Key facts
- Vedanta Aluminium listed on the BSE at Rs 527 and on the NSE at Rs 522.
- The demerged company's market capitalization at debut was Rs 2.06 lakh crore.
- This market capitalization surpassed that of the parent company, Vedanta.
Vedanta Aluminium made its market debut on Monday, listing at Rs 527 on the BSE and Rs 522 on the NSE. The demerged entity's market capitalization of Rs 2.06 lakh crore exceeded that of its parent, Vedanta.
The successful listing and high debut valuation of Vedanta Aluminium suggest strong investor confidence in the company's prospects and the broader aluminium market, potentially signaling a shift in the Vedanta Group's strategic focus.
Vedanta Aluminium made its much-anticipated market debut on Monday, listing at Rs 527 per share on the BSE and Rs 522 on the NSE. This listing marks a significant step in the demerger of four firms from the parent Vedanta Group. The demerged entity's market capitalization at debut stood at Rs 2.06 lakh crore, notably surpassing the total market capitalization of its parent company, Vedanta. Market analysts had projected a debut in the Rs 398-489 range, with Nuvama expecting the market capitalization to exceed Rs 1.74 lakh crore. Vedanta Aluminium is now the only large-cap stock among the four Vedanta Group companies that have listed following the demerger. Analysts at ICICI Securities have identified Vedanta Aluminium as the group's most attractive entity, referring to it as the new 'crown jewel'. This assessment is supported by the company's strong contribution to group revenues and margins, favorable industry dynamics including tight global supply and elevated aluminium prices, and ongoing capacity expansions driving volume growth.