About Adani Enterprises FPO
Adani Enterprises Limited (AEL) is the flagship company of the Adani Group. It is one of the largest listed business incubators that help other businesses and startups to develop their business. Since its inception, it has incubated six decacorn businesses and successfully listed them viz. Adani Power, Adani Green Energy, Adani Transmission, Adani Ports and SEZ, Adani Wilmar, and Adani Total Gas.
These companies primarily operate in four core sectors - energy and utility, transportation, consumer products and primary industry such as mining. It aims to invest during the growth stage, help businesses grow and eventually demerge its various diversified subsidiaries.
Adani Enterprises is planning to launch a follow-on public offering (FPO). 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 plans to raise ₹20,000 crore through FPO.
The main objective of FPO is to fund the capex requirement of some of its subsidiaries and fund projects related to the green hydrogen ecosystem, construction of greenfield expressway, and improvement works of certain existing airport facilities. The investment in these areas is expected to be ₹10,869 crore.
Also, part of the raised fund i.e. ₹4,165 crore, will be used towards repayment of existing borrowings of three of its subsidiaries. Finally, the balance amount would be used for general corporate purposes.
Here are some key details about the Adani Enterprises FPO:
Payment schedule for Adani Enterprises FPO:
A quick look at the Adani Enterprises FPO’s strengths, risks and threats
Strengths and opportunities
Risks and threats
Adani Enterprises FPO details
| Adani Enterprises FPO date
The company has filed its Red Herring Prospectus with the market regulator SEBI. The Adani Enterprises FPO opening date – in other words, the Adani Enterprises FPO launch date – will be 27 January 2023. The Adani Enterprises FPO closing date is 31 January 2023. After this, investors will be updated about the allotment status on 3 February 2023.
Investors, who receive allotment, can expect shares to be credited in their demat account on 7 February 2023. Besides this, the Adani Enterprises FPO listing date is 8 February 2023. The listing date is the date on which the shares of a company get listed on the stock exchanges – NSE and BSE.
| Adani Enterprises FPO Price Band
The Adani Enterprises FPO is a follow-on public offering. Adani Enterprises FPO price band has been set between ₹3,112 – ₹3,276 per share. The price band is a price range within which investors can apply for the FPO. Good News for retail investors!! The company is offering a discount of ₹64 per equity share under the retail category. When the Adani Enterprises FPO opens, interested investors will have to choose a price within the band to apply for the public issue.
| Adani Enterprises FPO Lot size
The Adani Enterprises FPO lot size is 4 shares, and an investor can apply for a minimum of 1 lot.
How to apply for the Adani Enterprises FPO?
You can apply for the Adani Enterprises FPO on Upstox.
Follow these steps to apply for the FPO:
How to check the Adani Enterprises FPO allotment status?
When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an FPO closes.
Here’s a step-by-step guide on how to check the Adani Enterprises FPO allotment status:
Open a demat account with Upstox to apply for the Adani Enterprises FPO
To apply for the Adani Enterprises FPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
Upstox – trading app to apply for the Adani Enterprises FPO
Applying for FPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the Adani Enterprises FPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an FPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes FPO applications easy.
You can apply on Upstox’s website and app, once the Adani Enterprises FPO opens for subscription.
The Adani Enterprises FPO launch date is 27 January 2023. The IPO will be open for subscription till 31 January 2023.
The Adani Enterprises FPO lot size is 4 shares and the minimum investment required is ₹5,968.
The Adani Enterprises FPO price band is ₹3,112 – ₹3,276 per share.
The size of the Adani Enterprises FPO is ₹ 20,000 crore.
You can place up to three bids for an application.
No, the bids have to be placed at one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
If shares are allotted, then they will be credited to your demat account on 7 February 2023.
Adani Enterprises FPO shares will on NSE and BSE
Adani Enterprises FPO shares’ listing date is 8 February 2023.
The amount blocking will be done at 50% of the full price of the FPO equity share. For example: ₹1,574/- per FPO equity share net off retail discount of ₹64 for retail individual bidders and ₹1,638 per share (in case of other than Retail Individual Bidders) x number of FPO Equity Shares applied.