Adani Enterprises IPO opens: Partly paid FPO

Partly paid FPO: Adani Enterprises launched a follow-on public offering (FPO) on 27th January 2023 and it will remain open for subscribers till 31st January 2023.

An FPO is a type of public offering in which a company already listed offers additional shares to the public, usually to raise additional capital. The company is offering partly paid shares to retail investors through its Rs 20,000 crore FPO. This means that investors have to pay only half of the offer price when placing bids in the FPO and the remaining half when the announcement is made by the company.

Adani Enterprises FPO issue size is a fresh issue of up to 6,47,38,475 equity shares of Re.1 ( for 1 unit), a total of up to Rs 20,000 crore.

Adani Enterprises FPO price has been fixed at Rs 3,112 to Rs 3,276 per equity share whereas Adani Enterprises’ share price today is Rs 2,761.45 apiece on NSE. The partly paid price range is Rs 1,492- Rs1,574 (part payment of 50 percent + Rs 64 discount).

Application details

Eligible investors can apply as regular & employees for ( partly paid FPO) Adani Enterprises IPO.

Apply as regular

1. Full issue price range: Rs 3,112 – Rs 3,276
2. Partly paid prices range: Rs 1,492 – Rs 1,574 ( part payment of 50 percent + Rs 64 discount)
3. Bid upto Rs 1,00,000

Apply as employee

1. Full issue price range: Rs 3,112 – Rs 3,276 ( part payment of 50 percent)
2. Partly paid prices range: Rs 1,556 – Rs 1,638
3. You are also eligible to apply as a regular investor

Adani Enterprises is part of Adani Group, which is among India’s top business houses with an integrated energy and infrastructure platform and a long track record of successfully executing large-scale projects. It is primarily engaged in the mining and trading of coal and iron ore on a standalone basis and acts as an incubator for Adani Group’s new business ventures. It has three main subsidiaries: Adani Wilmar (food processing), Adani Airport Holdings (airport operations), and Adani Road Transport (road development).

Also read: The world’s third richest person ‘Gautam Adani’ slipped to seven