Kwality Wall’s Lists at Around 26% Discount After Demerger from Hindustan Unilever

Kwality Wall’s India Limited made its stock market debut on 16 February 2026, listing on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), but the ice cream major began trading at a sharp discount compared to its reference price.On the NSE, the stock opened at ₹29.80 per share, marking a 25.87% decline from the discovered reference price of ₹40.20. On the BSE, it listed at ₹29.90, reflecting a 21.6% drop from its reference price of ₹38.15.The weaker-than-expected debut comes after the demerger of the ice cream business from Hindustan Unilever Limited (HUL), making Kwality Wall’s a standalone listed company for the first time.Kwality Wall’s Listing Details: Market Cap, Share Allotment and Trading ApprovalAt the NSE listing price, Kwality Wall’s India was valued at approximately ₹7,000 crore in market capitalisation.The exchanges had approved the listing and trading of around 234.96 crore equity shares on 12 February 2026. Trading officially commenced on 16 February.Under the demerger scheme, shareholders of Hindustan Unilever received one share of Kwality Wall’s India for every one HUL share held as of the record date, which was fixed at 5 December 2025. The scheme of arrangement became effective from 1 December 2025.This meant that…  ​Read MoreStartupTalky- Business News, Insights and Stories