FMCG/Edible Oil - Listed on 08 February 2022
Adani Wilmar (FMCG/Edible Oil) closed its IPO window in 2022 and listed on NSE and BSE on 08 February 2022 at an upper band issue price of Rs 230, opening at Rs 268.25 for a listing gain of +16.6% and closing day one at Rs 268.25 (+16.6% on closing basis). The IPO was subscribed 182.44x overall - QIB 331.60x, HNI/NII 267.94x, Retail 63.77x. The total issue size was Rs 410.05 Cr (Fresh Issue Rs 210 Cr, OFS Rs 200.05 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
FMCG/Edible Oil
Adani Wilmar operates in the FMCG/Edible Oil space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Adani Wilmar issue was offered at an upper price of Rs 230 and raised approximately Rs 410.05 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 50 | +21.74% |
| Day 2 | Rs 60 | +26.09% |
| Day 3 | Rs 50 | +21.74% |
| Day 4 | Rs 45 | +19.57% |
| Day 5 | Rs 35 | +15.22% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Adani Wilmar IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Adani Wilmar IPO listed at +16.6% versus the upper issue price of Rs 230 on 08 February 2022.
Adani Wilmar IPO was subscribed 182.44x overall. QIB portion was subscribed 331.60x, HNI / NII 267.94x and Retail 63.77x.
IPO GMP started at Rs 50 on Day 1 and moved to Rs 35 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.