Adani Enterprises FPO: Check FPO Details, Date, Price | Espresso


Adani Enterprises Limited FPO to open on Jan 27. Check FPO Details, Issue Date, Price

January 25, 2023
Adani Enterprises Limited FPO to open on Jan 27. Check FPO Details, Issue Date, Price

Adani Enterprises Limited is coming out with a follow-on public issue to raise Rs.20000 crores from the market.

Below are the details of the Adani Enterprises Limited FPO:

  • Issue opens – Jan 27 (Friday)
  • Issue closes – Jan 31 (Tuesday)
  • Issue size – Rs. 20000 crores
  • Price band – Rs. 3112 to 3276 per equity share
  • Bid lot – 4 shares and in multiples thereof
  • Discount for Retail - Rs. 64 per share 

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And here are some details of the company and further details on the Adani Enterprises Limited

Company details:

·        Incorporated on March 2, 1993, Adani Enterprises Ltd (“AEL”) the member of Adani Group, is among India’s top business houses. They are one of India’s largest listed business incubators in terms of market capitalisation and are driven by the philosophy of incubating businesses in 4 core sectors - Energy and Utility, Transportation and Logistics, Consumer, and Primary Industry.

·        Energy and Utility: AEL is setting up a Green Hydrogen Ecosystem. They develop data centres with an aim to retain and drive India’s internet-derived data in India and are developing infrastructure projects that enhance water treatment and use efficiency.

·        Transport and Logistics: They currently develop, operate and manage 7 operational airports across the cities of Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram, and 1 greenfield airport in Navi Mumbai.

·        ConsuConsumer: AEL manufactures, market and brand food FMCG products.

·        Primary industry: AEL offers mining services which involves contract mining, development, production related services, and other mining services to mining customers. They offer integrated resource management services of coal. They have also recently acquired commercial mines to conduct commercial mining activities.

·        Under industrials, they intend to manufacture petrochemicals, copper and similar metals, and manufacture strategic military and defence products that enhance India’s self-reliance.

·        AEL has emerged as an incubator by investing, maturing and eventually demerging various diversified businesses. Since inception, they have incubated 6 decacorn businesses and successfully listed them, including by way of demergers, as Adani Ports and Special Economic Zone Ltd, Adani Power Ltd, Adani Transmission Ltd, Adani Green Energy Ltd, Adani Total Gas Ltd and Adani Wilmar Ltd. As of December 31, 2022, the Adani group had a market capitalisation of ?18,402 billion.

Issue Size:

20000 crores

Issue break-up:

  • QIB – 50% of the net offer – Rs. 9974.90 crores
  • NIB – 15% of the net offer – Rs. 2992.60 crores
  • RET – 35% of the net offer – Rs. 6982.50 crores




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All Retail & NII bidders' (bids up to Rs 5,00,000) applications through brokers are compulsorily in UPI Mode.


· Application made using third party UPI or ASBA Bank A/c are liable to be rejected.      

· The UPI Mandate acceptance time for Retail and NII Bidders (bids up to ? 5,00,000) shall expire at 5:00 PM on the closing day of  the FPO i.e. January 31, 2022. 

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