Adani Enterprises Files Paper With Stock Exchanges To Launch 20000 Crore Rupees FPO MarketGyani.com
Adani Enterprises FPO: Adani Enterprises has started preparing to bring its FPO follow on offer. The company has filed papers with the stock exchanges for bringing the FPO. The company is preparing to raise Rs 20,000 crore through the largest FPO in the history of the Indian stock market.
Paper submitted for FPO!
According to media reports, Adani Enterprises has submitted necessary documents to the exchange for bringing the FPO. Adani Enterprises is the flagship company of the world’s third richest Gautam Adani. But even before the arrival of FPO, pressure is also being seen on the stock of Adani Enterprises. Shares will be sold to retail investors at a discount, due to which there has been a decline in the stock in recent times. The stock fell to Rs 3560 on Tuesday. But before the market closed, the stock recovered and closed at Rs 3,639 with a gain of 0.54 per cent. The stock has come down 13 per cent from its historic high of Rs 4,190.
Retail investors will get discount!
Retail investors who will be allotted shares in the FPO of Adani Enterprises, their company may ask them to pay the amount in two to three installments. The same happened in the rights issue of Reliance Industries. 35 percent quota in FPO will be reserved for retail investors. If the market sentiment is better, the FPO can be brought in late January or early February.
Multibagger returns to investors
The rise in the stock of Adani Enterprises in the last 3 to 4 years has made investors wealthy. The stock has doubled investors’ money in just one year. The stock has given 6 times return in two years and 16 times in 4 years.
Veteran investors will invest money in FPO!
Global investors will invest in FPO
Big foreign investors are preparing to invest in the follow-on offer of Adani Enterprises. It is believed that apart from the International Holding Company of the United Arab Emirates, Abu Dhabi Investment Authority, Qatar Investment Authority are also involved.
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