Adani Enterprises FPO GMP Allotment And Listing Date
Adani Enterprises latest IPO GMP Today is ₹55(+/-), last updated on Jan 22nd 2023 08:00 AM. Given at the price band of 3276, the estimated listing price for the Adani Enterprises FPO is ₹3331 (cap price + today's GMP). The expected gain/loss per share in terms of percentage is 1.68%.In the coming week, there will be an opportunity to buy the shares of Adani Enterprises cheaply.
Adani Enterprises' follow-on public offering will open on January 25. A price band of Rs 3112-3276 has been fixed for it. Retail investors will get a discount of Rs 64. While it is currently trading at Rs 3434.00 with a fall of more than 4 percent on BSE. That is, the lower price of the price band is at a discount of about 9 percent from the current price.
Details about Adani Enterprises FPO
Adani Enterprises' Rs 20,000 crore FPO will open for subscription between January 25-27, according to the company's red herring prospectus. 3112-3276 price band for this FPA. However, retail investors will get a discount of Rs 64. Retail investors can invest in 4 lots. According to information, International Holding Company and other sovereign health funds and financial institutions such as Adani Group's strategic equity partners may purchase heavily under the issue.Lead Managers
ICICI Securities, Jefferies, SBI Capital Markets, Axis Capital, IDBI Capital, JM Financial, IIFL Securities, Monarth Networth Capital and Elara Capital are the lead managers for the issue. What will the company do with the raised funds?
Activity Date
FPO Open Date 27-01-2023
FPO Close Date 31-01-2023
Basis of Allotment
Finalisation Date* 03-02-2023
Refunds Initiation* 06-02-2023
Credit of Shares
to Demat Account* 07-02-2023
FPO Listing Date* 08-02-2023
The Rs 10,869 crore raised under the Rs 20,000 crore issue will be used to fund projects related to the company's subsidiaries' green hydrogen ecosystem, some improvements to existing airport facilities and greenfield expressways. 4,165 crore will be used to repay the debt of the company and its three units Adani Airport Holdings, Adani Road Transport and Mudra Solar. As per figures available till September 2022, Adani Enterprises has a debt of Rs 40,023.50 crore.
(Disclaimer: The investment advice given here represents the personal views of the experts. Neither News 18 Gujarati nor its management is responsible for the same. Be sure to consult your financial advisor before making any investment.)
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