Adani Enterprises FPO will open for subscription from 27 January 2023. the company aims for an issue size of 20,000Cr through this FPO.
About Company
Incorporated in 1993, Adani Enterprises is the flagship company of the Adani Group. They are among India’s top business houses having an integrated energy and infrastructure platform in India. The Group is an Indian Multinational company engaged in multiple business ventures.
Adani Enterprises has business interests in various economic areas such as mining, integrated resources management, infrastructure such as airports, roads, rail/ metro, water, data centers, solar manufacturing, agro, and defense.
Basic details about the company
| Full name | Adani Enterprises Limited |
| Sector | Trading |
| Industry | Trading |
| Company Website | https://www.adanienterprises.com/ |
The objective of the Issue
- 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;
- Repayment, in full or part, of certain borrowings of our Company and three of our Subsidiaries, namely, Adani Airport Holding Limited, Adani Road Transport Limited, and Mundra Solar Limited; and
- General corporate purposes.
FPO Timetable
| IPO Opening date | 27 January 2023 |
| IPO Closing | 31 January 2023 |
| Basis of Allotment | 03 February 2023 |
| Initiation Refund | 06 February 2023 |
| Credit to Demat Account | 07 February 2023 |
| Listing Date | 08 February 2023 |
FPO details
| Issue type | Book Built Issue FPO |
| IPO issue size | ₹20,000 Cr – 64,738,475 shares |
| Fresh Issue | ₹20,000 Cr – 64,738,475 shares |
| Offer for sale | NIL |
| Face value | ₹1 per share |
| Offer price | ₹3112 to ₹3276 per share |
| Retail Discount | ₹64 per share |
| Lot size | 4 Shares |
| Retail Allocation | 35% |
| Listing Exchange | BSE & NSE |
FPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4 | ₹13,104 |
| Retail (Max) | 15 | 60 | ₹196,560 |
| S-HNI (Min) | 16 | 64 | ₹209,664 |
| B-HNI (Min) | 77 | 308 | ₹1,009,008 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 43,402.56 | 39,537.13 | 69,420.18 | 79,019.48 |
| Expenses | 43,162.63 | 38,946.07 | 69,480.64 | 78,205.21 |
| Net income | 1,138.17 | 922.64 | 776.56 | 930.40 |
| Margin (%) | 2.62 | 2.33 | 1.12 | 1.18 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 10.35 | 8.39 | 7.06 |
| PE ratio | – | – | 440.79 – 464.02 |
| RONW (%) | 5.71 | 5.53 | 2.93 |
| NAV | – | – | 244.84 |
| ROCE (%) | 12.0 | 11.4 | 9.2 |
| EBITDA (%) | 6.7 | 8.1 | 6.7 |
| Debt/Equity | 0.35 | 0.52 | 0.91 |
Company Promoters
- Gautam S. Adani
- Rajesh S. Adani
Promoter Holding
| Pre Issue Share Holding | 72.63% |
| Post Issue Share Holding |
Lead Manager(s)
- ICICI Securities Limited
- Jefferies India Private Limited
- SBI Capital Markets Limited
- Axis Capital Limited
- BOB Capital Markets Limited
- IDBI Capital Market Services Limited
- JM Financial Limited
- IIFL Securities Ltd
- Monarch Networth Capital Ltd
- Elara Capital (India) Private
IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 81081 14949
Email: ael.fpo@linkintime.co.in
Website: www.linkintime.co.in
Contact Details
ADANI ENTERPRISES LIMITED
Adani Corporate House, Shantigram,
Near Vaishno Devi Circle, S. G. Highway,
Khodiyar, Ahmedabad 382 421, Gujarat, India
Phone:+91 79 2555 5555
Email: investor.ael@adani.com
Website: www.adanienterprises.com
Allotment Status
Adani Enterprises FPO allotment will be available on Link Intime’s website. Click on Link Intime IPO weblink to get allotment status.
Final thoughts
Adani Enterprises FPO is going to hit Dalal street soon. applying for FPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
