Adani Enterprises to Launch India's Biggest FPO on Jan 27.
Should You Invest?
Follow on Public Offer is a process by which a listed company issues new shares to investors to raise additional funds or diversify equity base.
What is FPO?
FPO dates - Jan 27-31.
FPO price band - Rs. 3,112-3,276. That's a discount of Rs. 64 per share vis-a-vis current market price.
Rs. 20,000 crore FPO
Adani Enterprises plans to use the FPO proceeds to:
a. repay debt &
b. meet capital expenditure for group's airport and green energy projects.
Why is Adani Opening FPO?
Adani group stocks have performed exceptionally in 2022. 4 out of 7 Adani group stocks have been multibaggers in 2022.
Adani's Stock Performance
Adani enterprises stocks have already risen significantly in 2022. Since the group has substantial debt levels, investors should tread carefully in this FPO.
Should You Invest in This FPO?
Click Here to Read - Details of Adani Enterprises FPO