New Delhi: Adani Wilmar Stocks Ltd on Tuesday made a warm market debut but immediately recovered lost land to surge more than 16 percent against the price of the issue of Rs 230.
Stock made his debut at Rs 221, a discount of 3.91 percent of the price problem at BSE .
But, immediately recovered the land lost and jumped 15.30 percent to settle at Rs 265.20.
Likewise, at NSE, it fell 1.30 percent to register at Rs 227.
But, the stock bounced back and reduced 16.23 percent to close at Rs 267.35.
The company ordered a market assessment of Rs 34,467.48 Crore at BSE.
In terms of volume, 75.10 Lakh shares traded on BSE and more than 13.55 crores on NSE.
The initial public offering Adani Wilmar (IPO) saw more than 17 requests for the stock offered last month.
Adani Wilmar, a joint venture between the Adani Group and the Wilmar Singapore Group, has set a ribbon price of Rs 218-230 per share for the IPO, which is opened for offers on January 27.
Incorporated in 1999, Adani Wilmar is a FMCG food company offering most important kitchen commodities, including oil, flour, rice, pulses, and sugar.
Branded products accounted for around 73 percent of the sale of vegetable oil, food and FMCG in fiscal year 2020-21.
Adani Wilmar’s shares recovered to complete more than 16% profit
