Adani Enterprises Ltd announces launch of initial public offering
Adani Enterprises Ltd. has announced public offering of 61050061 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 3,275.00 per share. The gross proceeds of the issue are expected to be Rs 20,00,000.00 lakhs. The company's initial public offer (IPO) will open on 27 January 2023 and is expected to close on 31 January 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 3,112.00-3,276.00 per share. The IPO includes a fresh Issue of 61050061 Equity Shares of the Company at an price of Rs 3,276.00 per Equity Share.
The company has fixed the minimum bid lot for the issue at 4 shares with bids in multiples of 4. Adani Enterprises Ltd. anticipates using the proceeds of the issue for . ICICI SECURITIES LTD,Jefferies India Pvt. Ltd.,JM Financial Ltd.,SBI Capital Markets Limited,IDBI Capital Markets & Securities Limited,BOB Capital Market,Axis Capital Ltd.,Elara Capital (India) Pvt. Ltd.,Monarch Networth Capital Ltd. as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.
