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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-
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.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 46898.36 | 44086.21 | 1039.99 | 18209.94 | 12604.91 |
| 31-Mar-21 | 51642.86 | 40290.93 | 1045.76 | 18910.01 | 16051.42 |
| 30-Sep-21 | 82324.68 | 26327.73 | 460.14 | 23176.28 | 32189.62 |
| 31-Mar-22 | 101760.19 | 70432.69 | 787.7 | 26928.37 | 41023.77 |
| 30-Sep-22 | 123091.28 | 79507.89 | 901.04 | 36176.4 | 40023.5 |
| Amount in ₹ Crore | |||||
The Company proposes to utilize the Net Proceeds towards funding of the following objects:
| 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 Size | 64,738,475 shares of ₹1 (aggregating up to ₹20,000.00 Cr) |
| Fresh Issue | 64,738,475 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 Offered | 50% of the net offer |
| NII (HNI) Shares Offered | 15% of the Net Offer |
| Retail Shares Offered | 35% of the Net Offer |
| Company Promoters | Gautam S. Adani and Rajesh S. Adani are the promoters of the company. |
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 |
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 |
| Pre Issue Share Holding | 72.63% |
| Post Issue Share Holding |
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.
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...
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)
| Category | Subscription (times) |
|---|---|
| QIB | 1.26 |
| NII | 3.32 |
| bNII (bids above ₹10L) | 4.97 |
| sNII (bids below ₹10L) | 0.02 |
| Retail | 0.12 |
| Employee | 0.55 |
| Total | 1.12 |
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ael.fpo@linkintime.co.in
Website: https://linkintime.co.in/
Lead Manager Reports
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
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.
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