Adani Enterprises Limited FPO Message Board (Page 36)

Dear expert
इस एफपीओ में 50% कॉल ऑप्शन हे।क्या अलॉटमेंट के बाद लिस्टिंग डे को अपने अलॉट हुए 4 सैयर सेल कर सकता हे या नही अगर हां तो उनकी पेमेंट केसे आयेगी प्लीज क्लेरीफाई

Very rare chances of discount listing!
Should get bumper response as it’s made several millionaires. One of the most fav. group of investors as the Adani group has been the BEST wealth creator of India! It has never disappointed its investors.

I will be applying FF here. Will keep share worth my profits for long term and sell rest on listing to release the capital. 🙏🏻

Singhji,
I am also a fan of Adani brand. But how do you rate it at its present valuation? It has swelled many fold in last 1 or 2 years, which raised the eyebrows of many experts 🤔. It went on with the momentum... got corrected a bit in the recent past. What is your projection for a horizon of next 1 or 2 years. Will it become another RIL, a lazy elephant, which doesn't move either way?

@Imhilliji,
Adani is for sure in overvalued territory and it needs to consolidate at group level (almost all the adani stocks are overvalued) and that’s the reason why I said, I will take exit and keep only profit equivalent shares for long term.
20K Crores is a huge chunk and it will affect the overall liquidity too. So we can’t deny a sharp decline of share price post listing. It has recently moved significantly when all other leaders were consolidating or even correcting so better to calculate risk and then jump into any conclusion - for how much shares you need to apply etc.

Hope this helps 🙏🏻

See the share holding pattern of public in Adani Enterprises. You will understand how the price may be rigged or managed. Very small portion is available in delivery trade.

Chittorgarh Team clarify the note about ADANIENT corporate announcement...?
Note: On Application, Bidders in the Offer will have to pay such amount per FPO
Equity Share which constitutes 50% of the Offer Price per FPO Equity Share and the balance amount per FPO Equity Share which constitutes 50% of the Offer Price per FPO Equity Share, will have to be paid, on one or more subsequent Call(s), as
determined by our Board or a committee thereof at its sole discretion.

Can someone please guide.
In a partly paid. If I sell my share (50%) before the call.

Will I still get the call option?

And will the partly paid also applicable for hni?

@arunARUN thank you. I am clueless when it comes to call and etc.

Another question. What if I sell 49% of my holding. Since I have 1% will I be allowed for call?

you will get calll pnly for that 1 percent. related to your holding

I am rarely tracking Adani shares but I am a bit confused. If we take Jun'22 and sep'22 profits and annualize them, then the EPS comes to about 18 and the current price of 3600 translates to a PE of about 200. Do we expect the profits to grow 10X so we come to a reasonable PE of 20?

Aah, this stock market, it drives me crazy...

Bengal and Assam company

@ arun , you are trying to compare big cat tiger with kitten. Bengal assam can be a holding company but the very well known adani is the original operating trading company.

At the time of adani Wilmar ipo i had purchased 1 share of AE at price of 1700 something to be eligible for shareholder quota
Almost double after adani wilmar ipo

@JAI JAI GARVI GUJARAT, exactly same, I have also bought 1 share of AEL before AWL IPO for shareholder quota

I also purchased 3 AEL shares during AWL IPO AR rs 1400 in 3 accounts.. sold them at rs 3900 each.. I will purchase 4 shares again this fpo in 1 account...

We have seen the Mega ipo of LIC which gathered 21000 Crores and now Adani 's 20000 crores issue in the market.
The discount of Rs. 45 to the retailers were one of the reasons for subscription of the issue in LIC ipo.
Adani also know how to get good subscription, so they are also giving discount and giving the options to pay later for the shares. Hence these 2 points will sail this issue too and will works for them. But one may have to think that on getting the discount we may not loose our principal amount as we have seen in many cases. Secondly it's very very difficult to have good gain on highly priced issues. On the issue price of Rs. 3276/ the gain of Rs. 200-300 ( max) is possible which also looks difficult in short term. So per lot only 600-800 gain is possible and at the same time if market sentiment affectd can give loss too. So chances of getting good gain is very less but the allotment chances are bright in this FPO in short term. This share can give good returns in the longer run but at present it's really very fruitful to the promoters . It may also happen to get this share on discount price from the open market if market conditions gets worst.
So let's see and will decide accordingly.
Read everything but act as per your mind.

There will be 2 scripts, 2 ISINs. 1st for existing fully paid up shares and 2nd for partly paid up shares. If fully paid shares are traded at 3500 (say) and in partly paid there is a call pending of 1600 (assuming 50% of 3200), then partly paid shares will be traded at 3500 - 1600 = 1900.

Above message is for Mahismati.

Most of the boarders apprently not noticed partly paid nature of this FPO
So your original outgo is 4 into 3276 into 50 percent which equals to just Rs 6552. Which suggests that this issue may see bumper applications

It is something similar to trade of Reliance PP (partly paid) or Airtel PP (partly paid). Normally they run at premium to acccount for interest saving

@ Gaurav , 50% of 3200 OR in other words 100% of 50% paid.i.e 1600. we can sell it just like any IPO on or after listing. If it lists at 1650 you can sell it if you want to book 50 Rs. profit. There will be another separate quotation for the partly paid securities. Separate ISIN number and separate code. For eg , check suzlon and suzlonpp quotations. Suzlon had asked for only 50% as of now for its rights issue. Rights issue was priced at 5 Rs. but suzlon had asked to block only 50% at the time of subscription. i.e 2.50 Rs.

