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Adani Enterprises Limited FPO (Adani Enterprises FPO) Detail

Jan 27, 2023 - Jan 31, 2023

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

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 Details

IPO Date Jan 27, 2023 to Jan 31, 2023
Listing Date [.]
Face Value ₹1 per share
Price ₹3112 to ₹3276 per share
Lot Size 4 Shares
Issue Size64,738,475 shares of ₹1
(aggregating up to ₹20,000.00 Cr)
Fresh Issue64,738,475 shares of ₹1
(aggregating up to ₹20,000.00 Cr)
Retail Discount Rs. 64 per share
Issue Type Book Built Issue FPO
Listing At BSE, NSE
QIB Shares Offered50% of the net offer
NII (HNI) Shares Offered15% of the Net Offer
Retail Shares Offered35% of the Net Offer
Company Promoters

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

Adani Enterprises FPO Tentative Timetable

Adani Enterprises FPO opens on Jan 27, 2023, and closes on Jan 31, 2023. The Adani Enterprises FPO bid date is from Jan 27, 2023 10.00 A.M. to Jan 31, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Jan 27, 2023
Closing Date Jan 31, 2023
Basis of Allotment Feb 3, 2023
Initiation of Refunds Feb 6, 2023
Credit of Shares to Demat Feb 7, 2023
Listing Date Feb 8, 2023

Adani Enterprises FPO Lot Size

The Adani Enterprises FPO lot size is 4 shares. A retail-individual investor can apply for up to 15 lots (60 shares or ₹196,560).

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

Adani Enterprises FPO Promoter Holding

Pre Issue Share Holding 72.63%
Post Issue Share Holding

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.

Key linked events

Forbes - Feb 1, 2023

There’s Evidence That The Adani Group Likely Bought Into Its Own $2.5 Billion Share Sale.

Adani Enterprises FPO Review

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 Jan 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

Adani Enterprises FPO Prospectus

Adani Enterprises FPO Rating

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

Company Contact Information

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/

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 Jan 27, 2023, and closes on Jan 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 Jan 27, 2023 and closes on Jan 31, 2023.

Adani Enterprises FPO lot size is 4 Shares and the minimum order quantity is .

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 Feb 3, 2023, and the allotted shares will be credited to your demat account by Feb 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 Feb 8, 2023.
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