The flagship of the Adani Group won general bids for five.1 crore stocks, in opposition to the be offering measurement of four.6 crore stocks, on January 31, the 3rd and ultimate day of retail bidding, representing a 112% subscription. This excludes the Rs 5,985-crore anchor e-book, part of the Qib portion, that was once totally subscribed an afternoon earlier than the FPO had opened on January 28.
The prime networth folks’ (HNIs) portion was once subscribed 332%, with bidding for three.2 crore stocks, in opposition to the 96 lakh stocks that have been reserved for this class. Within HNIs, the phase reserved for extremely HNIs was once subscribed just about 5 occasions, which incorporated circle of relatives places of work of India Inc, marketplace assets mentioned. Retail buyers and AEL staff’ classes have been subscribed 12% and 55%, BSE information confirmed. There was once a muted reaction from retail buyers as AEL’s inventory was once to be had under the FPO worth band of Rs 3,112-Rs 3,276 a proportion, marketplace watchers mentioned. AEL had introduced a bargain of Rs 64 to retail buyers. On Tuesday, the AEL inventory on BSE closed at Rs 2,975, up 3.4% over the former shut however nonetheless at a 4% bargain to the decrease band of the FPO worth of Rs 3,112.
New Delhi: Mumbai: Support from prime networth buyers ensured India’s greatest follow-on public providing (FPO), the Rs 20,000-crore Adani Enterprises’ (AEL) factor, completed complete subscription at the closing day of bidding. However, there was once a tepid reaction from retail buyers and staff.
The flagship of the Adani Group won general bids for five.1 crore stocks, in opposition to the be offering measurement of four.6 crore stocks, on January 31, the 3rd and ultimate day of retail bidding, representing a 112% subscription. This excludes the Rs 5,985-crore anchor e-book, part of the QIB portion, that was once totally subscribed an afternoon earlier than the FPO had opened on January 28.
The prime networth folks’ (HNIs) portion was once subscribed 332%, with bidding for three.2 crore stocks, in opposition to the 96 lakh stocks that have been reserved for this class. Within HNIs, the phase reserved for extremely HNIs was once subscribed just about 5 occasions, which incorporated circle of relatives places of work of India Inc, marketplace assets mentioned. Retail buyers and AEL staff’ classes have been subscribed 12% and 55%, BSE information confirmed. There was once a muted reaction from retail buyers as AEL’s inventory was once to be had under the FPO worth band of Rs 3,112-Rs 3,276 a proportion, marketplace watchers mentioned. AEL had introduced a bargain of Rs 64 to retail buyers. On Tuesday, the AEL inventory on BSE closed at Rs 2,975, up 3.4% over the former shut however nonetheless at a 4% bargain to the decrease band of the FPO worth of Rs 3,112.