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Adani Enterprises FPO: Issue fully subscribed on the last day with NII push

Adani FPO: The interest from retail individual investors has been low, with only 11 per cent quota subscribed

Photo: Bloomberg
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Photo: Bloomberg

BS Web Team New Delhi
The Follow-on Public Offer (FPO) of Adani Enterprises was fully subscribed on January 31, 2023, the last day of subscription, according to data on BSE. The highest interest was seen from the Non-Institutional Investors (NIIS), who have subscribed to the issue 3.26 times their quota. According to the company's announcement, the NII portion got bids amounting to 31.3 million shares, and the highest contribution has been by family businesses of ultra-high-net individuals (UHNIs). This includes names like Ambanis, Sajjan Jindal, Sunil Mittal, Sudhir Mehta and Pankaj Patel.

The interest from retail individual investors (RIIs) has been low, with only 11 per

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First Published: Jan 31 2023 | 1:12 PM IST

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