Adani Wilmar: Since its first public offering, this Adani stock has skyrocketed, gaining 40% in just two days.
Adani Wilmar Share Price:
Adani Wilmar’s initial public offering (IPO) attracted a large number of investors. At 12.18 a.m. on the BSE, Adani Wilmar’s shares were trading at Rs 318.20, up 19.98 percent. On the BSE, Adani Wilmar’s shares are presently trading in the upper circuit. On the day of the company’s initial public offering, the upper circuit of up to 20% in the company’s shares was hit. Despite a rocky start, the price eventually rose, and the stock closed more than 16 percent higher in yesterday’s trade.
Let us inform you that Adani Wilmar, the parent company of the Fortune FMCG brand, was listed on the Bombay Stock Exchange on Tuesday at a 4 percent discount at Rs 221 a share. The company’s shares were also listed on the National Stock Exchange (NSE) for Rs 227, with a 1% discount, at the same time. The pricing range for Adani Wilmar’s first public offering (IPO) is Rs 218-230.
A profit of Rs 5,733 is made by investors.
Adani Wilmar shares have returned approximately 40% to investors after its first public offering (IPO) (2 trading sessions). Consider the case where an investor was issued one batch of shares and made a profit of Rs 5,733 in just two days. Similarly, if an investor had split 13 lots, he would have made Rs 74,529 in profit. Let us remind you that 65 shares were offered in a single lot for the Adani Wilmar IPO. This IPO allowed investors to apply for a minimum of one lot and a maximum of thirteen lots. This initial public offering was well received by investors. The problem was subscribed to 18 times in total.
