Fpo of adani

• • • The Adani-Hindenburg saga: A complete guide to what's happened so far The Adani-Hindenburg saga: A complete guide to what’s happened so far Gautam Adani, who until recently was the richest Indian in the world, has now slipped to 22nd spot in the Forbes billionaire list in the wake of Hindenburg Research's report. In a little over a week since New York-based investor research firm Hindenburg Research accused industrialist Gautam Adani-led conglomerate of “brazen stock manipulation and accounting fraud scheme over the course of decades”, shares of Adani Group companies have nosedived. Adani, who until recently was the richest Indian in the world, has now slipped to 22nd spotin the Forbes Real-time billionaire list for 2023. Express View | Although shares in Adani companies recovered after sharp falls earlier in the day, the seven listed firms have still lost about half their market value– or more than USD 100 billion combined – since the US-based short-seller last week questioned the group over its debt levels, Reuters reported. The listed Adani firms now have a combined market value of USD 108 billion, versus USD 218 billion before Hindenburg’s report. #Politics | The research firm, which has short positions in Adani companies through US-traded bonds and non-Indian-traded derivative instruments, said key listed companies in the group had “substantial debt” which has put the entire group on a “precarious financial footing”. The report was released just ahead of a Rs 20...

NEW DELHI: Mumbai: Support from high networth investors ensured India’s biggest follow-on public offering (FPO), the Rs 20,000-crore Adani Enterprises’ (AEL) issue, achieved full subscription on the last day of bidding. However, there was a tepid response from retail investors and employees. The flagship of the The flagship of the Adani Group received total bids for 5.1 crore shares, against the offer size of 4.6 crore shares, on January 31, the third and final day of retail bidding, representing a 112% subscription. This excludes the Rs 5,985-crore anchor book, a part of the QIB portion, that was completely subscribed a day before the FPO had opened on January 28. The high networth individuals’ (HNIs) portion was subscribed 332%, with bidding for 3.2 crore shares, against the 96 lakh shares that were reserved for this category. Within HNIs, the part reserved for ultra HNIs was subscribed nearly five times, which included family offices of India Inc, market sources said. Retail investors and AEL employees’ categories were subscribed 12% and 55%, BSE data showed. There was a muted response from retail investors as AEL’s stock was available below the FPO price band of Rs 3,112-Rs 3,276 a share, market watchers said. AEL had offered a discount of Rs 64 to retail investors. On Tuesday, the AEL stock on BSE closed at Rs 2,975, up 3.4% over the previous close but still at a 4% discount to the lower band of the FPO price of Rs 3,112.

Adani Enterprises The extraordinary development has come amid a massive market rout in Adani Group stocks following the release of the An FPO, also known as secondary offering, is a process in which an existing company listed on stock exchanges issues new shares to the existing shareholders as well as new investors. Also Read | But wasn’t the Adani FPO oversubscribed? On Tuesday, corporates and foreign investors had bailed out Adani Enterprises Limited’s FPO amid volatility in the stock market. Despite the AEL share’s market price quoting below the issue price, the FPO was subscribed 1.12 times on the last day of the issue following a strong response from qualified institutional buyers (QIBs), including foreign institutional investors (FIIs) and non-institutional investors (NIIs) such as family offices of big industrialists that manage their personal wealth and ultra-high networth individuals. The QIB portion was subscribed 1.26 times and NIIs 3.32 times. Corporates bid for 1.66 crore shares worth Rs 5,438 crore and FIIs applied for 1.24 crore shares worth Rs 4,127 crore. Adani Group calls off FPO: Why, what happened? The meltdown in Adani Group stocks and bonds resumed on Wednesday, with shares in Adani Enterprises plunging 28% and Adani Ports and Special Economic Zone dropping 19%, the worst day on record for both, Reuters reported. Adani Group shares on Wednesday On Wednesday, share price of Adani Enterprises nosedived more than 34 per cent to hit a day’s low of Rs 1,94...

Starting as a small-time commodity trading business, Adani Enterprises Ltd (AEL), the flagship of the Adani Group founded by Gautam Adani, went on to incubate half-a-dozen companies and grew through acquisitions. The scorching run of Adani companies led by AEL on the stock exchanges took the Group to the numero uno position in market capitalisation and made Gautam Adani the third richest man in the world before the AEL stock since Jan 25 As the Even as the Adani group termed the report “maliciously mischievous”, and even said that it was planning to sue Hindenburg, shares of all nine listed group companies came under pressure. Over the last seven trading sessions, they have lost an aggregate of Rs 9.1 lakh crore in market capitalisation — 47.4 per cent of their market cap. The group market cap fell from Rs 19.18 lakh crore on January 24 to Rs 10.07 lakh crore on February 3. Decline in fortune of Adani Group firms The flagship Adani Enterprises came under huge selling pressure on Wednesday and Thursday. Over the last seven trading sessions, its stock has fallen by 54 per cent. The group had to call off AEL’s FPO a day after it managed to get full subscription to the issue, following interest from non-institutional investors and family offices of large corporations. The shares were called off after they plunged by over 25 per cent on Wednesday. Gautam Adani said that he would refund the investors’ money, and that the decision was taken to safeguard the interest of investors....

