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Adani Enterprises Limited FPO (Adani Enterprises FPO) Detail

January 27, 2023 - January 31, 2023

Adani Enterprises FPO is a book built issue of Rs 20,000.00 crores. The issue is entirely a fresh issue of 6.47 crore shares.

Adani Enterprises FPO bidding started from January 27, 2023 and ended on January 31, 2023. The allotment for Adani Enterprises FPO was finalized on Friday, February 3, 2023. Adani Enterprises FPO will list on BSE, NSE with tentative listing date fixed as Wednesday, February 8, 2023.

Adani Enterprises FPO price band is set at ₹3112 to ₹3276 per share. The minimum lot size for an application is 4 Shares. The minimum amount of investment required by retail investors is ₹13,104. The minimum lot size investment for sNII is 16 lots (64 shares), amounting to ₹209,664, and for bNII, it is 77 lots (308 shares), amounting to ₹1,009,008.

ICICI Securities Limited, Jefferies India Private Limited, SBI Capital Markets Limited, Axis Capital Limited, Bob Capital Markets Limited, Idbi Capital Market Services Limited, Jm Financial Limited, Iifl Securities Ltd, Monarch Networth Capital Ltd and Elara Capital (India) Private Limited are the book running lead managers of the Adani Enterprises FPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Adani Enterprises FPO RHP for detailed information.

Adani Enterprises FPO Details

IPO Date January 27, 2023 to January 31, 2023
Listing Date [.]
Face Value ₹1 per share
Price Band ₹3112 to ₹3276 per share
Lot Size 4 Shares
Total Issue Size64,738,475 shares
(aggregating up to ₹20,000.00 Cr)
Fresh Issue64,738,475 shares
(aggregating up to ₹20,000.00 Cr)
Retail Discount Rs 64 per share
Issue Type Book Built Issue FPO
Listing At BSE, NSE

Adani Enterprises FPO Reservation

Adani Enterprises FPO offers 45,506,791 shares. 12,821,336 (28.17%) to QIB, 9,616,323 (21.13%) to NII, 22,908,464 (50.34%) to RII, 160,668 (0.35%) to employees. 5,727,116 RIIs will receive minimum 4 shares and 50,088 (sNII) and 100,166 (bNII) will receive minimum 64 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered12,821,336 (28.17%)NA
NII (HNI) Shares Offered9,616,323 (21.13%)
  bNII > ₹10L6,410,668 (14.09%)100,166
  sNII < ₹10L3,205,655 (7.04%)50,088
Retail Shares Offered22,908,464 (50.34%)5,727,116
Employee Shares Offered160,668 (0.35%)NA
Total Shares Offered45,506,791 (100%)

Adani Enterprises FPO Timeline (Tentative Schedule)

Adani Enterprises FPO opens on January 27, 2023, and closes on January 31, 2023.

IPO Open Date Friday, January 27, 2023
IPO Close Date Tuesday, January 31, 2023
Basis of Allotment Friday, February 3, 2023
Initiation of Refunds Monday, February 6, 2023
Credit of Shares to Demat Tuesday, February 7, 2023
Listing Date Wednesday, February 8, 2023
Cut-off time for UPI mandate confirmation 5 PM on January 31, 2023

Adani Enterprises FPO Lot Size

Investors can bid for a minimum of 4 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 4 ₹13,104
Retail (Max) 15 60 ₹196,560
S-HNI (Min) 16 64 ₹209,664
S-HNI (Max) 76 304 ₹995,904
B-HNI (Min) 77 308 ₹1,009,008
Lot Size Calculator

Adani Enterprises FPO Promoter Holding

Gautam S. Adani and Rajesh S. Adani are the promoters of the company.

Share Holding Pre Issue 72.63%
Share Holding Post Issue

About Adani Enterprises Limited

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 endeavors of the companies are highly driven toward making India a self-reliant country.

The businesses of Adani Group include-

  1. Mining Services
  2. Edible Oil & Foods
  3. Water
  4. Data Center
  5. Integrated Resource Management
  6. Agro
  7. Solar Manufacturing
  8. Defence & Aerospace
  9. Airports
  10. Roads, Metro & Rail

The company not only emphasizes its efforts on offering the best quality products and services but also ensures to contribute towards a sustainable environment and offering back to society. The Adani Group had a market capitalization of ₹18,402 billion (approximately US$222 billion) as of December 31, 2022.

