reserve share for employees is 0.18 times and for shareholders is 0.87 times. Overall this issue is subscribed 1.13 times.
investment advice
Swastika Investmart Ltd. Senior Analyst of K Ayush Aggarwal has given investment advice in the stock. He says that the track record of the company’s revenue has been excellent. It has established itself well in the FMCG sector. The company occupies a leading position in edible oil and packaged food. The valuation of IPO is looking good. It can be subscribed both in terms of listing gain and long term.
Brokerage House Choice Broking recommends to subscribe. The brokerage says that the company has a strong market position in the case of edible oil and other food products. The company has a leading position in the market in Raw Material Sourcing. Manufacturing capacity is strong. Valuation looks better than Pierce,
(Disclaimer: The investment advice here is given by the brokerage house. This is not the personal view of The Financial Express. There are risks in the market, so consult an expert before investing.)
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