Adani Enterprises Limited FPO | Globe Capital Market LTD.
Adani Enterprises Limited FPO
Closed
Price Band
Rs. 1556 to Rs. 1638 per share
IPO Issue Period
Jan 27, 2023 to Jan 31, 2023
Issue Size
20,000.00 Cr.
Face value
Rs. 1 per share
Fresh issue
20,000.00 Cr
Offer for sale
NIL
Minimum Shares for Retail
4 Shares
Listing on
BSE, NSE
Issue Type
Book Building
Registrar to the Issue
Link Intime India Private Ltd
Tentative Listing Date
cancelled
QIB
50% of the net offer
NII
15% of the Net Offer
Retail
35% of the Net Offer
Retail Discount
Offered discount of Rs 64/-

Incorporated in 1988, Adani Enterprises Limited is an Indian Multinational company engaged in multiple business ventures. The entity is the flagship company of the Adani Group.

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 endeavors of the companies are highly driven toward making India a self-reliant country.

The businesses of Adani Group include-

  1. Mining Services
  2. Edible Oil & Foods
  3. Water
  4. Data Center
  5. Integrated Resource Management
  6. Agro
  7. Solar Manufacturing
  8. Defence & Aerospace
  9. Airports
  10. Roads, 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.

For year/ period ended ( in Cr.)

H1FY22 FY21 FY20
Total Revenue 70,519.51 40,290.93 44,086.21
Profit After Tax 475.37 746.32 798.00
EPS 7.06 8.39 10.35
OPM (%) 6.81 8.24 6.84
PATM(%) 0.68 1.89 1.84

 

  1. 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;
  2. 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
  3. General corporate purposes.

Retail Discount – Offered discount of Rs 64/-

Note: On Application, Bidders in the Offer will have to pay such amount per FPO Equity Share which constitutes 50% of the Offer Price per FPO Equity Share and the balance amount per FPO Equity Share which constitutes 50% of the Offer Price per FPO Equity Share, will have to be paid, on one or more subsequent Call(s), as determined by our Board or a committee thereof at its sole discretion.

Based on its FY23 earnings, the issue appears expensive priced. Hence, Investors may subscribe to the Issue.

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