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Adani Wilmar IPO: GMP halves in a week; analysts expect 10-25% listing gain

Analysts believe Adani Wilmar's strong parentage links with the Adani Group may give it a necessary fillip on the listing day

Adani Wilmar plans to buy local food brands with funds from upcoming IPO
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Nikita Vashisht New Delhi
Last week's stock market rout, especially in the broadeer market, has eroded half of Adani Wilmar's grey market premium (GMP). From a high of Rs 70 per share, the GMP of unlisted shares have declined to Rs 23 at the moment. This translates into a listing premium of just 10 per cent.

"The bearish sentiments, especially in the broader market, coupled with tepid listing of recent market debutants have shaken faith of investors in the primary market. The GMP of Adani Wilmar has declined about 50 per cent in a week and we expect a listing premium of around 10-15

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First Published: Jan 31 2022 | 2:00 PM IST

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