Adani FPO subscribed despite ₹5.58 lakh crore market cap loss
Adani FPO sails through on the back of strong demand from institutional investors and ultra high networth individuals.
Adani FPO sails through on the back of strong demand from institutional investors and ultra high networth individuals.
Billionaire Gautam Adani-led company has fixed FPO floor price at ₹3,112-3,276 per share, and a discount of ₹64 apiece for retail investors.
The board of Gautam Adani’s flagship firm will meet on November 25 to take a final call on issue size of the follow-on public offering.
This comes after the company's board approved a red herring prospectus (RHP) for its follow-on public offering (FPO) worth ₹4,300 crore.