Adani Enterprises FPO: Institutional, non-institutional portion almost fully subscribed

BL Mumbai Bureau Updated - January 31, 2023 at 02:08 PM.
Vijay Soneji | Photo Credit: VIJAY SONEJI

Adani Enterprises’ follow-on offering has been subscribed to the extent of about 62 percent as at 1.44 pm exchange data showed, with subscriptions from institutions and non-institutions speeding up through the day.

The book for qualified institutional buyers and non-institutional investors were close to being fully subscribed

Retail investors are still staying away and that portion of the book shows only an 8 per cent subscription.

On the bourses, Adani Enterprises was trading at ₹3,058, up 5.7 percent on the NSE, while Adani Ports, Adani Transmission, Adani Green were all gainers. Adani Wilmar and Adani Total were still in the red.

Published on January 31, 2023 08:37

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