Adani Enterprises FPO Review

 
Adani Enterprises FPO

Adani Enterprises FPO Details: Adani Enterprises Ltd. FPO is scheduled to hit the market on January 27 (10:00 AM) and close on January 31 (5:00 PM). Adani Enterprises Limited plans to raise around ₹1500 crores through an FPO with a sale of up to 64,738,475 equity shares of ₹1 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.

Adani Enterprises was founded in 1988 and is a member of the Adani Group, one of India's top business conglomerates with an energy and infrastructure platform. The Group is a multi-national firm with various business ventures.

Adani has a strong history of successful project execution and is a leader in various industries. Over the years, the Group has created industry giants such as Adani Power, Adani Ports & SEZ, Adani Transmission, Adani Green Energy, and Adani Total Gas, all with the goal of making India self-sufficient.

The Adani Group's businesses include:

  • Mining Services
  • Edible Oil & Foods
  • Water
  • Data Center
  • Integrated Resource Management
  • Agro
  • Solar Manufacturing
  • Defence & Aerospace
  • Airports
  • Roads, Metro & Rail

The Group prioritizes quality products and services, sustainability, and giving back to society. As of December 31, 2022, the Adani Group was valued at ₹18,402 billion (approx. US$222 billion).

Adani Enterprises IPO Details

Adani Enterprises FPO opens on Jan 27, 2023, and closes on Jan 31, 2023. The Listing date for Adani Enterprises IPO is on Feb 8, 2023 . The price band for IPO is ₹3112 to ₹3276 per share and lot size of 4 shares.

IPO DateJan 27, 2023 to Jan 31, 2023
Listing DateFeb 8, 2023
Price₹3112 to ₹3276 per share
Lot Size4 Shares
Issue Size₹20,000.00 Cr
Retail DiscountRs. 64 per share
Face Value₹1 per share

Adani Enterprises IPO Tentative Timetable

Adani Enterprises opening date is Jan 27, 2023 and close date is Jan 31, 2023. The IPO allotment date is Feb 3, 2023. The refund initiation of IPO is on Feb 6, 2023. The credit of shares in demat account is on Feb 7, 2023. The listing date is on Feb 8, 2023.

EventDate
IPO OpeningJan 27, 2023
IPO ClosingJan 31, 2023
IPO Allotment DateFeb 3, 2023
Refund InitiationFeb 6, 2023
Shares Credit to DematFeb 7, 2023
Lisiting DateFeb 8, 2023

Adani Enterprises IPO Lot Size

Lot Size of this FPO is 4 shares. A retail-individual investor can apply for up to 13 lots (520 shares or ₹194,922).

CategoryLotsSharesAmount
Retail(Minimum)14₹13,104
Retail(Maximum)1560₹196,560
S-HNI (Minimum)1664₹209,664
B-HNI (Minimum)77308₹1,009,008

Adani Enterprises IPO Promoter Holding

Pre Issue Share Holding72.63%
Post Issue Share Holding

Adani Enterprises IPO Review

Adani Enterprises Limited (AEL) is a flagship company of the diversified Adani Group. Despite a minor setback in FY21 due to the pandemic, the H1 numbers for FY23 indicate a positive future outlook for the company. This follow-on public offering (FPO) has been designed on a partly paid share regime as a way to attract and benefit investors.

Adani Enterprises IPO – Company Financials

Profit & Loss

YearRevenueExpensePAT
2020₹16619₹15529₹69 cr
2021₹13751₹13074₹369 cr
2022₹27328₹26090₹721 cr

Adani Enterprises IPO Subscription Status (Bidding Details)

InvestorSubscription
Qualified Institutions (QII)0
Non-Institutional Buyers0.04
  bNII (bids above ₹10L)0.05
  sNII (bids below ₹10L)0.01
Retail Investors(RII)0.04
Employees0.13
Others0
Total0.03

Adani Enterprises IPO Broker Recommendations

  • Ashika Research: Apply
  • Axis Securities: Not Rated
  • Dilip Davda: Apply
  • HDFC Securities: Not Rated
  • Nirmal Bang: Neutral
  • Sushil Finance Ltd: Neutral
  • Ventura Securities: Apply

Adani Enterprises IPO FAQs

What is Adani Enterprises FPO?

Adani Enterprises is issuing 64,738,475 equity shares with a face value of 1 each, up to ₹20,000.00 Cr. The shares are being offered at a price of
₹3112 to ₹3276 each, with a minimum order quantity of 4 shares.

Link Intime India Private Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.

When Adani Enterprises FPO will open?

Adani Enterprises will open on January 27, 2022 for QIB, NII, and Retail Investors.

When Adani Enterprises FPO will end?

Adani Enterprises will end on January 31, 2022.

What is Adani Enterprises FPO Size?

Adani Enterprises FPO size is ₹20,00.00 crores.

What is Adani Enterprises FPO Price Band?

Adani Enterprises price band is ₹3112 to ₹3276.

What is the Adani Enterprises FPO Allotment Date?

Adani Enterprises allotment date is February 3, 2022.

What is the Adani Enterprises FPO Listing Date?

Adani Enterprises listing date is February 8, 2022. The IPO is to be listed on BSE and NSE.

How to Apply Adani Enterprises FPO through Zerodha?

To apply for the IPO “Adani Enterprises” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the FPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.

How to Apply Adani Enterprises FPO through Upstox?

To apply for the IPO “Adani Enterprises” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the FPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.

How to check Adani Enterprises FPO Allotment Status?

For Adani Enterprises FPO Allotment status check you can visit this link, select the desired FPO and enter your PAN to check the allotment status.

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I'm tech-savvy, loves to write about saving, investing and proper financial planning. Also, I am a blogger, share everything with 100% transparency and the best of my knowledge.

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