Adani Wilmar IPO: After finalizing the allocation of shares, the bidder of Adani Wilmar IPO (initial public offering) vigorously awaiting Adani Wilmar’s share listing, most likely on February 8, 2022. Although the reversal trend in the secondary market, Wilmar’s stock price has jumped on the market Gray. According to market observer, Adani Wilmar’s shares are available with premiums ₹ 30 on the gray market
Market observer said that Adani Wilmar IPO GMP today is ₹ 30, ₹ 5 higher than the gray market yesterday which is ₹ 25. They say that after hitting GMP is ₹ 16, the premium market gray Adani Wilmar IPO has been able to ride Until ₹ 30, because the reversal of trends in the secondary market. However, there has been a sharp selling on the stock market in the last two days and has attracted ADNI WILMAR IPO GMP too. In the last two days, Adani Wilmar IPO GMP has dropped from ₹ 45 to ₹ 30, which can be understood. However, they are maintained that the way the stock market has fallen in the last two days, Adani Wilmar IPO GMP must once again fall to the level of ₹ 15, but with ₹ 30, which should be praised.
What does this GMP mean?
Market observers say that GMP is nothing but the expected premium that is indicated by the Gray Market. Because Adani Wilmar IPO GMP today is ₹ 30, it means this gray market expecting this public problem to register around ₹ 260 (₹ 230 + ₹ 30), which is around 13 percent higher than the ribbon costs ₹ 218 to ₹ 218 to ₹ 218 to ₹ 218 to ₹ 218 to ₹ 218 to ₹ 218 to ₹ 218 to ₹ 218 to ₹ 218 to ₹ 218 to ₹ 218 to ₹ 218 ₹ 230 per share equity.
However, the secondary market expert says that GMP is not an ideal indicator of the list expected because it has nothing to do with the corporate balance sheet Talking about fundamentals in connection with Adani Wilmar IPO; Aprajita Saxena, Research Analyst at Trustline Securities said, “Adani Wilmar enjoyed the position of leadership in branded vegetable oils and packaged food business. It has a strong brand memory and spacious customer range plus
Diverse product portfolio and brand lead market. This is the largest Oleochemical manufacturer in India with Indian Pan networks and strong distribution infrastructure. Demographic changes, increased e-commerce range, increasing household consumption and supporting government policies are strong windwinds companies Commenting on other business and fundamental models from Adani Wilmar IPO; Abhay Doshi, Founder at UnistorarAdenena.com said, “Adani Wilmar was one of several large FMCG food companies. The main brand” Fortune “is an edible oil brand in India. This offer is priced at PE-41x post-edition based on FY21 numbers . Revenue and EBITDA grew in CAGR (2015-2020) amounting to 11.28% and 20.65% Edible oil segment. “