Company Financials

Adani Enterprises Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-2046898.3644086.211039.9918209.9412604.91
31-Mar-2151642.8640290.931045.7618910.0116051.42
30-Sep-2182324.6826327.73460.1423176.2832189.62
31-Mar-22101760.1970432.69787.726928.3741023.77
30-Sep-22123091.2879507.89901.0436176.440023.5
Amount in ₹ Crore

Objects of the Issue (Adani Enterprises FPO Objectives)

The Company proposes to utilize the Net Proceeds towards funding of the following objects:

  1. Funding capital expenditure requirements of some of the Subsidiaries in relation to (a) certain projects of the green hydrogen ecosystem; improvement works of certain existing airport facilities; and construction of greenfield expressway;
  2. Repayment, in full or part, of certain borrowings of our Company and three of our Subsidiaries, namely, Adani Airport Holding Limited, Adani Road Transport Limited, and Mundra Solar Limited; and
  3. General corporate purposes.

Adani Enterprises FPO Review (Apply)

[Dilip Davda]  The Adani group has become the darling of investors over the years and is giving a tough fight to the Ambani group in the number race. AEL has rewarded its stakeholders handsomely and is confident of continuing the trend. Based on its current financials, the issue appears fully priced. This FPO is meant for investors looking for long-term wealth creation options. Read detail review...


Adani Enterprises FPO Subscription Status (Bidding Detail)

The Adani Enterprises FPO is subscribed 1.12 times on January 31, 2023 7:00:00 PM. The public issue subscribed 0.12 times in the retail category, 1.26 times in the QIB category, and 3.32 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB1.26
NII3.32
    bNII (bids above ₹10L)4.97
    sNII (bids below ₹10L)0.02
Retail0.12
Employee0.55
Total1.12

IPO Notices

External Link

Canceled - Adani Enterprises FPO is withdrawn by the company

February 1, 2023

Adani Enterprises said in an exchange filing that it has canceled its Follow-On Public Offering (FPO) and will return money to its investors.

Adani Enterprises FPO Prospectus

Adani Enterprises FPO Rating

1118
3.1
Rating:Rated 3.1 stars
Vote Here ...

Adani Enterprises Limited Contact Details

Adani Enterprises Limited
Shantigram, Near Vaishnodevi Circle,
S G Highway,
Ahmedabad-382421
Phone: +91-79-26565555
Email: investor.ael@adani.com
Website: https://www.adanienterprises.com/

Adani Enterprises FPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: ael.fpo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Adani Enterprises FPO FAQs

Adani Enterprises FPO is a main-board FPO of 64,738,475 equity shares of the face value of ₹1 aggregating up to ₹20,000.00 Crores. The issue is priced at ₹3112 to ₹3276 per share. The minimum order quantity is 4 Shares.

The FPO opens on January 27, 2023, and closes on January 31, 2023.

Link Intime India Private Ltd is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Adani Enterprises FPO using UPI as a payment gateway. Zerodha customers can apply in Adani Enterprises FPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Adani Enterprises FPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Adani Enterprises FPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Adani Enterprises FPO opens on January 27, 2023 and closes on January 31, 2023.

Adani Enterprises FPO lot size is 4 Shares, and the minimum amount required is ₹13,104.

You can apply in Adani Enterprises FPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Adani Enterprises FPO will be done on Friday, February 3, 2023, and the allotted shares will be credited to your demat account by Tuesday, February 7, 2023. Check the Adani Enterprises FPO allotment status.

The Adani Enterprises FPO listing date is not yet announced. The tentative date of Adani Enterprises FPO listing is Wednesday, February 8, 2023.
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Adani Enterprises FPO Message Board

