Adani Enterprises has raised Rs 5,985 crore from anchor investors ahead of its follow on public offering (FPO). The company has decided to allot a total of 1,82,68,925 equity shares to 33 funds at Rs 3,276 apiece, taking the transaction size to Rs 5,985 crore. Foreign investors who have been allocated shares include Abu Dhabi Investment Authority, BNP Paribas Arbitrage, Societe Generale, Goldman Sachs Investment (Mauritius), Morgan Stanley Asia (Singapore) Pte, Nomura Singapore Ltd and Citigroup Global Markets Mauritius.
The Rs 20,000 crore- follow on public offering of the company is slated to open on January 27, 2023 and close on January 31, 2023. It will sell shares in the price band of Rs 3,112 to Rs 3,276 apiece. It will offer a Rs 64 per share discount to retail investors in FPO where the bid lot has been set at four and multiple of four shares. Out of the Rs 20,000 crore proceeds from the FPO, Rs 10,869 crore will be used for green hydrogen projects, work at the existing airports and construction of a greenfield expressway. An amount of Rs 4,165 crore will be utilised for repayment of debt taken by its airports, road and solar project subsidiaries.
Adani Enterprises (AEL) is the flagship company of Adani Group, one of India’s largest business organisations.
| Company Name | CMP |
|---|---|
| Redington | 230.30 |
| Adani Enterprises | 2216.05 |
| Amrapali Industries | 17.53 |
| Rashi Peripheral | 480.85 |
| PDS | 293.00 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: