Subrahmanyam Penjarla IPO Review

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IPO Reviews by Subrahmanyam Penjarla

IPO	Review
Adani Enterprises Limited FPO	Avoid Adani Enterprises and other co-adani companies are currently trading at very high valuations. so I want to avoid irrespective of hindenburg allegations true or not. They are still commending the price with almost 73% promotor holding, almost 5% of LIC and few friendly intuitional investors that holds only Adani group companies. pure retail quota is just 3%. After this FPO it may goes to 4% only. Promotor holding will be reduces to 69%. so still floating benefit towards adani. Let's see. 2 January 27, 2023 6:19:57 AM

IPO

Review

Adani Enterprises Limited FPO

Avoid

Adani Enterprises and other co-adani companies are currently trading at very high valuations. so I want to avoid irrespective of hindenburg allegations true or not. They are still commending the price with almost 73% promotor holding, almost 5% of LIC and few friendly intuitional investors that holds only Adani group companies. pure retail quota is just 3%. After this FPO it may goes to 4% only. Promotor holding will be reduces to 69%. so still floating benefit towards adani. Let's see.

January 27, 2023 6:19:57 AM

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