Adani Wilmar IPO (initial public offering) opened to subscribe on January 27, 2022 and after two days of supply, the status of Adani Wilmar’s IPO subscription said that public problems had subscribed 1.13 times. After two days of offers, retail portions from ₹ 3,600 crores have subscribed 1.85 times. In accordance with market observers, Adani Wilmar shares are available with premiums ₹ 40 at the current Gray Market. Market observer said that Adani Wilmar IPO GMP today is ₹ 40, ₹ 5 lower than the gray market premium yesterday of ₹ 45. They said that after two days of offers, the gray market and subscription status showed that despite market sentiment Negatives, Adani Wilmar IPO GMP has remained stable around ₹ 40 to ₹ 45 for the last 3 days, which is good for IPO. They said that the shares of Adani Wilmar made his debut around ₹ 65 on the gray market which meant it might include around ₹ 65 premium in the case of the Bulls in the case of the bear could provide around ₹ 40 premium to the bidder.
What does this GMP mean?
According to market observers, Gray Market Premium is an estimated view of gain listings that can be expected from certain public problems. But it’s really unregulated unregulated data, which has nothing to do with the company’s balance sheet. Because Adani Wilmar IPO GMP today is ₹ 40, meaning the gray market is expecting a list of adani wilmar shares at a price of around ₹ 270 (₹ 230 + ₹ 40), which is around 177 percent higher than the ribbon costs Rp195,000 a ₹ 230 per ₹ 230 per Equity shares However, stock market experts stated that GMP was not concrete data to find out whether public problems were strong or weak. Someone must see the company’s finances because it reflects the actual financial conditions and important fundamentals that reflect a clear picture of the company.
Advise investors for subscribing to Adani Wilmar IPO; Aprajita Saxena, Research Analyst at Trustline Securities said, “The company enjoys the position of leadership in branded edible oil and a packaged food business. Given the strong brand and spacious customers are combined with a diverse product portfolio with superior market brands. The company is a producer of Oleo -Chemical largest. In India with pan network India and strong distribution infrastructure. Demographic changes, increased e-commerce range, increasing household consumption and supporting government policies are strong tailwinds for FMCG companies. Therefore, positive sentiment in oil stocks This edible can. “
Anuj Jain – Research Head, Co-Founder – Green Portfolio Pvt Ltd said, “Company commands 18.3 percent market share in edible oils Buy clearly with the advice to hold it for the long term. Because the important food and industrial business will grow (where AWL has an ambitious plan), re-ranked PE is near. “