The Rs 20,000 crore FPO by Adani Enterprises kicked off on Friday (Jan 27). The FPO will conclude on January 31
The FPO is being sold in
Rs 3,112–3,276 price band, which is higher than Adani Enterprises' prevailing price
Shares of Adani Enterprises fell 20 per cent to hit a low of Rs 2,712 on Friday amid a broad-based market selloff
Adani Enterprises FPO's basis of allotment is likely by February 3, unblocking of funds is likely by February 4
Adani Enterprises FPO's credit of shares to demat account by February 5 while the listing of the shares is likely by February 8
Adani Enterprises' anchor book has already been oversubscribed on January 25
Adani Enterprises finalised allocation of 1,82,68,925 FPO shares, in aggregate, to anchor investors at Rs 3,276 apiece
Post Hindenburg report, there could be some sentimental hit among retail investors, InGovern Research Services said
Valuation does not seems attractive after a 100 per cent rally in the past one year, as per the brokerage Sushil Finance
Sushil Finance said that the issue price was at 7-10 per cent mere discount of prevailing price
With Friday's fall, the FPO's price band is in fact at a premium to the prevailing price
The stock mentioned in the story is for information purposes only. Investors or market participants should consult their financial advisors before taking any position
Story by: Amit Mudgill
Designed by: Mohsin