Adani’s The Rs 20,000-crore follow-on public offer (FPO) witnessed muted demand from all categories of investors on the first day due to heavy selling in the group’s listed shares following the Hindenburg Research allegations. Adani’s shares will be in focus on Monday. Adani Enterprises, the flagship company of the group, launched the FPO on January 27 and will close on January 31. Price band has been fixed for the issue 3,112 more 3,276 per FPO equity share, which is at a discount to the current market price levels.
First day of FPO!
On the first day of the issue, Adani Enterprises registered bids for only 4,70,160 equity shares on a cumulative basis against the offered size of 4,55,06,791 equity shares, as per BSE data.
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