Adani Enterprises FPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP

In this Adani Enterprises FPO Review, we will be exploring all the details related to this FPO starting from its RHP information to the latest news on it.

The financial market is bussing with the news that the market is about to witness one of the largest FPO which will be open to subscription for new investors on January 27, 2023, and will be open till January 31, 2023.

This FPO is issued by non-other than one of the country’s leading companies, Adani Enterprises FPO.

Adani Enterprises IPO Overview

The flagship Adani Enterprises has filed a red herring prospectus with the market’s regulator SEBI for the Rs. 20,000 crore follow-on public offer (FPO).

It is termed to be one of the largest FPO for Indian markets in recent times. This is the newest offering for investors from the Adani stable.

Market sources claim that the Adani Enterprises FPO will give small-scale investors the chance to profit from the recent increase in the value of Adani equities.

Let’s examine all the information before determining whether or not this would be a good opportunity for many retail investors looking forward to this new issue.

Adani Enterprises IPO Important Dates

Here, we present the Adani Enterprises FPO Dates, one of the most significant sections of the RHD.

Beginning on January 27 and running through January 31, 2023, the subscription will be available. The allotment of shares will take place on February 3, 2023, following the end of the subscription period. The final list will be released on February 8, 2023.

The likelihood of the shares being oversubscribed is considerable, and if that happens, the excess will be refunded starting on February 6, 2023. Also, as an added information, the listing will take place on both the stock exchanges, BSE and NSE.

Adani Enterprises IPO Price, Size, Share Offerings

The Adani Enterprises FPO size is aggregating to a worth of Rs. 20,0000 Cr.  The new issue will have a face value of Re.1. The Adani Enterprises FPO price range is set to be between Rs. 3,112 and Rs. 3,276 per share.

However, the corporation has provided retail individual investors with a markdown of Rs. 64 per share. The FPO has a lot size of 4 shares.

From 10:00 am on January 27, 2023, to 5:00 pm on January 31, 2023, interested parties may submit bids for the shares.

Adani Enterprises IPO Grey Market Premium

Before the official bidding day, investors can exchange shares on the grey market. And if anyone wants to engage in this trade, they will have to pay a premium for the stock, which is known as the grey market premium.

If the Adani Enterprises FPO GMP is high, this is a good indication that there is demand for the company among investors.

The GMP at which the FPO is now traded is Rs. 100. This indicates that the price range at which the investors are trading is between Rs. 3,212 and Rs. 3,376 per share.

Adani Enterprises IPO Subscription Status

Adani Enterprises FPO Subscription is now available as it has gone live. We’ll post the updated information here as soon as it becomes available.

In cases where shares have been oversubscribed, the corporation has two options: refund the oversubscribed shares or prorate the issue size.

The lead managers of the organization are:

• ICICI Securities Limited
• Jefferies India Private Limited
• SBI Capital Markets Limited
• Axis Capital
• BOB Capital Markets
• ICICI Securities,
• Jefferies India,
• SBI Capital Markets,
• IDBI Capital Markets JM Financial,
• IIFL Securities,
• Monarch Networth, and
• Elara Capital

Adani Enterprises IPO Allotment Status

The company has allotted 50% of the shares to Qualified Institutional Buyers, 15% to high-net-worth individuals, and the remaining 35% to retail investors.

On the official website of the registrar or by visiting this link, you may find the Adani Enterprises FPO Allotment status.

Adani Enterprises IPO Live Performance

When the IPO launches on January 27, 2023, this link will be updated to include all pertinent data about Adani Enterprises FPO Performance.

The information will indicate how the stock is performing on the trading market and what the Adani Enterprises FPO Price says about how the market feels about the newly issued securities.

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Latest Adani Enterprises IPO News

Most of the details about the FPO have been publicized by the company, thus the investors can easily evaluate the details and decide on the investment decision.

Keep a track of all the Adani Enterprises FPO News to stay updated on all the relevant news.

Adani Enterprises – Company Review

Adani Enterprises, which was founded in 1993, is one of the largest publicly traded business incubators in India in terms of market capitalization.

Its philosophy is to incubate companies in four key industry sectors: energy and utility, transportation and logistics, consumer goods, and primary industry.

The business has a lengthy history of completing numerous large-scale projects, and it has become a leader in several industries.

Products or Services

The firms’ efforts are strongly motivated by the goal of making India an independent nation. The portfolio of Adani Group includes businesses as-

• Agro
• Airports
• Data Center
• Defence & Aerospace
• Edible Oil & Foods
• Mining Services
• Integrated Resource Management
• Roads, Metro & Rail
• Water
• Solar Manufacturing

The business places a strong emphasis on providing the highest-quality goods and services, but it also makes sure to support a sustainable environment and give back to the community.

As of December 31, 2022, the market value of the Adani Group was Rs. 18,402 billion (about 222 billion US dollars).

Promoters and Holding

The promoters of the company are:

• Gautam S. Adani (Executive Chairman)
• Rajesh S. Adani (Managing Director and CEO)

Is Adani Enterprises good for Investment?

AEL has expanded its footprint across important industries over the past three decades, becoming a global leader. The company is now prepared to support ventures that tackle pressing national concerns.

Even with the funds generated from this Adani Enterprises FPO, the company will continue to branch out and grow exponentially.

Being handled by one of the most capable core management, the company has been able to successfully reach the financial health they are at today.

Adani Enterprises Financial Statements

Adani Enterprises IPO Review

The company plans to pay off existing debt and fund needed capital expenditures with net profits.

AEL indicated in its Adani Enterprises FPO objectives that it will use about Rs. 10,869 crores to cover the capital expenditure needs of several of its subsidiaries.

