Adani Enterprises FPO / FPO of Adani Enterprises open from today, know size, price, date and everything

Adani Enterprises FPO: The follow-on public offer (FPO) of Adani Enterprises, the flagship company of world's third richest man Gautam Adani, has become available for investment in the primary markets today and will remain open for bidding till January 31, 2023. The flagship Adani group company aims to raise ₹20,000 crore through this follow-on public offer. Regarding the offer, the company has already clarified that the net proceeds of the FPO will be used to repay debt and capital expenditure of Adani Enterprises Limited and its subsidiaries.

The company has fixed the Adani Enterprises FPO price band at Rs 3,112 to Rs 3,276 per equity share, while the share price of Adani Enterprises is Rs 3,405 today. So, the FPO is available at a discounted price of around 5 per cent.

Meanwhile, gray market sentiment regarding Adani Enterprises FPO remains flat. According to market analysts, Adani Enterprises FPO gray market premium (GMP) at ₹45 today is ₹55 lower than GMP of ₹100 per equity share on Wednesday morning.

Let's know the important things related to it

Adani Enterprises FPO Price: The flagship Adani group company has priced its FPO at ₹3,112 to ₹3,276 per equity share.

Adani Enterprises FPO Date: The FPO has opened today and will remain open till 31st January 2023.

Adani Enterprises FPO size: The Adani group company aims to raise ₹20,000 crore from its follow-on offer.

Adani Enterprises FPO Allotment Date: The tentative date of allotment of shares is 3rd February 2023.

Adani Enterprises FPO Lot Size: One bidder will be able to apply in lots and one lot comprises of four shares of Adani Enterprises.