Adani Enterprises Limited (AEL) is the flagship company of the Adani Group, one of India’s largest business organisations. Over the years, Adani Enterprises has focused on building stellar infrastructural assets contributing to nation-building.
Having successfully built unicorns like Adani Transmission, Adani Power, Adani Ports & SEZ, Adani Green Energy and Adani Total Gas, the company has contributed significantly to make the country self-reliant.
The businesses of Adani Group include :-
- Mining Services
- Edible Oil & Foods
- Water
- Data Center
- Integrated Resource Management
- Agro
- Solar Manufacturing
- Defence & Aerospace
- Airports
- Road, Metro & Rail
The company not only emphasizes its efforts on offering the best quality products and services but also ensures to contribute towards a sustainable environment and offering back to society.
Adani Enterprises FPO – Details
| FPO Opening Date | 27 January 2023 |
| FPO Closing Date | 31 January 2023 |
| Issue Type | Book Build Issue FPO |
| Issue Size | 6,10,50,061 Share Worth ₹19863.59 Crore Fresh Issue: 6,10,50,061 Share Worth ₹19863.59 Crore |
| Employee Reservation | 1,52,625 Shares Worth ₹50 Crore |
| Retail Discount | ₹64 per share |
| Face Value | ₹1 per equity share |
| FPO Price | ₹3112 – ₹3276 |
| Market Lot | 4 Shares |
| Min Order | 4 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Link Intime India Private Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Adani Enterprises FPO – Date Schedule
| FPO Open Date | 27 January 2023 |
| FPO Close Date | 31 January 2023 |
| Basis of Allotment Date | 03 February 2023 |
| Initiation of Refunds | 06 February 2023 |
| Credit of Shares to Demat Account | 07 February 2023 |
| FPO Listing Date | 08 February 2023 |
Adani Enterprises FPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4 | 13,104 |
| Retail (Max) | 15 | 60 | 1,96,560 |
| S-HNI (Min) | 16 | 64 | 2,09,664 |
| B-HNI (Min) | 77 | 308 | 10,09,008 |
Competitive Strengths
- The company is a business incubator with a demonstrated track record of incubating sustainable infrastructure businesses in India with a focus on enhancing stakeholder value.
- Demonstrated track record and expertise in project execution and management.
- Tapping on the growing green hydrogen potential in India to build a fully-integrated green hydrogen ecosystem in India.
- Airport assets of national importance are strategically located and are supported by a stable regulatory framework and concession terms.
- Robust environmental, social and governance (“ESG”) focus enhancing value in a responsible way.
- One of the leading global player in integrated resource management.
- Experienced promoters and strong leadership.
- Scalable financial structure and demonstrated financial performance.
Company Promoters
- Gautam S. Adani
- Rajesh S. Adani
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 44086.21 | 43162.63 | 1039.99 |
| 31 March 2021 | 40290.93 | 38946.07 | 1045.76 |
| 30 September 2021 | 26327.73 | 25759.62 | 460.14 |
| 31 March 2022 | 70432.69 | 69480.64 | 787.7 |
| 30 September 2022 | 79507.89 | 78205.21 | 901.04 |
Object Of The Issue
- Funding capital expenditure requirements for Subsidiaries in relation to :-
- Certain projects of the green hydrogen ecosystem;
- Improvement works of certain existing airport facilities; and
- Construction of greenfield expressway;
- Repayment, in full or part, of certain borrowings of the Company and three of their Subsidiaries, namely, Adani Airport Holding Limited, Adani Road Transport Limited, and Mundra Solar Limited; and
- General corporate purposes.
Adani Enterprises FPO Strengths
- Demonstrated track record and expertise in project execution and management.
- Tapping on the growing green hydrogen potential in India to build a fully-integrated green hydrogen ecosystem in India.
- One of the leading global player in integrated resource management.
- Experienced promoters and strong leadership.
Adani Enterprises FPO Risks
- If the company is not able to successfully manage their growth, their business and results of operations may be adversely affected.
- Certain companies within the Adani group are involved in various legal, regulatory and other proceedings which could have an adverse impact on the business and reputation.
- Any failure to execute on the green hydrogen strategy could have an adverse impact on the operations.
- We intend to expand the data center business and any failure to do so could impact the operations.
- We face significant competition in the FMCG business, which may limit company’s growth and prospects.
- The company is exposed to fluctuations in currency exchange and interest rates.
Adani Enterprises FPO Promoter Holding
| Pre Issue Share Holding | 72.63% |
| Post Issue Share Holding | 68.09% |
Adani Enterprises FPO Prospectus
- Adani Enterprises FPO DRHP
- Adani Enterprises FPO RHP
Company Contact Information
| Adani Enterprises Limited Shantigram, Near Vaishnodevi Circle, S G Highway, Ahmedabad-382421 Phone: +91-79-26565555 Email: Website: https://www.adanienterprises.com/ |
Adani Enterprises FPO Registrar
| Link Intime India Private Ltd Phone: +91 81081 14949 Email: ael.fpo@linkintime.co.in Website: https://linkintime.co.in/ |
Adani Enterprises FPO Lead Manager(s)
| 1. ICICI Securities Limited 2. Elara Capital (India) Private Limited 3. Jefferies India Private Limited 4. SBI Capital Markets Limited 5. Axis Capital Limited 6. BOB Capital Markets Limited 7. IDBI Capital Markets & Securities Limited 8. JM Financial Limited 9. IIFL Securities Limited 10. Monarch Networth Capital Limited |
Adani Enterprises FPO FAQs
| What is Adani Enterprises FPO? Adani Enterprises FPO is a FPO. The issue is priced at ₹[] to ₹[] per equity share. The FPO is to be listed on BSE & NSE. |
| When Adani Enterprises FPO will open? The FPO is to open on 27 January 2023 for QIB, NII, and Retail Investors. |
| What is Adani Enterprises FPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the Adani Enterprises FPO? You can apply Adani Enterprises FPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Adani Enterprises FPO through Angle One? Log in to Angle One Application with your credentials. Select the FPO. You will see the FPO Name “Adani Enterprises”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the Adani Enterprises FPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the FPO. You will see the FPO Name “Adani Enterprises”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Adani Enterprises FPO through Upstox? Log in to Upstox Application with your credentials. Select the FPO. You will see the FPO Name “Adani Enterprises”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the Adani Enterprises FPO through IIFL? Log in to IIFL Application with your credentials. Select the FPO. You will see the FPO Name “Adani Enterprises”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is Adani Enterprises FPO Size? Adani Enterprises FPO size is ₹20,000 Cr. |
| What is Adani Enterprises FPO Price Band? Adani Enterprises FPO Price Band is ₹3112 to ₹3276. |
| What is Adani Enterprises FPO Minimum and Maximum Lot Size? The minimum bid is 4 Shares with ₹13,104 amount while the maximum bid is 60 shares with ₹1,96,560. |
| What is the Adani Enterprises FPO Allotment Date? Adani Enterprises FPO allotment date is 03 February 2023. |
| What is the Adani Enterprises FPO Listing Date? Adani Enterprises FPO listing date is 08 February 2023. The FPO is to list on BSE and NSE. |
