Adani Enterprises FPO Date, Apply Online, Price, Lot Size & Review
Adani Enterprises FPO open date is January 27, 2023 and is going to close on January 31, 2023. Adani Enterprises Limited comes under Adani Group, which is one of the most growing businesses. As the Follow-on Public Offer is opened, those who are looking for the share price must know that each share is worth between ₹3112 to ₹3276, a sum of four shares make a ‘Lot’, it is listed on both BSE and NSE, stay tuned to get more details in this regard.
Adani Enterprises FPO
Adani Enterprises Limited Follow-on Public Offer is opened, you may think about applying online for this FPO, it is informed that an individual can buy upto 15 lots i.e. 60 shares, which worth ₹1,96,560. High Net-Worth individuals can buy minimum 16 and maximum 70 lots worth of ₹2,09,664 and ₹10,09,008, respectively. After the close of FPO, Basis of Allotment will take place on February 06, 2023.
|Follow-on Public Offer||Adani Enterprises Limited FPO|
|Open Date||27 January 2023|
|Close Date||31 January 2023|
|Per Share Price||₹3112 to ₹3276|
|Lot Size||4 Shares|
|Listings||BSE & NSE|
|Each Share Face Value||₹1|
Refund initiation will take place from February 06, 2023 and shares will be credited to demat account by February 07, 2023 and it will be listed on Bombay Stock Exchange and National Stock Exchange on February 08, 2023. Gautam S. Adani and Rajesh S. Adani are the promoters of the Adani Enterprises Limited, currently they are holding 72.63%.
Adani Enterprises FPO Time Table
Adani Enterprises Limited FPO Time Table has been officially released, as per tentative time table Follow-on Public Offer is going to start from 27 January 2023 at 10:00 am and close on 31 January 2023 by 05:00 pm, by this FPO company is likely to raise ₹20,000/. Go through the table, which is available below and know the complete schedule.
|Open Date||January 27, 2023|
|Close Date||January 31, 2023|
|Date For Basis of Allotment||February 3, 2023|
|Refunds Date||February 6, 2023|
|Date for Credit of Share to buyers Demat Account||February 7, 2023|
|Listing Date on BSE & NSE||February 8, 2023|
Note: Out of the total shares, 35% are for retails, 50% for qualified institutional buyers and remaining 15% are for High Net Worth individuals.
Adani Enterprises FPO Lot Size
A lot is equal to 4 shares, as an individual you can apply for minimum 1 and maximum 15 lots, get more details about the Lot Size from the below.
Individuals are likely to get a discount of ₹64 on each share.
Before opening the Follow-on Public Offer, the price band was announced on January 18, 203 and then Anchor Investment Allotment took place on January 25, 2023.
Adani Enterprises Apply Online
As per a few brokerage firm reviews, it is suggested to apply, you know the review of them from below.
- Ashika Research: Apply
- Axis Securities: TBR
- Dilip Davda: Apply
- HDFC Securities: TBR
- Nirmal Bang: Neutral
- Sushil Finance Ltd: Neutral
- Ventura Securities: Apply
Out of 7 brokerage firms, 3 rates to Apply, 2 as Neutral and remaining has not yet rated.
Note: TBA stands for ‘To be rated’.
About Adani Enterprises Limited
AEL comes under Adani Groups, which is a Indian Multinational company, over decades, it estimated many unicorns such as Adani Power, Adani Ports & SEZ, Adani Transmission, Adani Green Energy & Adani Total Gas. Business of Adani Group includes following:
- Mining Services
- Edible Oil & Foods
- Solar Manufacturing
- Defence & Aerospace
- Roads, Metro & Rail
- Data Center
- Integrated Resource Management
Adani Group has emerged as a leader in various fields, get company contact details from below.
Adani Enterprises Limited
Shantigram, Near Vaishnodevi Circle,
S G Highway,
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