Adani Enterprise FPO : Key Details

Adani Enterprise FPO : Key Details

Adani Enterprise FPO is set to launch on 27 Jan., 2022. The company belongs to one of the top business houses in India. The Group’s business is spread across various sectors such as :- 

  • Edible Oil and Foods
  • Data Center
  • Water
  • Mining Services
  • Agro
  • Integrated Resource Management
  • Defence and Aerospace
  • Solar Manufacturing
  • Roads, Metro and Rail
  • Airports

Adani Enterprise FPO DETAILS

Adani Enterprise FPO is set to launch on 27 Jan., 2022. The subscription timeline extends till 31 Jan, 2023. The size for the IPO is 5.11 Crore Rs.. Shares issued through fresh issues are worth 5.11 Crore Rs. No shares are issued through Offer For Sale mode. The lot size is 1600 shares and the price is 71 Rs per share. The FPO is going to get listed at BSE and NSE. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Link Intime India Private Limited. 

Tabular Description of Adani Enterprise FPO 

IPO OPENING DATE 27 Jan., 2022
CLOSING DATE FOR IPO 31 Jan, 2023
ISSUE TYPE Book Built Issue
Face Value per share 1 Re. per share
IPO price band 3112 to 3276 Rs. per share
LOT SIZE 4 shares
MINIMUM ORDER QUANTITY 4 shares
ISSUE SIZE 20000 Crore Rs.
OFFER FOR SALE No shares offered through this mode
FRESH ISSUE 200000 Crore Rs.
LISTING AT NSE, BSE
LISTING DATE 8 Feb, 2023

IMPORTANT DATES

IPO OPENING DATE 27 Jan., 2022
CLOSING DATE FOR IPO 31 Jan, 2023
IPO ALLOTMENT DATE 3 Feb, 2023
REFUNDS 6 Feb, 2023
DEMAT A/C CREDITED ON 7 Feb, 2023
IPO LISTING DATE 8 Feb, 2023

Adani Enterprise FPO begins for subscription from 27 Jan., 2022. The IPO subscription would continue till 31 Jan, 2023. The allotment status for the shareholders who applied would come on 3 Feb, 2023. The refunds for the ones who did not get allotment would be initiated on 6 Feb, 2023. The DEMAT accounts of shareholders would be credited on 7 Feb, 2023. The listing of the company would be accompanied on 8 Feb, 2023.

Lead Managers

The lead managers are :

  • Jefferies India Private Limited
  • ICICI Securities Limited
  • Axis Capital Limited
  • SBI Capital Markets Limited
  • IDBI Capital Market Services Limited
  • BOB Capital Markets Limited
  • IIFL Securities Limited
  • JM Financial Limited
  • Elara Capital India Private 
  • Monarch Networth Capital Limited

The minimum lot size for the company is decided at 4 shares. This holding accounts to  13104 Rs.. The maximum lot size is decided at 60 shares. This amounts to 196560 Rs.. Hence the company’s final holdings would be set as :

  Shares Amount
Minimum 4 shares 13104 Rs.
Maximum 60 shares 196560 Rs.

OBJECTIVES FOR THE IPO

  • For General corporate purposes.
  • The funds can be used for working capital requirements. 
  • The IPO money would be used to fund the Capex required for upcoming projects such as green hydrogen ecosystems, airport facility improvements and Greenfield expressway construction. 
  • The funds will also be used to settle the borrowings of the Group Companies.

COMPANY FINANCIALS

Particularly (in Crore Rs.) 2021-22 2020-21 2019-20
ASSETS 101760 82324 46898
Revenue 70432 40290 44086
PAT 788 1046 1040

Adani Enterprises has a huge asset base developed over the years. The company’s assets were around 47000 Crore Rs in 2020 which almost increased by less than double growth to 82324 Crore Rs. The same for 2022 was 101760 Crore Rs. The revenue of the company has been less than the assets in hand. It is 44086 Crore Rs for 2020, 40290 Crore Rs in 2021 and 70432 Crore Rs in 2022. The revenue of 2021 is lower than that of 2020. The profits of 2020 were at 1040 Crore Rs, 2021 at 1046 Crore Rs and that of 2022 are at 788 Crore which is very less margin in comparison to assets held and also a bare minimum to the revenue generated especially in 2022.

PROS

  • Adani Group is a well known brand name across the world today. The businesses of the group have been spread across various segments including Edible Oil and Foods, Data Center, Water, Mining Services, Agro, Integrated Resource Management,Defence and Aerospace, Solar Manufacturing, Roads, Metro and Rail and Airports.

CONS

  • Many recent rumours about the group’s involvement in share price speculation by the promoters have been in the market. Many investigations were also made but no results came through. This created an impact of a bubble of Adani Group’s valuation in the mind of investors due to the sharp rise in the company’s valuation.

Adani Enterprise FPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

  1. Logging into Zerodha console through its website or KITE platform.
  2. Clicking the IPO link present in the Portfolio section.
  3. Click the Adani Enterprise FPO button and press the BID button.
  4. Entering the details asked for like UPI ID, Quantity and price.
  5. Submit the application form for the IPO.
  6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

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