615. MAMU| Link| Bookmark|
February 1, 2023 9:34:28 PM
IPO Guru (1700+ Posts, 1100+ Likes)
Khel khatam Tata Bye bye See you 🙏
614. arunARUN| Link| Bookmark|
February 1, 2023 9:31:48 PM
IPO Guru (1900+ Posts, 1600+ Likes)
BSE item
Adani Enterprises Limited Stands by its Investors Ahmedabad, 1 February 2023: The Board of Adani Enterprises Ltd., (AEL) decided not to go-ahead with the fully subscribed Follow-on Public Offer (FPO). Given the unprecedented situation and the current market volatility the Company aims to protect the interest of its investing community by returning the FPO proceeds and withdraws the completed transaction. Gautam Adani, Chairman, Adani Enterprises Ltd said, “The Board takes this opportunity to thank all the investors for your support and commitment to our FPO. The subscription for the FPO closed successfully yesterday. Despite the volatility in the stock over the last week, your faith and belief in the Company, its business and its management has been extremely reassuring and humbling. Thank you. However, today the market has been unprecedented, and our stock price has fluctuated over the course of the day. Given these extraordinary circumstances, the Company’s board felt that going ahead with the issue will not be morally correct. The interest of the investors is paramount and hence to insulate them from any potential financial losses, the Board has decided not to go ahead with the FPO. We are working with our Book Running Lead Managers (BRLMs) to refund the proceeds received by us in escrow and to also release the amounts blocked in your bank accounts for subscription to this issue. Our balance sheet is very healthy with strong cashflows and secure assets, and we have an impeccable track record of servicing our debt. This decision will not have any impact on our existing operations and future plans. We will continue to focus on long term value creation and growth will be managed by internal accruals. Once the market stabilizes, we will review our capital market strategy. We are very confident that we will continue to get your support. Thank you for your trust in us.” About Adani Enterprises Ltd Adani Enterprises Limited (AEL) is the flagship company of Adani Group, one of India’s largest business organisations. Over the years, Adani Enterprises has focused on building emerging infrastructure businesses, contributing to nation-building and divesting them into separate listed entities. Having successfully built unicorns like Adani Ports & SEZ, Adani Transmission, Adani Power, Adani Green Energy, Adani Total Gas and Adani Wilmar, the Company has contributed significantly to make the country self-reliant with our portfolio of robust businesses. This has also led to robust returns to our shareholders. The next generation of its strategic business investments are centered around green hydrogen ecosystem, airport management, roads, data center and primary industry like copper and petrochem all of which have significant scope for value unlocking.
IDK.. on what basis Dilip Davda ji gave apply rating to this junk FPO.. many members here follow him blindly especially new comers . He should be more mindful and prudent while giving any call after all it's a matter of hard earned money.
612.1. PeterEngland| Link| Bookmark|
February 1, 2023 1:45:50 PM
Top Contributor (200+ Posts, 100+ Likes)
Yeah, I've too noticed the same, his shrewdness while reviewing SME IPO's was nowhere near in this FPO. He must've decided to remain in good graces of the boss man.
612.2. aRYANrAJ| Link| Bookmark|
February 1, 2023 1:48:43 PM
Top Contributor (600+ Posts, 100+ Likes)
Capital market gave it a junk rating, worst I've seen ever, just 28/100. But interestingly CM review and recco was missing on cg. Vested interest may be.
@Noorul, What was your opinion when this FPO was announced and thereafter ? Were you expecting such a crash before the reports? As far as the rating to apply by Mr. D D, he is doing a business. Businessman think about his profit and loss. He has to servive in the market and live his beautiful life. Not blaming him and no use to blame.
612.5. Smile✍️| Link| Bookmark|
February 1, 2023 5:49:29 PM
IPO Guru (1600+ Posts, 900+ Likes)
@noorul sir. Buy rating of @dd sir n other experts at LIC n ADANI is just their Vulnerability or helplessness. We must consider it. They not having courage to say NO to big power.
@Noorul Sir Sorry for the different topic Are you still holding All e tech Please share your views! Though having good financial, still moving downwards
@ PkRaj.. I didn't gain enough confidence about this Fpo.. ones PB was announced. It wasn't attractive and size wise massive. I sold all BHNI application that time and later all that mishappening occurred in Adani Empire and I then I refused to apply the applications.
Although broker told company will compensate the loss in case if any. But I estimate that loss could be around 2-3 lakh on per BHNI application. Hence completely skipped it. Now feeling on safe side after todays bloodbath.
@ Jai: In AllE my stop loss hit near 120rs. Now a days it's better to set a stop loss in SME company as we can't predict there bottom... Because as the time passes on liquidity totally dired up in SME segment... And many SME company don't perform on screen after having all the positive points. AllE is a excellent company but failed to perform.. that's how SME works.
Apply call on such a disgusting FPO. Loosing there credibility.