These include the development of greenfield motorways, improvements on specific existing airport facilities, and a few initiatives related to the green hydrogen ecosystem.

The firm would also use Rs. 4,165 crores for partial repayment of certain borrowings held by our company and three of our subsidiaries, Adani Airport Holdings Ltd, Adani Road Transport Ltd, and Mundra Solar Ltd, and the remaining fund for other general corporate purposes.

Further, in the Adani Enterprises FPO Review, more on the analysis is revealed.

Adani Enterprises IPO Details

Here are a few more details you need to know before investing in Adani Enterprises IPO –

Adani Enterprises IPO Issue Object

The Adani Enterprises has proposed diverse objectives for making the IPO offer and some of the objectives are:

• Funding capital expenditure requirements of some of their Subsidiaries in relation to (a) certain projects of the green hydrogen ecosystem; (b) improvement works of certain existing airport facilities; and (c) construction of a greenfield expressway;
• Repayment, in full or part, of certain borrowings of their Company and three of their Subsidiaries, namely, Adani Airport Holding Limited, Adani Road Transport Limited, and Mundra Solar Limited; and
• General corporate purposes

Adani Enterprises IPO – Basis of Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

• They are a business incubator with a demonstrated track record of incubating sustainable infrastructure businesses in India with a focus on enhancing stakeholder value.
• Demonstrated track record and expertise in project execution and management.
• Tapping on the growing green hydrogen potential in India to build a fully-integrated green hydrogen ecosystem in India.
• Airport assets of national importance are strategically located and are supported by a stable regulatory framework and concession terms.
• Robust environmental, social and governance (“ESG”) focus on enhancing value in a responsible way.
• One of the leading global players in integrated resource management.
• Experienced promoters and strong leadership.
• Scalable financial structure and demonstrated financial performance

Quantitative factors are:

Adani Enterprises IPO Lead Managers

Here is the list of Lead managers –

• ICICI Securities Limited
• Jefferies India Private Limited
• SBI Capital Markets Limited
• Axis Capital
• BOB Capital Markets
• ICICI Securities,
• Jefferies India,
• SBI Capital Markets,
• IDBI Capital Markets JM Financial,
• IIFL Securities,
• Monarch Networth, and
• Elara Capital

Adani Enterprises IPO Registrar to offer

Check out the details of the registrar here –

Link Intime India Private Limited
C 101, 247 Park, L.B.S Marg
Vikhroli (West), Mumbai 400 083
Maharashtra, India
Tel: +91 81081 14949
E-mail: ael.fpo@linkintime.co.in
Website: www.linkintime.co.in
Investor Grievance ID: ael.fpo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration Number: INR000004058

Adani Enterprises IPO – Other Details

• Statutory Auditor – M/s. Shah Dhandharia & Co LLP, Chartered Accountants
• Legal Counsel to the Company – NA
• Bankers to the Company – State Bank of India, Axis Bank Limited, Central Bank of India, Union Bank of India, IDBI Bank Limited, Bank of India and YES Bank Limited

Adani Enterprises IPO Verdict by Stock Brokers

The Adani Enterprises FPO is expected to earn a return of 3% and looking at the past performance of the company in the stock market and its financial statements, it can be said that the company will be able to provide this interest and more.

Moreover, becoming a part of such a company will allow you to take monetary participation in economical growth.

Adani Enterprises IPO – Conclusion

The shares of Adani Enterprises nearly doubled from Rs. 1,828 in January 2022 to Rs. 3,584.9 on January 18, 2023, outperforming the benchmark indices in the prior year.

On the other hand, the Nifty50 index had significant fluctuation throughout the year but remained unchanged after a year, rising from 17,617 levels in January 2022 to 18,165 on January 18, 2023.

The company’s shares have increased by 95% to Rs. 3,596.7 over the past year. The stock is valued at more than 141 times its projected annual earnings.

These figures show unequivocally that the business is returning to market dominance with this new FPO. We will continue to update more details in this Adani Enterprises FPO Review.

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Adani Enterprises IPO Review FAQs

Check out the FAQs on Adani Enterprises IPO –

What is the Issue Size of Adani Enterprises IPO?

The Company is making an initial public offer of 64,738,475 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.

What is the Price band of Adani Enterprises IPO?

The price band for this particular IPO ranges between Rs.3112 to Rs. 3276. As far as the face value of the share is of concern, it is Rs.1 per share.

What is the Adani Enterprises IPO Open Date?

The opening and closing dates for this IPO have been updated. The IPO is set to open on Jan 27, 2023, while the closing date is set at Jan 31, 2023.

What is the Adani Enterprises IPO Allotment Date?

They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Feb 3, 2023, refund initiation is on Feb 6, 2023, credit of shares is on Feb 7, 2023, and share listing date is on Feb 8, 2023.

What is the Adani Enterprises IPO Listing Date?

Shares of this company shall be listed in the exchanges Feb 8, 2023. The date, when the listing would be done, is stagnant on Feb 8, 2023.

Who is the Registrar of Adani Enterprises IPO?

One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Ltd. Their website will help you regarding the further information you are on the lookout for.

Who is the Promoter of Adani Enterprises IPO?

Here are the promoters of this IPO – GAUTAM S. ADANI AND RAJESH S. ADANI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

What is the GMP of Adani Enterprises IPO?

They have obtained the GMP of this IPO and it is Rs. 100. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.

Is Adani Enterprises IPO good for Investment?

They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

What is the PAT of Adani Enterprises Company?

They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Crores is 460.14. PAT from Sep 2022 is 901.04.

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