If you want to earn money by investing in the company of Asia’s richest Gautam Adani, then you are going to get this opportunity soon. Actually, Adani Enterprises Limited is preparing to raise Rs 20,000 through a follow-on public offer (Adani Enterprises FPO). On Wednesday, the floor price for this FPO has been fixed at Rs 3,112 per share.
FPO will open on 27 January
The FPO of Adani Enterprises will open for subscription on 27 January. The cap price of the FPO is Rs 3,276 per share for all categories of investors. Under this, the minimum lot size will be of four shares. Investors will be able to subscribe to it till January 31. The allotment will be on February 3 after the budget. Apart from this, February 6 has been fixed for the refund process and February 7 as the date for crediting the shares in the demat account. Its listing date is 8 February 2023.
stock rose so much in five years
Anchor Investors can bid for the FPO of Adani Enterprises till January 25, 2023. The stock of this company of Gautam Adani has given up to 94 percent return to its investors in the last one year itself. On the other hand, if we look at the movement of the last five years, then it has climbed more than 1,750 percent. At the same time, since being listed in the stock market, the company’s shares have worked to give 25 times return to its investors.
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Discount to Retail Investors
According to the report, it has been decided to offer shares to retail investors at a discount of 10 per cent per share. Accordingly, Adani Enterprises has given a discount of 64 per equity share in this FPO to the investors who bid in the retail part. After the FPO, the promoters’ stake in the company will come down by 3.5 per cent.
What is FPO?
Follow on Public Offer (FPO) is actually a way of raising money for a company. The company which is already listed in the stock market, offers new shares to the investors. These shares are different from the shares present in the market. Most of these stocks are issued by the promoters. Means sell your share of shares in the market. The promoters’ stake in Adani Enterprises is around 72 per cent.
(Note- Before investing in the stock market, take the advice of your market expert.)