Adani Enterprises FPO Fully Subscribed! Check Status Here with GMP & Price

The Adani Enterprises FPO is fully subscribed on its last day. For the first two days, the Follow-up Public Offer by Adani Enterprises kept struggling and it was subscribed just 0.1 times its value of Rs 20000 crores. But today, on 31 January, the Adani Enterprise FPO was fully subscribed and it has definitely come as a shocker for everyone. Even with the ongoing controversy with Hindenburg Research, Adani's FPO managed to stand tall. Investors applied for 4.62 crore shares out of the total 4.55 crore shares issued by the company. The FPO by Adani Enterprises was the biggest FPO in India with a total value of Rs 20000 crores.

The Adani Group is India’s one of the biggest companies and it really doesn’t need more of an introduction. We all know how its Chairman and Founder, Mr. Gautam Adani has climbed up the ladder of the wealthiest people in the world so quickly. But you can’t invest your hard-earned money in a company by just knowing its name, right? Also, Hindenburg’s Report and Controversy with Adani have created a huge panic in the Indian stock market. All the shares of the Adani group like Adani Power, Adani Wilmar, Adani Enterprises, etc. saw a sharp fall in their prices thanks to the report by the US-based investment research firm.

The Adani Enterprises FPO was fully subscribed today on its last day. With such a dramatic conclusion, Adani's FPO managed to see a good ending and this may work in the favour of the company. Though, the fact that the entire FPO got subscribed just on the last day will also raise many questions and doubts among the investors and higher authorities. Do you think this was an unethical market practice or just the investors' trust in the Adani group? 

The Adani group has been one of the biggest players in the Indian markets for so long and it is a huge part of the Indian economy now. Also, the prices of all the shares of the Adani group- Adani Enterprises, Adani Ports, Adani Power, Adani Wilmar, Adani Total Gas, Adani Green, and Adani Transmission, have been increasing rapidly since 2021. Many investors have made a good fortune thanks to all these shares but now that Adani seems to be struggling, there is a huge tension in the market.

The price band set for the Adani FPO is Rs 3112 to Rs 3276. Each lot of the Adani Enterprises FPO has 4 shares and the total value of this FPO is Rs 20,000 crores. It is the biggest FPO in India yet and that can be seen with that huge amount too. Refer to the table below for more information about the Adani FPO:

Did you notice the price band of this FPO of Adani? The minimum price that an investor needs to pay here is Rs 3112 per share. Now, what’s the current share price of Adani Enterprises?

If you need the answer in one word, it is a big ‘NO’. You should not apply for Adani’s FPO now as things are going really wrong for the Adani Group. Not just the report of Hindenburg Research, but also the current share price of Adani Enterprises is just Rs 2928 as of 30 January, Monday. So if you apply for Adani’s FPO now, you will have to pay way more for the same share that you can directly buy from the stock market easily at a better price.

Even though Adani Enterprises is generous enough to give a discount of Rs 64 to all retail investors, it’s still not a suitable option for us investors. But what if the Adani Group decides to reduce the price of their FPO? Yes, after following some legal procedures, the price of Adani Enterprises’ FPO can be reduced by 10%, which would be a much better option than what we have right now. But even then, we first have to see how Adani’s shares perform now as if the prices of Adani’s shares keep on decreasing, there will not be any reason for investors to consider investing in Adani Enterprises. What do you think will happen next?

This is everything that you need to know about the Adani FPO right now. Here, we talked about the Adani Enterprises FPO’s GMP, subscription status, prices, dates, and other important things too. But if you think that we missed something, do not hesitate to ask us your questions in the comments section. Also, what do you think about the current situation? Will the Adani Group rise again? Let’s take the discussion to the comments section.

Last Updated: 31 January

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