Adani Enterprises Limited -FPO

Rs. 1556-1638
27 Jan-31 Jan 2023
Rs. 1
Rs. 20000 Cr.
Rs. 20000 Cr.
NIL
4
60
NSE,BSE
Book Building
Feb 08, 2023
Not More than 50% of the offer
Not less than 15% of the offer
Not less than 35% of the offer
Link Intime India Private Limited.
ICICI Securities Limited, Jefferies India Private Limited, SBI Capital Markets Limited, Axis Capital Limited, BOB Capital Markets Limited, IDBI Capital Market Services Limited , JM Financial Limited, IIFL Securities Ltd, Monarch Networth Capital Ltd, Elara Capital (India) Private

*Retail Discount - Offered discount of Rs 64/-

Note: On Application, Bidders in the Offer will have to pay such amount per FPO Equity Share which constitutes 50% of the Offer Price per FPO Equity Share and the balance amount per FPO Equity Share which constitutes 50% of the Offer Price per FPO Equity Share, will have to be paid, on one or more subsequent Call(s), as determined by our Board or a committee thereof at its sole discretion.

Company Profile

Adani Enterprises Limited part of the Adani group, which is among India’s top business houses10 with an integrated energy and infrastructure platform in India and a long track record of successfully executing large-scale projects. It is one of India’s largest listed business incubators in terms of market capitalisation11 and are driven by the philosophy of incubating businesses in four core industry sectors - energy and utility, transportation and logistics, consumer, and primary industry. It represents an effective complement of established and developing businesses which address the needs of India.

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 businesses of Adani Group include- Mining Services, Edible Oil & Foods, Water, Data Center, Integrated Resource Management, Agro, Solar Manufacturing, Defence & Aerospace, Airports & Roads, Metro & Rail.

Company financial
Summary of financial information
For year/ period ended ( in Cr.)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Revenue 70,519.51 40,290.93 44,086.21
Profit After Tax 475.37 746.32 798.00
EPS 7.06 8.39 10.35
OPM (%) 6.81% 8.24% 6.84%
PATM (%) 0.68% 1.89% 1.84%
Objective of the Issue
The company proposes to utilize the Net Proceeds towards funding of the following objects:
It will use around Rs 4,165 crore to repay borrowings of Adani Airport Holdings, Adani Road Transport, and Mundra Solar.
General corporate purposes.
Valuation & View

Based on its FY23 earnings, the issue appears expensive priced. Hence, Investors may subscribe to the Issue.