Adani Wilmar Share Price Target A large edible oil company has a fixed price range of Rs 218-230 for a three-day accommodation fee. The offering received offers for more than 3 crores of shares compared to the size of the IPO of 12.25 crores of shares. The company is selling shares at Rs 218-230 each in a three-day initial public offering.
Ventura Securities recommended the issue with a 24-month target price of Rs 468.8 per share, a 103 percent increase from the issue price. The edible oil company has set a price range of Rs 218-230 per share for the public offering. Ahead of this week’s IPO, brokerage firm Ventura set its IPO price for Adani Wilmar’s stock at more than double in a year.
Adani Wilmar Share Price Target
The company decided to allocate about 4.09 crores of shares to anchor investors at Rs 230 each. Adani Wilmar’s public offering includes a new share issue and there will be no secondary offering. Earlier, Adani Wilmar reduced the size of its initial share sale to Rs 3,600 crore from a previously planned Rs 4,500 crore. The company’s shares are expected to be listed on the BSE and NSE stock exchanges on 8 February.
“From a valuation standpoint, the post-TTM P/E (12-month tail) is 37.6x (at the top of the issuance price range), which is reasonable considering the all-time high of the AWL line and the lower CAGR of 13% and 39% in FY2019-21, respectively.
Speaking at a virtual press conference on Jan. 21, Adani Wilmar CEO and CEO Angshu Mallik said the company will focus on increasing its market share in the edible oils segment and developing the food business. According to market watchers, Adani Wilmar Share Premium (GMP) remains stable at Rs 45 in today’s gray market. The share price of Adani Enterprises tends to rise, so we believe that similar market segments have been very popular over a period of time.
Adani Wilmar Share Price Target 2022 , 2023 , 2024 , 2025 & 2030
The price range has been set at Rs 218-230 crore, a share for its public offering, through which the company aims to raise to Rs 3,600 crore. Adani Wilmar is one of the few major food companies in India that offers Indian consumers most of the staples for cooking, including edible oil, wheat flour, rice, pulses and sugar. The public issue, including fresh shares, will open for subscription on January 27th and close on January 31st. The price range is Rs 218-230 per share.
Retail investors signed up for the IPO 0.61 times, and non-institutional subscribers offered 5% of their reserved stake. The company’s shares are expected to be listed on the BSE and NSE stock exchanges on February 8, 2022.
According to JM Financial Services’ IPO report, one of the key risks is that Adani Wilmars is dependent on the supply of a wide range of commodities such as crude palm oil, soybean and sunflower oil, wheat, paddy rice and oilseeds.
Breaking news is collected from various sources and can have a positive or negative impact on stock prices in the short term. These Adani Enterprises Limited (ADANIENT) tomorrow’s forecasts and traffic forecasts are for tomorrow’s session only.
Currently, six companies of the Adani group are listed on national stock exchanges. BSE and Sensex quotes are displayed in real time and are licensed by the Bombay Stock Exchange.
AdaniEnterprises target forecast for January 2022 is 1823.65, 1654.63, 1485.6 up and 1023.55, 1192.58, 1361.6 down. This usually happens when there is a positive mood behind the headline, which makes it attractive. AdaniEnterprises target forecast for May 2022 is 2468.14, 2061.61, 1655.07 up and 379.06, 785.6, 1192.13 down.
Wilmar International Limited is a Singapore-based investment holding and management services company. Since this stock has a lot of potential, we recommend it as part of your portfolio. Investors can bet on a minimum of 65 stocks and multiples of them.
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