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23 January 2023

Adani Enterprises FPO Date, Allotment, and all Details

Adani Enterprises Limited

Adani Enterprises Limited, a 1988 incorporation, is a part of the Adani Group. They are among the leading business organisations in India and have an integrated energy and infrastructure platform there. The Group is a multinational Indian corporation that operates several businesses.

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

The Group has built unicorns over the decades of its activities, including Adani Power, Adani Ports & SEZ, Adani Transmission, Adani Green Energy, and Adani Total Gas. The firm's efforts are strongly motivated by the goal of making India an independent nation.

The businesses of Adani Group include-

1. Mining Services

2. Edible Oil & Foods

3. Water

4. Data Center

5. Integrated Resource Management

6. Agro

7. Solar Manufacturing

8. Defence & Aerospace

9. Airports

10. Roads, Metro & Rail

In addition to emphasising its efforts to provide the highest quality goods and services, the company also makes sure to contribute to a sustainable environment and give back to society. As of December 31, 2022, the Adani Group's market value was Rs 18,402 billion (or roughly 222 billion US dollars).

The following objects will be funded with the help of the net proceeds, according to the company:

The Adani Enterprises FPO opens on January 27, 2023, until January 31, 2023. Dates for the Adani Enterprises FPO bid are January 27, 2023 at 10:00 AM and January 31, 2023 at 5:00 PM. On the day of the issue's conclusion, 5 PM is the cut-off time for UPI Mandate confirmation

Adani Enterprises FPO Tentative Timetable

Event	Tentative Date
Opening Date	Jan 27, 2023
Closing Date	Jan 31, 2023
Basis of Allotment	Feb 03, 2023
Initiation of Refunds	Feb 06, 2023
Credit of Shares to Demate	Feb 07, 2023
Listing Date	Feb 08, 2023

Adani Enterprises FPO Details

Listing Date	Jan 27, 2023 to Jan 31, 2023
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 Issues	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.