Adani Wilmar: Should you hold, buy or sell the stock post a muted debut?

The company's IPO saw strong response from investors and had been subscribed 17 times. The issue had received bids for 212.88 crore shares against the offer size of 12.25 crore shares.

Edible oil major Adani Wilmar made a weak market debut on the bourses on Tuesday as opposed to what the Street had expected. The listing was in line with the overall weak market sentiment though the counter recovered from its inital loss as trade progressed. 

The stock listed at Rs 221 on the BSE, a discount of nearly 4 per cent over the issue price of Rs 230. On the NSE, it listed with a minor loss of 1 per cent at Rs 227. The stock was commanding a grey market premium of about 10 per cent ahead of the