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1955 Comments

755. Cautious ProPrio |   Link |  Bookmark |February 25, 2023 9:36:49 AM
IPO Guru IPO Guru (1900+ Posts, 1100+ Likes)
The Hindu Businessline has reported that Gautam Adani visited SEBI headquarters twice in four weeks in September and October 2022 and met with officials, directors and the SEBI chairperson Madhabi Puri Buch. If SEBI was already investigating issues raised against the Adani Group, its offshore entities and its transactions, wasn t it a conflict of interest for the SEBI chairperson and directors to meet Gautam Adani? How often do the promoters of listed companies visit the SEBI office and hold meetings with the SEBI chairperson, especially when the company is under investigation by the regulator: m m b
754. PIYUSH CHAUDHARY |   Link |  Bookmark |February 23, 2023 11:50:58 AM
gone
753. Regulagedda Ambica Prasad |   Link |  Bookmark |February 20, 2023 9:20:43 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
With the blow given by Adani, all IPOs went to hibernation.
IPO holiday atleast for 1-3 months
753.2. amit K singh |   Link |  Bookmark |February 23, 2023 9:44:50 PM
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
One more Adani (friend) stock is missing from the list.. LIC !!
753.3. Smile✍️ |   Link |  Bookmark |February 24, 2023 12:34:43 PM
IPO Guru IPO Guru (1500+ Posts, 800+ Likes)
😂😂😂
752. crsl |   Link |  Bookmark |February 18, 2023 11:27:22 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)

Forbes is out with a major article evidencing hidden Adani promoter pledges:
A private Vinod Adani-controlled Singaporean entity pledged Adani promoter stakes for $240m in loans from a Russian bank.
Zero disclosure of these pledges to Indian exchanges

751. abc xyz |   Link |  Bookmark |February 17, 2023 7:10:00 PM
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
Won't accept sealed cover suggestions': Supreme Court to Centre on Adani issue
India News
Published on Feb 17, 2023 03:41 PM IST
CJI DY Chandrachud said if the court accepts suggestions from a sealed cover, the other party won't know. “We want to ensure transparency,” the CJI said as the top court heard petitions on Adani-Hindenburg issue.

This development shows that the Supreme Court will form their own committee and the truth will come and who supported the group may be known. Let's see how market reacts this development.
751.1. amit K singh |   Link |  Bookmark |February 18, 2023 4:36:03 PM
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
Supreme Court says something, but nse does their own way...
Adani Wilmar will be part of Nifty Next 50 and Nifty 100 indices, while Adani Power will be included in Nifty 500, Nifty 200, Nifty Midcap 100, Nifty Midcap 150, Nifty LargeMidcap 250, and Nifty Midsmallcap 400 indices from 31 Mar 2023...

750. PIYUSH CHAUDHARY |   Link |  Bookmark |February 17, 2023 11:33:19 AM
GONE
749. Vultureee |   Link |  Bookmark |February 16, 2023 9:40:05 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
Akal pada hai Main board pe.
749.1. Romy HNI |   Link |  Bookmark |February 16, 2023 11:52:30 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Status quo for one more month....
748. arunARUN |   Link |  Bookmark |February 11, 2023 10:54:53 AM
IPO Guru IPO Guru (1900+ Posts, 1600+ Likes)
One feels that IPO markets will remain dull in month of February 2023.
2 3 issue are expring soon. It is my feel that failure rate (not going through IPO after filing DRHP) has gone up from 1 in 4 DRHP to 1 in 3 DRHP
Given the fact that each DRHP filing costs a lot, is it indication of greed or not being ready
748.3. Romy HNI |   Link |  Bookmark |February 13, 2023 10:27:24 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Retail investors are applying for profit only....even HNI and QIB also invests for the same reason....

Why no need of leaving money on table...means leaving some scope of growth of money for investors be it retail, hni or qib.....

otherwise there is question mark on the intention of the Company......

leaving money means reasonable valuation and not high or super high valuation....

not leaving money is also the reason for the failure of the Companies
748.4. Romy HNI |   Link |  Bookmark |February 13, 2023 10:58:26 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
An ethically correct LM/MB would never come with an expensive issue to loot the investors. It's not about the listing price. It's also about helping companies with fair valuations and forcing them to come up with decent valuations and not loot investors. Suggesting fair issue price is the prime responsibility of the LM/MB.
747. Prahraju |   Link |  Bookmark |February 10, 2023 9:02:16 PM
But, I think moody has not reduced the rating of ael
747.1. arunARUN |   Link |  Bookmark |February 11, 2023 10:47:36 AM
IPO Guru IPO Guru (1900+ Posts, 1600+ Likes)
True. But putting outlook on negative is bad indication
746. abc xyz |   Link |  Bookmark |February 10, 2023 7:52:04 PM
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
Moody's changes outlook on four Adani Group firms to 'negative'
These rating actions, Moody's said, follow the significant and rapid decline in the market equity values of the Adani Group companies following the recent release of a report from a short-seller highlighting governance concerns in the Group.
745. crsl |   Link |  Bookmark |February 10, 2023 3:36:55 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)

Moody's cuts rating outlook on 4 Adani companies

744. abc xyz |   Link |  Bookmark |February 10, 2023 10:37:36 AM
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
Feb 10 (Reuters) - Index provider MSCI said it will cut the weightings of four Adani Group companies, including flagship firm Adani Enterprises (ADEL.NS), in its indexes after reassessing the number of shares that are freely traded.

