Tuesday, July 5, 2022
HomeBusinessGautam Adani's company Adani Wilmar's IPO became number-1 in Asia in terms...

Gautam Adani’s company Adani Wilmar’s IPO became number-1 in Asia in terms of returns

Gautam Adani: The IPO of Adani Wilmar, the FMCG company of Adani Group, is one of the best performing IPOs across Asia. Gautam Adani’s company Adani Wilmar has given the most excellent returns to investors investing in IPOs in all the companies that have brought IPOs across Asia in recent times.

Adani Wilmar’s IPO is the best
In 2022, 121 companies worth more than $100 million have brought IPO across Asia, out of which Adani Wilmar’s stock has given the best return. The company had come up with an IPO in February 2022 at a price of Rs 230 per share. Which is now trading at around Rs 700. That is, three times the return of the IPO price, the IPO of Adani Wilmar has given investors. While the shares of companies that brought most IPOs in Asia are trading lower. Shares of companies that have brought more than two-thirds of IPOs in the Asian region are trading below their issue prices.

Adani Wilmar gave 200% return
Adani Wilmar’s stock has proved to be a big multibagger for its investors. Has given returns of more than 200 per cent in just 107 days since its listing on the stock exchange on 8 February 2022. Let us tell you that this share of Rs 230 has also touched the level of Rs 878. On Thursday, the stock closed at Rs 698 with a gain of 5 per cent. On the other hand, the stock has gained 10 percent from the lower levels.

listing was faded
Adani Wilmar’s stock was listed in the market on 8 February 2022. The listing was lackluster. The share price had fallen below the IPO price of Rs 230. But from that day onwards, Adani Wilmar’s stock never looked back. Adani Wilmar’s stock continued to rise due to the rise in edible oil prices due to the Russia-Ukraine war. Due to the Russia-Ukraine war, the prices of edible oil have been affected. Ukraine is a major producer country. Adani Wilmar’s stock is getting the benefit of this development. And

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from DIGITNEWS.IN Also investing money is never advised here.)

MOBILE
- Advertisment -

Auto

Two Wheeler

BUSINESS AND FINANCE

Digit News