• Miki

The best-performing IPO in Asia is Adani Wilmar, which has returned 135 percent since listing.



Adani Wilmar Ltd., a stock of the Adani Group, stands out among freshly listed equities. While most newbies are trading in the red, the company has roughly tripled since its launch. According to a Bloomberg report, the Adani Wilmar Shares joint venture between Singapore's Wilmar International Ltd. and the organization Gautam Adani controls has outpaced 121 Asian initial public offerings with a value of over $100 million this year.

The share price of Adani Wilmar has been in a consolidation period for the past month. It has decreased by almost 21% in the past month. The stock is one of the multi-bagger stocks in 2022, nevertheless, it gave its shareholders a return of around 135% in that year.


However, yesterday's share price opened lower than expected and continued to decline, hitting the lower circuit for the third session in a row, reaching an intraday low of Rs. 631.65 per share. Stock market experts claim that the stocks of edible oil producers may continue to be dictated by growing input costs and falling domestic edible oil prices, so it is best to refrain from opening a new position in the stock.

The Monetary Authority of Singapore and Nippon Life India were investors in the Adani Wilmar IPO. The company produces wheat flour, rice, legumes, sugar, and cooking oils under the Fortune brand. According to the justification for the IPO, a portion of the $486 million would be used for facility expansion, loan repayment, and strategic acquisitions.

Because of its excellent distribution network, diverse product range, and market, market analysts anticipate that Adani Wilmar will continue to gain market share. According to Vikrant Kashyap, an analyst at KR Choksey, "the company is projected to continue to acquire market share on account of solid parentage, varied product portfolio, market leadership in key categories, concentration on rural market, and new product releases." Adani Wilmar receives a "substantial advantage" from its parents, according to Kashyap, who suggested the company as an accumulation in a report this month. Adani Wilmar used IPO funds to pay off debt. The memo also stated that anticipated acquisitions will increase market share. The corporation recently disclosed the acquisition of several brands, including the India-specific Kohinoor culinary brand.


The FMCG food company Adani Wilmar Ltd. (AWL), founded in 1999 as a joint venture between the Adani Group and the Wilmar Group, provides the majority of the basic kitchen commodities.s for Indian customers, such as sugar, rice, wheat flour, legumes, and edible oil. Three categories of products make up the company's product portfolio: edible oil, packaged foods and FMCG, and basics for the sector.


Regarding the other listed equities of the Adani Group, Adani Power Ltd. has outperformed all other S&P BSE 500 index participants by more than 200% this year. Adani Green Energy Ltd., which has increased by 65% year-to-date, is the fifth-best performer overall despite having no analyst coverage. Overall performance has been positive for all Adani Group stocks.


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