Adani Enterprises FPO Price, Dates & Allotment Details 2023
Adani Enterprises FPO will open on January 27 and close on January 31, 2023. As per the RHP filed with SEBI, the company intends to raise approximately ₹ 20,000 crore through this FPO.
Adani Enterprises Limited, incorporated in 1988, 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 a number of business ventures. Group has includes Adani Power, Adani Ports & SEZ, Adani Transmission, Adani Green Energy, and Adani Total Gas.
The company has emerged as a leader in various sectors, with a long track record of successful execution of various large-scale projects. The business of Adani Group includes Edible Oil & Foods, Mining Services, Agro, Solar Manufacturing, Defence & Aerospace, Airports, Roads, Metro & Rail and Ports.
Objects of the Issue
The company proposes to utilize the net proceeds of the Fresh Issue towards funding the following objects:
- Funding capital expenditure requirements of some of the subsidiaries in relation to certain projects of the green hydrogen ecosystem, improvement works of certain existing airport facilities & construction of a greenfield expressway;
- Repayment, in full or in 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
- General corporate purposes.
Financial Highlights (Consolidated)
| Particulars | Period ended on 30th September 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 3617.64 | 2692.84 | 1891 | 1820.99 |
| Total Assets | 12309.13 | 101760.19 | 51642.86 | 4689.84 |
| Total Revenue | 7950.79 | 70432.69 | 40290.93 | 4408.62 |
| Profit After Tax | 90.1 | 787.7 | 1045.76 | 104 |
| Total Borrowing | 4002.35 | 41023.77 | 16051.42 | 1260.49 |
Adani Enterprises FPO – Details
| Issue Type | Book Built Issue FPO |
| FPO Price | ₹ 3112 to ₹ 3276 per share |
| Face Value | ₹ 1 per share |
| Market Lot | 4 shares |
| Issue Size | 64,738,475 shares of ₹ 1 (Aggregating up to ₹ 20,000 Crore) |
| Fresh Issue | 64,738,475 shares of ₹ 1 (Aggregating up to ₹ 20,000 Crore) |
| Retail Discount | ₹ 64 per share |
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
| Listing At | BSE, NSE |
| Promoters | 1. Gautam S. Adani 2. Rajesh S. Adani |
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Tentative Dates – Adani Enterprises FPO
Adani Enterprises FPO opens on January 27 and closes on January 31, 2023.
| Opening Date | January 27, 2023 |
| Closing Date | January 31, 2023 |
| Basis of Allotment | February 3, 2023 |
| Initiation of Refunds | February 6, 2023 |
| Credit of shares to Demat A/c | February 7, 2023 |
| Listing Date | February 8, 2023 |
Lot Size – Adani Enterprises FPO
The Adani Enterprises FPO lot size is 4 shares. A retail-individual investor can apply for up to 15 lots, i.e., 60 shares of ₹ 196,560.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 4 | ₹ 13,104 |
| Retail (Maximum) | 15 | 60 | ₹ 196,560 |
| S-HNI (Minimum) | 16 | 64 | ₹ 209,664 |
| B-HNI (Minimum) | 77 | 308 | ₹ 1,009,008 |
Promoters Holdings – Adani Enterprises FPO
| Pre-issue Shares Holdings | 72.63% |
| Post-issue Shares Holdings | – |
Miscellaneous Information
| Download Prospectus (PDF) | – |
| Company Contact Information | Adani Enterprises Limited Shantigram, Near Vaishnodevi Circle, S G Highway, Ahmedabad-382421 Phone: +91-79-26565555 Website: https://www.adanienterprises.com/ |
| IPO Registrar | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: ael.fpo@linkintime.co.in Website: https://linkintime.co.in/ |
| IPO Lead Manager(s) | 1. ICICI Securities Limited 2. Jefferies India Private Limited 3. SBI Capital Markets Limited 4. Axis Capital Limited 5. BOB Capital Markets Limited 6. IDBI Capital Market Services Limited 7. JM Financial Limited 8. IIFL Securities Ltd 9. Monarch Networth Capital Ltd 10. Elara Capital (India) Private |
FAQ’s
What is the Adani Enterprises FPO price?
The Adani Enterprises FPO price is ₹ 3112 to ₹ 3276 per share.
What will be the Adani Enterprises FPO lot size?
One lot of Adani Enterprises FPO contains 4 shares of ₹ 13,104.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Adani Enterprises FPO allotment be available?
The finalization of the basis of allotment for the Adani Enterprises FPO will be done on February 3, 2023, and the allotted shares will be credited to your demat account by February 7, 2023. Check the Adani Enterprises FPO allotment status.
When will Adani Enterprises FPO list on exchanges?
The Adani Enterprises FPO shares listing date is February 8, 2023.
How many shares in Adani Enterprises FPO Offer are reserved for HNIs and retail investors?
The investors’ portion for NII (HNI) is 15%, retail is 35%, and QIB is 50% of the net offer.
