The Adani Wilmar IPO is the most powerful first public offering among the newly listed shares in the Asian secondary markets. According to a Bloomberg report, Adani Wilmar’s shares have almost tripled since the stock market opened. The Adani Wilmar shares are better than 121 IPOs listed on the Asian stock market this year, the Bloomberg report said.
Adani Wilmar is a joint venture of Asia’s richest man, Gautam Adani’s Adani Group, and Wilmar International Ltd. of Singapore. The shares of Adani Wilmar’s IPO were listed on January 8, 2022. On the listing date, Adani Wilmar Limited’s shares closed at Rs 265.20, against the IPO issue price of Rs 230. The listing day gain was Rs. 35.20. Since listing, Adani Wilmar’s share prices have tripled and gained over Rs 470. The share price on May 27 was at Rs 703 on the BSE.
ADANI WILMAR IPO
The subscription process for the Adani Wilmar IPO was opened on January 27. The subscription process ends on January 31. This is a book-entry IPO issue and the shares are listed on the BSE and NSE. The IPO was recorded 17.37 times. It has subscribed 5.73 times in the Qualified Institutional Buyer (QIB) category, 56.30 times in the Non-Institutional Investors (NII) category, 3.92 times in the retail category, and 0.51 times in the employee segment, including 0, 51 times, and 33.33 times.