@ arun , 50% outgo doesn't mean bumper applications for 10,000 crore issue size FPO. Don't forget that even employees category was under subscribed in adani wilmer IPO which came with merely 3600 crore issue size. QIB & RII subscription was also in single digit. It's too early to assume too much.

Is there any shareholders quota? Generally most FPOs have it, however could not find in this one?

No quota. But retail bucket and HNI bucket is very large. Apply as much as you want

This time Linkintime will give firm allotment to all applicants in 20,000 crore high debt ridden adani FPO.

Last time KFin had given firm allotment to all the 3 categories namely RII ( 0.47x ) , NII ( 0.63x ) & employees ( 0.32x ) in 15,000 crore NPA mounted Yes bank FPO during 2020 bank crisis.

YBL hired 8 LMs while adani hired 10 LMs.

@ arun , it seems you are are only jumping gun of the forum. I have not mentioned the word IPO anywhere in the whole post above. The word KFin I have used for the registrar , not for KFin IPO and that anybody can understand after reading the post. I still don't know what , where , why and how are comparing and understanding. Also fyi I have not recommended whether applying this FPO is a good deal , average or best. So don't get confused.

@svh
I read wrong Kfin role as a registrar. So stands corrected.
However assumption that this issue will be undersubscribed in retail, HNI and employee category is yet to be seen. There is no back drop equal to Yes Bank March episode when RBI intervened.
Any way time will tell
On another note registrars only processs the demand. They dont allot

As per chittorgarh site one has to pay full amount thus pp is not feasible. And also discount of 64 is to be deducted while applying by retail or not .
Also what is applicationwise rate .
Txs in adv

Please see my other post copy paste from BSE website. It is partly paid and this website has got it wrong for time being

Bidding details 👇

@arvind
In that case retailer will get only 4

RII 4
HNI 64

Copy paste from following link
a. Approving the Floor Price of the Offer to be ₹ 3,112/- per FPO Equity Share and the Cap Price of the Offer to be ₹ 3,276/- per FPO Equity Share for all categories of investors;
b. Approving the discount of ₹64 per FPO Equity Share for Retail Individual Investors Bidding in the Retail Portion of the Offer; and
c. A minimum bid lot of four FPO Equity Shares and in the multiples of four FPO Equity Shares thereafter.
Note: On Application, Bidders in the Offer will have to pay such amount per FPO Equity Share which constitutes 50% of the Offer Price per FPO Equity Share and the balance amount per FPO Equity Share which constitutes 50% of the Offer Price per FPO Equity Share, will have to be paid, on one or more subsequent Call(s), as determined by our Board or a committee thereof at its sole discretion.

Link

https://www.bseindia.com/xml-data/corpfiling/AttachLive/372e7564-839a-47d2-8a86-834217b3a190.pdf

I think it will oversubscribed in retail category.
Retail investor can get maximum 2 lots only.
So apply as much as possible via retail or HNI.

Any gmp
Rate
Application wise

in FPO there won't be any GMP

you can calculate GMP, CMP (3596-3276) = 320 today, will go down tomorrow.

Txs for reply .
Someone told that there is partly paid up clause also .
Imo only full amount to be paid alongwith appl.
Also what should be strategy because in retail appx 45lacs app Required for 7000 cr. Which is not possible at all in current situation.
Pl guide

@Team Chittorgarh
Please confirm, there is discount of Rs. 64/- per share to retail catagory

Confirm as per company notice to BSE

1. Is FPO same as IPO?
2. If you are allotted shares at 3276 and for e.g. Adani Enterprices share price is 3500 at that time then you can simply sell it out?

Are there any other change in FPO v/s IPO?

Conceptually no difference between IPO and FPO. However one big difference here is partially paid share with different ISIN. You can not sell Adani Enterprise shares and give delivery of these share.
Similar large case is Suzlon and Suzlon PP (partly paid)
While they may move in similar direction but difference may not work out that way
On positive note you are saving interest on 50% of investment. SO if they call balance 50% money at end of the year you also get benefit of Rs 160 odd (10% interest pa assumed which is very reasonable for equity market player)

@ Krishna Ji ,
Let me try. IPO is Initial Public Offer while FPO is Follow-on Public Offer. As the name suggests raising money for the 1st time from primary market is IPO while any already listed limited company raises any additional capital subsequently is called FPO. Eg : Adani , yes bank , ruchi soya which is now patanjali , DJ Media etc. Here in all cases you have to pay full payment like IPO. There is no provision to pay partly like Right Issue ( RE ). In Rights Issue , company ask to make payment in parts. For Eg , in the recent right issue of suzlon , company asked to block only 50 % to those who are entitled. There are different quotations on the stock exchange. suzlon & suzlonpp ( PP - Partly Paid ). To be eligible for right issue , investor should have shares of the respective company or rights entitlement on the record date. Not exactly but this is something like shareholder quota in IPO for comparing and understanding the RE ( Rights Entitlement ) concept.

@Team Chittorgarh
Please correct figures of application amount for retail investors. There is discount of Rs.64/- per share to retail catagory

In few days it will reach to fpo price.
Not satisfied
Discount of 9 to 11 % as on today
Size of 20000 cr
Let's focus on SMEs.