Adani Enterprises share price

2023 - 1 - 27

adani enterprises fpo - adani fpo

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Adani Enterprises FPO: What GMP signals after share price crash ... (Livemint)

Adani Enterprises FPO: Amid bloodbath on Dalal Street and Hindenburg Research report raising concern over debt positions of Adani group companies, ...

After day one of bidding the follow-on offer has been subscribed just 0.01 times whereas its retail portion got subscribed 0.02 times. Meanwhile, grey market mood is also not encouraging for the company and its promoters. Adani Enterprises FPO: Amid bloodbath on Dalal Street and Hindenburg Research report raising concern over debt positions of Adani group companies, the follow-on public offer (FPO) of Adani Enterprises Ltd opened for subscription on Friday.

Adani Enterprises FPO subscribed 1% on Day 1, retail portion ... (Moneycontrol.com)

Investors can bid for a minimum of four shares and in multiples of four shares thereafter. The offer closes on January 31.

Adani Enterprises, controlled by the billionaire Gautam Adani, will also repay certain borrowings via the issue proceeds. The BSE Sensex was down over 1,000 points at 12.42 pm. However, the anchor book of nearly Rs 6,000 crore, a part of QIB book, was fully subscribed on January 25. Adani Enterprises shares corrected sharply by 15 percent to Rs 2,882 at the time of writing this article, partly due to negative market sentiment. Adani Enterprises with a market capitalisation of Rs 3.4 lakh crore plans to raise Rs 20,000 crore via the FPO, at a price band of Rs 3,112-3,276 per share. The issue proceeds will be utilised for certain projects of the green hydrogen ecosystem; improvement of certain existing airport facilities; and construction of a greenfield expressway.

Cloud over Adani Enterprises FPO as stock dips 11-15% below offer (Business Standard)

Gautam Adani : Offer garners just 1% subscription on opening day, with bids worth just Rs 150 cr vs Rs 14908 cr on offer.

It will collect 50 per cent or ~1,638 per share from investors in the first tranche. When AEL set the price band for its FPO on January 18, the secondary market price was more than 10 per cent higher. Why would an investor buy the stock expensive in the FPO when it is available cheaper in the secondary market? “Even if one applies a Rs 64 discount applicable for retail investors, the stock is available 9 per cent cheaper. The shares of AEL crashed 18.3 per cent on Friday to end at Rs 2,769. The battering taken by the shares of Adani Enterprises (AEL) has raised dark clouds over the firm’s Rs 20,000-crore follow-on public offering (FPO).

Adani Enterprises' FPO gets a muted start (Economic Times)

Institutional investors bid for 2,656 shares. "I think the investors who are putting in money will also be fighting this particular situation, and nobody would ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). It intends to spend '10,869 crore for projects including the green hydrogen ecosystem, airport facilities, and the construction of a greenfield expressway. Investors must pay 50% of the offer price when placing bids and the remaining on one or more subsequent calls, as decided by the board. Adani Enterprises dropped 18.52% to close at '2,762.15, while several stocks in the conglomerate plunged to their daily permissible limits of 20% and 5%, respectively. The non-institutional investor category-including HNIs and corporates- got bids for 60,456 shares or 1%. The FPO received subscriptions for about 2% for the retail investor category.

Hindenburg effect: Adani Enterprises' Rs 20000-crore FPO ... (Business Today)

Adani Enterprises' stock fell 19% to Rs 2762, well below the the offer price of its secondary sale.

Another Rs 4,165 crore will go towards repayment of debt taken by its airports, road and solar project subsidiaries. It is also developing infrastructure projects, such as roads in India. 24 report about debt levels and the use of tax havens.

Adani Enterprises' FPO subscribed 1 per cent on opening day (CNBCTV18)

Retail investors put in bids for close to 4 lakh shares against 2.29 crore shares reserved for them while qualified institutional buyers (QIBs) sought just ...

The current business portfolio includes green hydrogen ecosystem, data centres, airports, digital, mining, defence and industrial manufacturing. Non-institutional investors sought 60,456 shares against an offer of 96.16 lakh shares. Adani Enterprises is selling shares in a price band of Rs 3,112 to Rs 3,276. Jan 27, 2023 IST4 Min(s) Read Jan 27, 2023 IST3 Min(s) Read Jan 28, 2023 IST5 Min(s) Read

As shares plunge, Adani FPO subscribed only 1% on opening day (Rediffmail)

Against an offer of 4.55 crore shares of Adani Enterprises Ltd, only 4.7 lakh were subscribed, according to information available from the BSE.

The company allotted 1.82 crore equity shares to 33 funds at Rs 3,276 apiece, taking the transaction size to Rs 5,985 crore, according to a circular uploaded on the BSE website. Adani Enterprises is selling shares in a price band of Rs 3,112 to Rs 3,276. That report came on a day the follow on public offer (FPO) opened for institutional investors on Wednesday.