Adani Enterprises FPO fully subscribed : retail portion only 11%



Institutions invested Rs 5500 crore (including anchor investors and FIIs) and Ultra HNIs and NIIs including family offices put in close to Rs 5000 crore in AEL FPO


by Neil Waugh 

Mumbai:The Follow-on Public Offer (FPO) of Adani Enterprises was fully subscribed on January 31, 2023, the last day of subscription, according to data on BSE. The highest interest was seen from the Non-Institutional Investors (NIIS), who have subscribed to the issue 3.26 times their quota.

According to the company's announcement, the NII portion got bids amounting to 31.3 million shares, and the highest contribution has been by family businesses of ultra-high-net individuals (UHNIs). This includes names like Ambanis, Sajjan Jindal, Sunil Mittal, Sudhir Mehta and Pankaj Patel.

The interest from retail individual investors (RIIs) has been low, with only 11 per cent subscriptions (2.5 million shares out of their quota of 22.9 million shares).

The employees have bid for 53 per cent of the shares marked for them. The data showed that the Qualified Institutional Buyers (QIBs) have bid for 126 per cent of the total shares in the category. They bid for 16.1 million shares against the 12.6 million marked for them.

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