Complete review and details about Adani Enterprises FPO 2023
Adani group has initiated the Adani enterprises FPO for subscription, lets focus on details, step by step.
What is Adani Enterprises?
Adani Enterprises Limited (AEL)
It is one of India’s largest businesses, and it is focusing on building stellar infrastructure assets that benefit the nation.
Its successes include building unicorns like Adani Transmission, Adani Power, Adani Ports & SEZ, Adani Green Energy, and Adani Total Gas.
The company has contributed significantly to making India self-reliant by investing in fields like airport management, roads, data centers, and water infrastructure.
What is a FPO?
A process by which a company issues new shares to its investors or the existing shareholders, usually the promoters, is called Follow on Public Offering (FPO). FPOs are often used by companies wishing to broaden their equity base.
After a company completes an IPO and makes more shares available to the public or to raise capital to expand or pay off debts, it uses FPO.
Adani Enterprises FPO details:
| Name | Price band | Open date | Close date | Issue size | Lot size |
| Adani Enterprises | 3112-3276 | 27 January 2023 | 31 January 2023 | 20,000 crores | 4 shares |
A retailer can go for maximum 15 lots only
The Timeline for issue:
| Type | Date |
| Bid Start | 27 Jan 2023 |
| Bid End | 31 Jan 2023 |
| Allotment | 03 Feb 2023 |
| Refund initiate | 06 Feb 2023 |
| Demat allocating | 07 Feb 2023 |
| Listing | 08 Feb 2023 |
GMP (Grey market premium) of the FPO:
The Adani Enterprises GMP today is said to be zero, even though the Adani Enterprises share pricetoday is currently ₹2,768.50 apiece on the NSE – more than 15% lower from the upper price band of ₹3,276 per equity share.
Positives and Negatives of the company:
(Based on assumptions and research, details may not be 100% accurate)
Positives
A proven track record and expertise in project management and execution Since its inception in 1993, the company has developed a distinct specialization in project execution and successfully completed all of the projects it has taken on to date. It has also incubated several companies in a variety of verticals in the infrastructure sector. Source: Business RHP)
Negatives
Operations could be negatively affected if the green hydrogen strategy is not implemented.
The company is currently setting up a green hydrogen ecosystem with the goal of incubating, building, and developing an integrated ecosystem from beginning to end. The reputation of the green hydrogen ecosystem, as well as its marketability and lifespan, could be jeopardized if the ecosystem is not deployed on time and within budget (Source: Business RHP)
Overall FPO strength Review
Neutral
This review is totally based on reviews in markets by brokers, audience, forums related to stock market and our research.
Disclaimer:
No part of this financial information should be interpreted as an offer to buy/sell or Recommend/Avoid securities or as advice to do so in any way. The information provided here is solely for educational and informational purposes and should never be used to make investment decisions. Before making any actual investment decisions based on the information presented here, readers are advised to seek the advice of a qualified financial advisor. Any reader who relies on the information presented here to make decisions does so entirely at their own risk. Any investment in the stock market entails taking into account the possibility of unanticipated risks associated with the market. The preceding data is derived from market perception and RHP, as well as other documents that are currently available. The author does not intend to make an investment in this offer.
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