Adani Enterprises FPO

FPO Date: 27th to 31st Jan 2023

FPO Price Band
Price Band
₹3112 to ₹3276
FPO Issue Size
Issue Size
₹20,000 Cr
FPO Market Lot
Market Lot
FPO Face Value
Face Value
₹1 Equity Share

About Adani Enterprises FPO

Incorporated in 1988, Adani Enterprises Limited is part 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.

With a long track record of successful execution of various large-scale projects, the company has emerged as a leader in different segments.

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 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. The Adani Group had a market capitalization of ₹18,402 billion (approximately US$222 billion) as of December 31, 2022.


  • Strong and diverse existing portfolio base.
  • Established track record, favourable national policy support and visibility for future growth.
  • Reliable cash flow supported by long-term O&M contracts with high credit quality counterparties.
  • Supported and promoted by our parent company, IWL.
  • Established supply chain in place.
  • Strong and experienced management team.

Objects of the Issue

The Company proposes to utilize the Net Proceeds towards funding of the following objects:

  • 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.

Adani Enterprises FPO Date, Market Lot & Price Band

FPO Opening Date Jan 27, 2023
FPO Closing Date Jan 31, 2023
Issue Type Book Built Issue FPO
Face Value ₹1 Equity Share
FPO Price ₹3112 to ₹3276 per share
Market Lot 4 Shares
Min Order Quantity 4 Shares
Listing At BSE, NSE
Issue Size 64,738,475 shares of ₹1 (aggregating up to ₹20,000.00 Cr)
Fresh Issue 64,738,475 shares of ₹1 (aggregating up to ₹20,000.00 Cr)
Retail Discount Rs. 64 per share
Listing At BSE, NSE
QIB Shares Offered 50% of the net offer
NII (HNI) Shares Offered 15% of the Net Offer
Retail Shares Offered 35% of the Net Offer

Adani Enterprises FPO Allotment & Listing Date

Basis of Allotment Date Feb 3, 2023
Initiation of Refunds Feb 6, 2023
Credit of Shares to Demat Account Feb 7, 2023
FPO Listing Date Feb 8, 2023

Adani Enterprises FPO FAQs

Adani Enterprises FPO is a main-board FPO of 64,738,475 equity shares of the face value of ₹1 aggregating up to ₹20,000.00 Crores. The issue is priced at ₹3112 to ₹3276 per share. The minimum order quantity is 4 Shares.

The FPO opens on Jan 27, 2023, and closes on Jan 31, 2023.

Link Intime India Private Ltd is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.

The Adani Enterprises FPO opens on Jan 27, 2023 and closes on Jan 31, 2023.

Adani Enterprises FPO lot size is 4 Shares and the minimum order quantity is 4 Shares.

You can apply in Adani Enterprises FPO online using either UPI or ASBA as payment method. ASBA FPO application is available in the net banking of your bank account. UPI FPO application is offered by brokers who don't offer banking services.

The finalization of Basis of Allotment for Adani Enterprises FPO will be done on Feb 3, 2023, and the allotted shares will be credited to your demat account by Feb 7, 2023.

Check the FPO allotment status.

The Adani Enterprises FPO listing date is Feb 8, 2023.

How to Apply in Adani Enterprises FPO with SMC?

  • To Bid online, you need
    Demat Account and Pan card.

  • Login to SMC account and
    select the Adani Enterprises FPO

  • Enter UPI Id & Mobile number

  • Place your number of bids
    with the exchange

  • A UPI mandate is sent to your
    UPI App to block your funds.

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