Adani Wilmar share prices triple, becomes best-performing IPO in Asia
India Today
Adani Wilmar's shares have performed better than as many as 121 IPOs that were listed on Asian stock markets this year.
The Adani Wilmar IPO is the best performing initial public offering among newly listed stocks in Asian share markets. The stocks of Adani Wilmar have nearly tripled since its listing, according to a Bloomberg report.
Adani Wilmar's shares have performed better than as many as 121 IPOs that were listed on Asian stock markets this year, the Bloomberg report said.
Adani Wilmar is a joint venture between Asia's richest person, Gautam Adani's Adani Group and Singapore's Wilmar International Ltd.
Adani Wilmar IPO shares were listed on stock exchanges on January 8, 2022. On the listing date, Adani Wilmar Limited's shares closed at Rs 265.20 against the IPO issue price of Rs 230. The listing day gain was Rs 35.20.
Since listing, Adani Wilmar share prices have tripled and gained over Rs 470. The share price on May 27 was at Rs 703 on BSE.
The subscription process for the Adani Wilmar IPO was opened on January 27. The subscription process closed on January 31.
It was a book built issue IPO and shares were on BSE and NSE.
