The Adani Enterprises FPO was fully subscribed on its last day, which is 31 January, Tuesday. Amid all the ruckus and controversies going on between the Adani Group and Hindenburg Research, investors believed that Adani's FPO will fail terribly and we even saw how bad the FPO was performing till now. But surprisingly enough, the FPO of Adani Enterprises has been fully subscribed! Forget being fully subscribed, there were bids that even crossed the total number of follow-up shares issued by Adani Enterprises. The total number of shares issued was 4.55 crores, while the investors have placed bids for 4.62 crore shares. This data was given by the Bombay Stock Exchange, so it's bound to be correct. But how is it even possible?
Do you think Adani's shares will bounce back? Will Adani recover from all the losses incurred within these few days? We do not know anything as such right now. But it is really a surprise to see how the entire Adani Enterprises FPO which was almost dead, performed so well on the very last day of its issue. What do you think of it?
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Adani has finally bitten the dust.
bikidas2060 wrote:Watched a YT video where the person said that Adani owns the majority of all of his companies' shares. So if he doesn't sell them, then the prices of all Adani shares may not go below a certain price. What do you think about this?Adani has finally bitten the dust.
Sahil_Jain wrote:Could you please share the link of that video, bhai?
Watched a YT video where the person said that Adani owns the majority of all of his companies' shares. So if he doesn't sell them, then the prices of all Adani shares may not go below a certain price. What do you think about this?
bikidas2060 wrote:Sure
Could you please share the link of that video, bhai?
Sahil_Jain wrote:Arey bhai, wo agar itnaa jankaar hota wo ek finance firm kholke naa baitha hota? Promoter hi saath chod de toh company toh niche jaega naa. Ab weekly n daily support acha hai. Lets see, what happens.
Sure
bikidas2060 wrote:Yup, Adani's position is really confusing now for everyone. Let's wish for the best.
Arey bhai, wo agar itnaa jankaar hota wo ek finance firm kholke naa baitha hota? Promoter hi saath chod de toh company toh niche jaega naa. Ab weekly n daily support acha hai. Lets see, what happens.
From a distance, the Adani FPO looks shady. The FPO was priced at 3276 per share but at the same time, the same share was trading below 3000 for an entire week. Dont know why retail investors or institutions are investing in Adani via its FPO when they can buy it from the market at a lower price.
VR_Rahman wrote:From a distance, the Adani FPO looks shady. The FPO was priced at 3276 per share but at the same time, the same share was trading below 3000 for an entire week. Dont know why retail investors or institutions are investing in Adani via its FPO when they can buy it from the market at a lower price.
Liquidity crunch. 🙂
Sahil_Jain wrote:
Yup, Adani's position is really confusing now for everyone. Let's wish for the best.
Confusing nai bhai. Support me tik gaya toh mast. Support me tika nai toh dhadam. 🙂
VR_Rahman wrote:No doubt about it. There is definitely something really wrong with Adani and its FPO too.From a distance, the Adani FPO looks shady. The FPO was priced at 3276 per share but at the same time, the same share was trading below 3000 for an entire week. Dont know why retail investors or institutions are investing in Adani via its FPO when they can buy it from the market at a lower price.
VR_Rahman wrote:Bro.. Adani FPO looks shady because their whole group is shady.From a distance, the Adani FPO looks shady. The FPO was priced at 3276 per share but at the same time, the same share was trading below 3000 for an entire week. Dont know why retail investors or institutions are investing in Adani via its FPO when they can buy it from the market at a lower price.
Sahil_Jain wrote:yes adani and fii/dii holds 98% shares of adani groups but still its falling like there is no tomorrow, if I'm not wrong historically any stock which falls 30% in a day never recovered to its high level ever
Watched a YT video where the person said that Adani owns the majority of all of his companies' shares. So if he doesn't sell them, then the prices of all Adani shares may not go below a certain price. What do you think about this?
FPO is cancelled, adani will return FPO money to investors
Jarvis.-. wrote:This can be a step to maintain people's trust in the company but not sure if it's effective or not.FPO is cancelled, adani will return FPO money to investors
Sahil_Jain wrote:News leak ho gyi na ki sab mile hue hain.. so reverse kar lia.. politically not acceptable.
This can be a step to maintain people's trust in the company but not sure if it's effective or not.
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