Adani Wilmar has debuted at Rs 221.00 on the BSE, down by 9 points or 3.91% from its issue price of Rs 230.
The scrip is currently trading at Rs 247.90, up by 17.90 points or 7.78% from its issue price. It has touched a high and low of Rs 249.70 and Rs 221.00 respectively. So far 20.29 lakh shares were traded on the counter. Adani Wilmar
The issue price was fixed at Rs 230 per share i.e. at upper end of price band of Rs 218-230 apiece was subscribed 17.37 times. The QIB quota was subscribed 5.73 times, whereas the HNI portion was subscribed 56.3 times. Retail allocation fetched bids for a little less than 4 times. Employee reservation received merely 50 per cent subscription. The IPO was open for subscription between January 27-31.
Adani Wilmar is one of the few large FMCG food companies in India to offer most of the essential kitchen commodities for Indian consumers, including edible oil, wheat flour, rice, pulses and sugar. Its products are offered under a diverse range of brands across a broad price spectrum and cater to different customer groups.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.