The record $2.5 billion share sale by Investors had placed orders for about 100% of the total shares on offer by Adani Enterprises Ltd. — India’s largest follow-on share sale, exchange data showed shortly before the close of the equity market in Mumbai on Tuesday. The surge in demand came after a tepid response in the first two days since the offer opened for 01:35 Gautam Adani out of world's top-10 billionaires list, just 3 days after Hindenburg Research report The stakes were high for Adani, who has already suffered one of the world’s biggest-ever declines in personal wealth after Hindenburg last week alleged his conglomerate used a web of companies in tax havens to inflate revenue and stock prices even as debt piled up. A successful deal signals he still has the ability to attract investors with bold expansion plans in industries ranging from green energy to ports and e-commerce. 01:27 'Hindenburg reports are motivated: Adani Group CFO after company loses $6 bn in a day While the last-minute surge in demand is a victory for Adani after Hindenburg’s report put the offering in doubt, it’s unlikely to fully dispel investor concerns about the conglomerate’s corporate governance. Further, individual investors bid for a little over 10% of the shares offered to them in the sale — undermining the group’s key goal of broadening the investor base. The order books for institutional and retail investors opened within days of US short seller Hindenburg’s scathing report. The attack ...

New Delhi: Adani Enterprises Ltd's follow-on share sale has been fully subscribed on the last day of the Rs 20,000 crore issue, according to markets data. Investors sought at least 4.62 crore shares against the offer of 4.55 crore shares. Non-institutional investors put in bids for over three times the 96.16 lakh shares reserved for them. The 1.28 crore shares reserved for qualified institutional buyers, or QIBs, was almost fully subscribed, according to Bombay Stock Exchange data. "Investors would view the successful completion of the FPO as a welcome relief as it implies that the company still has the support of institutional investors. The FPO would help to enlarge Adani Enterprises' public float (thereby partly addressing the issue over the promoters' concentrated shareholding), as well as reduce leverage for the company and improve investor sentiment for the wider group," Leonard Law, senior credit analyst at Singapore's Lucror Analytics told news agency Reuters. Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.

On a day the markets welcomed the Budget with a sharp rally early on, Adani Group companies were again in virtual free fall Wednesday. With its flagship Adani Enterprises Limited plunging 28.4%, the group announced late night that it had decided to call off the Rs 20,000-crore follow-on public offer (FPO) and return the money to investors. This came a day after its FPO had scraped through with non-institutional investors, including HNIs and family offices of industrialists, chipping in. And hours after Swiss lender Credit Suisse Group AG, according to a Bloomberg report, had stopped “accepting bonds of Adani Group companies as collateral for margin loans to its private banking clients.” In its statement, AEL said: “Given the unprecedented situation and the current market volatility, the company aims to protect the interest of its investing community by returning the FPO proceeds and withdrawing the completed transaction.” It quoted its chairman Gautam Adani: “Today the market has been unprecedented and our stock price has fluctuated over the course of the day… Given these extraordinary circumstances, the company’s board felt that going ahead with the issue will not be morally correct. The interest of the investors is paramount and hence to insulate them from any potential financial losses, the board has decided not to go ahead with the FPO.” The FPO was oversubscribed 112 per cent on the last day of the issue (January 31). Adani group companies have lost market capitalisat...

The Follow-On Public Offering (FPO) of Adani Enterprises received bids for 50.86 million shares against an offer size of 45.5 million shares, representing a 112 percent subscription, on January 31, the third and final day of bidding. This excludes the anchor portion that was fully subscribed. Retail investors took a backseat as the stock price has slid below the FPO price band, bidding for only 12 percent of the shares set aside for them. Qualified institutional buyers (QIB) were at the forefront. They bid for 16.1 million of the 12.8 million shares set aside for them, indicating a 1.26 times subscription. Non-institutional investors subscribed 332 percent of the portion set aside for them. They bid for 31.93 million shares against the 9.6 million reserved. Meanwhile, employees have bid for 55 percent of the shares reserved for them. Days before the issue opened, on January 25, anchor investors, a part of the qualified institutional buyers, subscribed nearly Rs 6,000 crore worth of shares. One of the anchor investors, IHC, poured in another $400 million, it said in a statement on January 30. Click Here To Read All IPO Related News Last week, Adani group shares were hammered after an American short seller, Hindenburg Research, accused the company of using tax havens and flagged debt concerns in a report. In a 413-page rebuttal, the Adani group denied all charges. At the end of day 1, January 27, the Rs 20,000-crore FPO was subscribed 1 percent. On the second day, the subscr...

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Note for investors: Adani Enterprises FPO has been canceled by the company. All investors who have applied for the FPO will receive their refund from the company. Adani Enterprises is part of the Adani Group, which is among India’s top business houses with an integrated energy and infrastructure platform and a long track record of successfully executing large-scale projects. Adani Enterprises is offering partly paid shares to retail investors through its Rs 20,000 crore FPO. This means that investors have to pay only half of the offer price when placing bids in the FPO and the remaining half when the announcement is made by the company. To learn more about partly paid shares, refer to the FAQ section at the end of this page.; Portfolio is collection of mutual funds designed to meet your investment goals. Investing in mutual fund portfolios helps you in diversifying your investments and reduces the risk. Portfolios also help you in assigning an investment goals and make it easy for you to save for and achieve your goals. You can create a portfolio yourself or ask an expert to build it for you. 2. For Depository Transaction 'Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL/NSDL on the same day...Issued in the interest of investors. · Investors should be cautious on unsolicited e...