Itni Negativity kahan se laate hain ? Isme russia Ukrain kahan se ghus gaya ? Adani ne game plan banaya tha jo ab fuss ho gaya . Bas itni si kahani hai
609.2. Nothing New| Link| Bookmark|
February 1, 2023 7:22:38 PM
Top Contributor (600+ Posts, 100+ Likes)
check this article from ET. On Tuesday Credit Suisse upgraded Adani Ports to Outperform and on Wednesday they stopped accepting the security as collateral. What can this mean?
609.3. Nothing New| Link| Bookmark|
February 1, 2023 7:35:33 PM
Top Contributor (600+ Posts, 100+ Likes)
This is from Business today. The curious case of Credit Suisse. This is not normal. This happened on the instructions of someone very powerful. But nobody will question Credit Suisse,
609.4. Nothing New| Link| Bookmark|
February 1, 2023 7:48:12 PM
Top Contributor (600+ Posts, 100+ Likes)
Switzerland ke banks duniyabhar ke black money ke custodians hai. Pablo Escobar tak ka paisa waha tha. To aise banks dusro ko rate kis binah par kar rahe hai? Baaki Adani ki case kuch bhi ho par aaj outperform aur kal Junk ye baat kuch hazam nahi hui.
608. SSingh| Link| Bookmark|
February 1, 2023 7:44:09 PM
IPO Guru (1400+ Posts, 800+ Likes)
‘Adani Fiasco’ Jitna asan lag raha hai utna hai nahii…
Isme kaun kaun involve hai, kahan kahan negotiations ho rahe hai, kya actual reasons hain, ye sab pata laga paana ek aam investor ke bas ki baat nahii.. so let’s stop the guess work.
Isliye aap sabse nivedan hai ki ‘Yahan gyan na baatein, yahan sabhi gyani hai’ - Kripya is baat ka chintan karein aur apne man gadant sujhaab aur analysis de deke CG forum ko spam na karein..
Same messages, quotes like maine ye bola tha ab dekho, ye targets hain, ye sab na karein.. we already have hundreds of such messages. So please let’s take a break from unnecessary discussions.
Jai Hind 🙏🏻🙏🏻
607. Imhilli| Link| Bookmark|
February 1, 2023 5:21:07 PM
IPO Guru (1200+ Posts, 700+ Likes)
Where it will stop?
607.1. Nothing New| Link| Bookmark|
February 1, 2023 5:51:08 PM
Top Contributor (600+ Posts, 100+ Likes)
Hindenburg wins.India is sinking. This collapse will trigger bigger collapse. Banks LIC everything will be affected. India already out of 5 big markets list.
Lic aur banks ko kuch fark nahi padega 2 group ko mainly fark padega pehla to adani group aur dusra Adani ko support karne vala pesudo nationalist group adani ke alawa India bohat bada hai inke jaise fraud pehle bhi aaye aur Gaye India ko ghanta fark nahi padta india's growth will remain intact.
Yesterday, I bought Adani Enterprises Shares worth Rs.38779 (@Rs.2983 per share) considering FPO is fully subscribed so it could bounce back to 3500 till listing. today i lost 11000 in just a day..😓 and it's huge for me
606.6. Shy| Link| Bookmark|
February 1, 2023 2:45:24 PM
Top Contributor (500+ Posts, 200+ Likes)
Brother, You could have wait/watch and then after few days could have decided. REMEMBER : Not making money is better then making loss. but you can't change the past, can wait now for a while it may bounce back. again decision is yours
Now stock is under operators hand may be volatile in coming days it can go in any direction depending on news
If you can play intraday volatility (will be very very risky for wrong direction & circuits), cover your loss, otherwise keep some strict stoploss as per your risk apetite.
They have nothing to do with current price they have collected money and will issue shares @ FPO price only
605.4. DuckkyDuck| Link| Bookmark|
February 1, 2023 2:19:30 PM
Top Contributor (200+ Posts, 200+ Likes)
Very intresting point raised. Techinically yes, if main share price go below 1638, Partially paid should be Zero. There should be a difference maintained of 1638 between main nd partially paid share. So if main share price is say 2000, then pp price should be 362 and so on. I dont think main share can go dwn to 1638 though. So techically its possible to go to 0 but i dont think practically it will happen. Rather i should say, Gautam Adani wont let it happen.
