27 Jan 2023
31 Jan 2023
08 Feb 2023
₹ 3112 to ₹ 3276/share
Adani Enterprise is one of India’s biggest conglomerates with businesses in multiple segments. Over the decades of its operations, the Group has established unicorns like Adani Power, Adani Ports & SEZ, Adani Transmission, Adani Green Energy, and Adani Total Gas.
The Company proposes to utilize the Net Proceeds towards funding of the following objects: • Rs 10,869 crore will be used for funding capital expenditure requirements of some of the Subsidiaries in relation to (a) certain projects of the green hydrogen ecosystem;improvement works of certain existing airport facilities; and construction of greenfield expressway. • Rs. 4,165 crores will be used for repayment, in full or part, of certain borrowings of the company and three of its subsidiaries, namely, Adani Airport Holding Limited, Adani Road Transport Limited, and Mundra Solar Limited • General corporate purposes
The Adani Enterprise FPO lot size is 4 shares. A retail-individual investor can apply for up to 15 lots (60 shares or ₹196,560).
Adani Enterprise is promoted by Gautam S. Adani and Rajesh S. Adani.
The allotment date of Adani Enterprises FPO is set for 3rd February.
ICICI Securities, Jefferies India Pvt. Ltd., SBI Capital Markets ltd., Axis Capital Ltd., BOB Capital Markets Ltd., IDBI Capital Market Services Ltd., JM Financials Ltd., IIFL Securities Ltd., Monarch Networth Ltd., Elara Capital Pvt. Ltd. are the book running lead managers to the issue.