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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.
| 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 Size | 64,738,475 shares (aggregating up to ₹20,000.00 Cr) |
| Fresh Issue | 64,738,475 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 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 Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 12,821,336 (28.17%) | NA |
| NII (HNI) Shares Offered | 9,616,323 (21.13%) | |
| bNII > ₹10L | 6,410,668 (14.09%) | 100,166 |
| sNII < ₹10L | 3,205,655 (7.04%) | 50,088 |
| Retail Shares Offered | 22,908,464 (50.34%) | 5,727,116 |
| Employee Shares Offered | 160,668 (0.35%) | NA |
| Total Shares Offered | 45,506,791 (100%) |
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 |
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 | |||
Gautam S. Adani and Rajesh S. Adani are the promoters of the company.
| Share Holding Pre Issue | 72.63% |
| Share Holding Post Issue |
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:
[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...
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)
| 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 |
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 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/initial_offer/public-issues.html
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 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
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.
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