605.5. Shy| Link| Bookmark|
February 1, 2023 2:55:10 PM
Top Contributor (500+ Posts, 200+ Likes)
It may bounce back from 2000/-
605.6. Imhilli| Link| Bookmark|
February 1, 2023 3:26:44 PM
IPO Guru (1200+ Posts, 700+ Likes)
It will be half of the fully paid one
605.7. DuckkyDuck| Link| Bookmark|
February 1, 2023 4:19:22 PM
Top Contributor (200+ Posts, 200+ Likes)
crsl, Imhilli - Sorry to say but you dont understand the concept of PP shares. It WILL NOT be half price of main share. There will rough price difference of 1638 between PP and main share. if main share is X then PP will be X-1638(roughly) This 1638 difference is because, a PP share investor will have to give another 1638rs (call money) on a future date(when adani decides that). Once they give this 1638rs, PP share will become fully paid share. This amount is constant. Till that time PP share will move with main share with a difference of ~1638. Say main share is 2000. So PP share will 362. On next day say main share moves up by 100 points(gain 5%) then PP share will also move by 100 points (gain ~30%) and will become 462. This is how PP shares works. You check current example of Airtel shares. It has main and PP shares. I know even after this explanation you won't accept that this correct. But after few days of listing you will understand. But yes listing doesn't depend on main share. It depend on demand supply and on what Gautam Adani wants it to be listed. So doesnt mean if main share closes at 2000 so listing will happen at 362. No it will not. Listing can happen at 900 as well. But then either pp share will fall or main share will go up.. to maintain the distance of 1638.
If a shareholder owns partly paid shares, he or she must pay the REAMAINING ISSUE PRICE at the company’s request.
Whatever the main share price, call money is unpaid amount of the issue price & not difference of cmp. On call eligible shareholder have to pay the issue price difference (depending on call, it may first or second or final)
Eg. In current case, consider shares allotted @ upper band i.e. 3276
Paid amount at the time of issue is (for 1 lot i.e. 4 shares) - 6424 [(3276 - 64) *4 / 2]
Consider if on march 15 they demands final call money Suppose main share price trading @ 1000 or even 5000 Still call money amount will be - 6424
605.9. DuckkyDuck| Link| Bookmark|
February 1, 2023 6:14:55 PM
Top Contributor (200+ Posts, 200+ Likes)
crsl - Thats what i am saying. Owner of PP will have to pay 1638 irrespective of price. And due to this, PP and main share will have a rough price difference of 1638 at any given time. If main share is trading as 1000 or even 5000, call money amount will be 1638 per share. So if main share is 1000,PP share will at -638[minus 638 or technically 0] If main share is at 5000 so PP will trade at 5000-1638=3362
In the given case..price will be equal to fair value of call option of per share price with some assumption of period when company may demand part payment. This may come around Rs 400 per share given the volatility of share price.
@Smart Indian Investor Sorry to say that you are talking like a little child. No not at all. No there is no provision to cancel any fully subscribed FPO/IPO. Forget about this FPO. Think of listed securities of Adani Group and the market conditions tomorrow.
602.2. M Gupta| Link| Bookmark|
February 1, 2023 4:52:31 PM
IPO Guru (1000+ Posts, 3100+ Likes)
yes, you can. you should register on sebi SCORES portal. login and submit your complaint that some points were missing in DRHP and RHP. therefore every retail applicant should be given an option to withdraw. The same has happened in many IPOs earlier.
@M Gupta, Here the question from @Smart Indian Investor was to "Cancell Adani FPO" and not any option to retailers to withdraw. So my answer was to his question. You may read his query again and reply accordingly if you think so.
Uske pehle retailer ko 1600-1800 ke bhaav mein dump krenge.
Retailer will think PP shares 300 mein mil rha h le lete hai Uske baad that 300 will become 0 in 2 days
Fir below 1000 rhega. No one will respond to call for paying remaining amount of pp shares 10 k crores jisne bhi pay kiya h they have become partners of ….
In the end, they will apply for delisting
601.6. Nothing New| Link| Bookmark|
February 1, 2023 5:32:51 PM
Top Contributor (600+ Posts, 100+ Likes)
@nativa Why ttm eps? They have some businesses in a nascent stage. Itne bade bade infra projects hai, green hydrogen hai Uski value? Zero?
इनकम टैक्स के झंझट से मुक्ति सात लाख तक टैक्स फ्री।
599.1. Nothing New| Link| Bookmark|
February 1, 2023 5:18:33 PM
Top Contributor (600+ Posts, 100+ Likes)
Yehi to chahte hai wo. Ek bar naye Regine me aa gaye sab fir 7 lac ko 3 lac kar denge. Pahele bolte the life insurance penitration nahi hai. Aur budget me section 80C nikal diya aur 5 Lac premium policy taxable bana diya.
598. abc xyz| Link| Bookmark|
February 1, 2023 5:17:25 PM
IPO Guru (1100+ Posts, 1100+ Likes)
The General budget was good as no negative news was there. But Credit Seusis bank have stopped accepting bond and declared it, causing the lower ckt in the group stocks. Hope this blood bath may not exists a long time.
597. MAMU| Link| Bookmark|
February 1, 2023 5:05:20 PM
IPO Guru (1700+ Posts, 1100+ Likes)
Pel DIA aaj toh... Sunnnn ek dum
596. Nothing New| Link| Bookmark|
February 1, 2023 4:46:18 PM
Top Contributor (600+ Posts, 100+ Likes)
I will not subscribe to any government IPO. Today In the budget they removed the minimum TDS threshold of 10000 Rs in budget. Which means every penny earn will attract TDS. They don't care about investors.