Shares of Adani Wilmar Ltd. hit the upper circuit yet again.
The stock is now locked at Rs 386.25 after it soared by its daily limit of 20% on Thursday. Adani Wilmar had closed 20% higher on Wednesday and 16.6% up on its listing day on Tuesday. In all, the shares are now 68% higher over Rs 230, the upper band of its initial public offering issue price.
The consumer goods joint venture between billionaire Gautam Adani's conglomerate and Wilmar Group had listed on the NSE and BSE after its three-day offer was subscribed 17.37 times.
The company successfully raised Rs 3,600 crore via fresh shares in the second IPO of the year, after having scaled down the size from Rs 4,500 crore at the time of filing the draft red herring prospectus.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
