The ₹20,000 crore FPO (Follow-on Public Offering) of Adani Enterprises Ltd was fully subscribed on the final day of the offer Tuesday, January 31.

FPO of Adani Enterprises was subscribed 1.12 times on Final Day.

Corporates and foreign investors showed good interest in FPO.

Domestic institutions, including mutual funds, and most retail investors stayed away from the FPO as the issue price was above the Adani Enterprises stock price.

The price range of Adani Enterprises FPO was Rs3112 - Rs3276.

The closing price of Adani Enterprise was 2,973.90 on January 31, 2023.

US short seller Hindenburg Research released its report on Adani group just before the FPO date. 

Disclaimer: Views expressed in this content are strictly for educational purpose and do not provide any advice/tips on Investment or recommend any Buying or Selling any Stock. Admotag Finance neither take guarantee of profit nor stand responsible for any losses of any recipient. The recipient of this material should take their own professional advice before acting on this information.