The move comes in the wake of a Jan. 24 report by U.S. short seller Hindenburg Research that has accused the Indian conglomerate of stock manipulation and improper use of offshore tax havens that obscure the extent of stock ownership of Adani family members in group firms. The group has denied any wrongdoing.
743. abc xyz |   Link |  Bookmark |February 9, 2023 8:23:04 PM
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
Any news of MSCI on Adani group?
743.1. amit K singh |   Link |  Bookmark |February 10, 2023 7:27:49 AM
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
All Adani group companies stay in msci as of now , but there is weight reduction in AEL, adani total gas, adani transmission, acc.. other companies saw weight reduction are hcl technologies, Jindal steel, shriram finance

some of the companies saw increase in weight are tcs, Infosys, icici bank, hdfc, reliance industries...

Bob, Cg power are added to the list , while biocon is removed.
742. Nothing New |   Link |  Bookmark |February 9, 2023 5:49:59 PM
Top Contributor Top Contributor (600+ Posts, 100+ Likes)
https://www.moneycontrol.com/news/business/banks/credit-suisse-posts-1-4b-pre-tax-loss-as-woes-go-on-in-4q-10041391.html

^^^ Credit Suisse posts $1.4 billion pre-tax loss as woes go on in 4Q. Such an astute entity backed by super genius analysts and economists, short sellers posting such a massive loss? Who can dare downgrade 'em now? Who?
741. abc xyz |   Link |  Bookmark |February 7, 2023 7:15:57 PM
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
India's oldest stock exchange, on Tuesday said its board has approved divestment of 2.5% stake in Central Depository Services (India) Ltd through Offer for Sale (OFS) route.
740. PKRAJ |   Link |  Bookmark |February 7, 2023 9:12:27 AM
Some of the Group shares in demand now.
Adani Wilmer on upper circuit.
AEL also posite.
Adani Port yesterday and today great going.
Good for the investors.
740.1. Imhilli |   Link |  Bookmark |February 7, 2023 5:41:06 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Is it opportunity to add or exit?
739. Amit Kumar Yadav |   Link |  Bookmark |February 7, 2023 5:22:10 PM
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)
Added some Adani Wilmar shares at 382 price and Power at 177. Adani shares will soon reach new heights. Doesn't matter if BJP or Congress comes in Power in 2024 election. Both parties have same economic policies. And currently Adani have several projects running in Congress ruled states too.
738. Learner SK |   Link |  Bookmark |February 7, 2023 1:59:35 PM
Top Contributor Top Contributor (1000+ Posts, 200+ Likes)
@Admin - You can remove the color from Adani IPO name in home page as it is cancelled show and never be listed.
738.1. arunARUN |   Link |  Bookmark |February 11, 2023 10:56:43 AM
IPO Guru IPO Guru (1900+ Posts, 1600+ Likes)
It is withdrawn and Yes can still be listed using same DRHP by taking fresh sanctions
737. ShreeRam IPO |   Link |  Bookmark |February 6, 2023 6:43:54 PM
@Admin

If Possible pls Open New Page Alway top of the table for Upcoming IPO, all discucation about new IPO will Post there.

One Comman Page for All upcoming IPO. and alway top of table. Dry Period like no IPO then members will post msg and Active there for some relevant information's.
736. Romy HNI |   Link |  Bookmark |February 6, 2023 11:32:25 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
@Admin
Since the FPO is withdrawn, we must stop discussing this any more......

But since no new IPO in main line is there....Can't help it
736.2. PKRAJ |   Link |  Bookmark |February 6, 2023 3:18:52 PM
@Romy HNI
It's difficult to understand your views on discussion on this FPO.
In the last line you are totally different. If we "can't help it", what is the purpose of this type of message to @Admin.
736.3. abc xyz |   Link |  Bookmark |February 6, 2023 5:12:37 PM
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
Romy
Those who don't like the message on this issue may take back seat and take rest but can't be forced to stop expressing their views within the limit.