Adani Enterprises Limited FPO Detail
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-
- Mining Services
- Edible Oil & Foods
- Water
- Data Center
- Integrated Resource Management
- Agro
- Solar Manufacturing
- Defence & Aerospace
- Airports
- Roads, Metro & Rail
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.
Company Financials
Adani Enterprises Limited Financial Information (Consolidated)
| 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 | |||||
Objects of the Issue
The Company proposes to utilize the Net Proceeds towards funding of the following objects:
- Funding capital expenditure requirements of some of the Subsidiaries in relation to (a) certain projects of the green hydrogen ecosystem; improvement works of certain existing airport facilities; and construction of greenfield expressway;
- Repayment, in full or 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.
Adani Enterprises FPO Details
| 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 | [.] shares of ₹1 (aggregating up to ₹20,000.00 Cr) |
| Fresh Issue | [.] 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 Tentative Timetable
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 |
Adani Enterprises FPO Lot Size
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 |
Adani Enterprises FPO Promoter Holding
| Pre Issue Share Holding | 72.63% |
| Post Issue Share Holding |
Adani Enterprises FPO Lot Size
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.
Adani Enterprises FPO Prospectus
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