Adani Wilmar, which raised ₹3,600 crore through an IPO in February at an issue price of ₹230 per share, is currently trading at ₹672, 192% above the issue price. IPOs of Veranda Learning Solutions and Venus Pipes & Tubes have given a return of more than 130% since listing. Similarly, companies such as Aether Industries, Electronics Mart, Vedant Fashions, Hariom Pipe Industries, and Campus Activewear are trading 50% to 90% above issue price.
US stocks: US market ends down as oil prices, Treasury yields rise
In a turbulent day for Wall Street, the markets faced declines primarily driven by disappointing performances from Alphabet and Amazon, compounded by increasing Treasury yields.