English
Specials
    Upgrade

    Moneycontrol

    Budget 2023Budget 2023

    PARTNERS

    • Tata AIA Life Insurance
    • Hafele
    • Motilal Oswal
    Open for all to watch : Nifty Banker 3.0 | Watch Day 12 Session today by Ashok Devanampriya at 8pm.
    Budget 2023
    Budget 2023
    you are here: HomeNewsBusinessIPO

    Adani Enterprises FPO subscribed 1% on Day 1, retail portion booked 2%

    Investors can bid for a minimum of four shares and in multiples of four shares thereafter. The offer closes on January 31

    Sunil Shankar Matkar
    January 27, 2023 / 05:10 PM IST
    Gautam Adani, Chairperson of Adani Group. (File image)

    Gautam Adani, Chairperson of Adani Group. (File image)

     
     
    live
    • bselive
    • nselive
    Volume
    Todays L/H
    More

    Adani Enterprises' follow-on public offering (FPO), the largest ever in the history of Indian capital markets, received bids for 4.7 lakh shares or 1 percent of the issue size of 4.55 crore shares on January 27, the first day of bidding.

    Retail investors, employees, high net-worth individuals (HNIs) and qualified institutional buyers (QIBs) have started putting in bids for the offer.

    However, the anchor book of nearly Rs 6,000 crore, a part of QIB book, was fully subscribed on January 25. Accordingly, the issue size was reduced to 4.55 crore shares, from 6.47 crore shares initially.

    Retail investors have bought 2 percent and employees 4 percent of their allotted quota, while HNIs (non-institutional investors) have bid for 60,456 shares against the reserved portion of 96.16 lakh shares, and QIBs have bought 2,656 shares of the 1.28 crore shares set aside for them.