Adani Enterprises, a part of the Adani Group, will issue FPO to raise a fund of about ₹20,000 crores.
Adani Enterprises submitted papers with the market regulator in November 2022 to raise fresh capital funding of ₹20,000 crores through preferential allotment and retail sale of shares. It will become the largest FPO by an Indian company.
The company plans to dilute a 3.5% stake through the FPO. Currently, the promoter’s group has a 72.63% stake in the firm. Life Insurance Corporation is one of the major stakeholders of the company.
Adani Enterprises FPO will go live on January 27, 2023. The subscription window will remain for three days until January 31, 2023. The FPO shares have a face value of ₹1, but the Adani Enterprises FPO price band is yet to be declared.
Like IPO, companies raise capital funds from the market by selling new equity shares. However, FPO has certain advantages as compared to IPO. In the case of an FPO, investors have clarity over the company’s management, business practices, and growth.
Here are the details of the Adani Enterprise FPO lot size:
- Minimum lot size: XYZ shares
- Maximum lot size: XYZ shares
Furthermore, the allocation of shares for different investor categories is as follows:
- For Qualified Institutional Buyers or QIB, it is[.]%
- For Retail Individual Investors or RII, it is[.]%
- For Non-institutional Investors or NII, it is[.]%
Additionally, the lead managers of this public issue. are –
- IDBI Capital
- Jefferies
- ICICI Securities
- SBI Capital
- Bank of Baroda Capital
- Elara Capital
Will be updated the name of the Adani Enterprises FPO registrar soon.
Listing at NSE, BSE
| Opening Date | Closing Date |
| Jan 27, 2023 | Jan 31, 2023 |
| Price Band | Issue Size |
| ₹3112 – ₹3276 per share | ₹20,000 crore |
| Face Value | Market Lot |
| ₹1 per equity share | 230 Shares |
Adani Enterprises FPO Important Dates
Here are the important Adani Enterprises FPO dates.
| FPO Event | Date |
|---|---|
| FPO Opens on | 27 January 2023 |
| FPO Closes on | 31 January 2023 |
| Basis Of Allotment Publication Date | 3 February 2023 |
| Initiation Of Refunds | 6 February 2023 |
| Credit Of Shares To Demat Account | 7 February 2023 |
| FPO Listing Date | 8 February 2023 |
View All Upcoming IPO’s
About Adani Enterprises Ltd.
Adani Incorporated in 1988, Adani Enterprises Limited is part of the Adani Group. They are among India’s top business houses, having an integrated energy and infrastructure platform in India The Group is an Indian Multinational company engaged in multiple business ventures.
With a long track record of successful execution of various large-scale projects, the company has emerged as a leader in different segments.
Over the decades of its operations, the Group has established unicorns like Adani Power, Adani Ports & SEZ, Adani Transmission, Adani Green Energy, and Adani Total Gas. The companies’ endeavors are highly driven toward making India a self-reliant country.
Adani Enterprises is the flagship company of the Adani Group, primarily involved in the diversified business of coal and iron ore mining, oil and gas exploration, ports, multi-modal logistics, power generation and transmission, gas distribution, edible oil, and Agro commodities. Its segments include resource management, mining, solar power generation, and airport.
Adani Enterprises FPO Objectives
The Company didn’t release any official statement regarding its objective for the FPO. However, experts believe it will help the business in cutting debt. Adani Enterprises has funded its recent expansion through borrowing, which it will try to trim through the fresh infusion of funds.
Why should you invest in the Adani Enterprises FPO?
Here are your top two reasons to buy Adani Enterprises FPO:
- Adani Enterprise has a diversified business, including gas and oil exploration, coal and iron ore mining, and edible oil and Agro products.
- The company earned multibagger returns for investors.
Financial Highlights
| Financial Year | Total Asset | Total revenue | Profit After Tax | Basic EPS |
|---|---|---|---|---|
| March 2020 | 13,885.57 | 44,086.21 | 1,138.17 | 10.35 |
| March 2021 | 51642.86 | 40290.93 | 922.64 | 8.39 |
| March 2022 | 101760.19 | 70432.69 | 776.56 | 7.06 |
How to apply for Adani Enterprises FPO?
Click here to open an account and check the live subscription status—->
Adani Enterprises FPO Noteworthy Highlights:
- In the quarter that ended in September 2022, Adani Enterprises’ profit doubled to ₹460.94 crore from the same period last year, whereas its revenue jumped 189% to ₹38,175.23 from a year ago.
- Adani Enterprise stocks jumped 130% from the last year’s price level. The company has given 3000% returns since its listing.
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