Adani Enterprises Limited FPO
Start Date27-01-2023
Application Timing10am-5pm
Price Range₹1556 - ₹1638
Min Qty4
Min. Investment₹6224
Listing DateNA
Close Date31-01-2023

About Adani Enterprises Limited FPO

Incorporated on March 2, 1993, Adani Enterprises Ltd, the member of Adani Group, is among India’s top business houses. They are one of India’s largest listed business incubators in terms of market capitalisation and are driven by the philosophy of incubating businesses in 4 core sectors - Energy and Utility, Transportation and Logistics, Consumer, and Primary Industry. 

Energy and Utility: AEL is setting up a Green Hydrogen Ecosystem. They develop data centres with an aim to retain and drive India’s internet-derived data in India and are developing infrastructure projects that enhance water treatment and use efficiency. 

Transport and Logistics: They currently develop, operate and manage 7 operational airports across the cities of Mumbai, Ahmedabad, Lucknow, Mangaluru, Jaipur, Guwahati and Thiruvananthapuram, and 1 greenfield airport in Navi Mumbai. 

Consumer Businesses: AEL manufactures and markets branded food and  FMCG products. 

Primary industry: AEL offers mining services which involves contract mining, development, production related services, and other mining services to mining customers.

Defence Sector: Under industrials, they intend to manufacture petrochemicals, copper and similar metals, and manufacture strategic military and defence products that enhance India’s self-reliance. 

Why To Invest in Adani Enterprises Limited FPO

One of India’s largest conglomerates with presence in essential businesses crucial to the country's growth, largest listed group by market capitalization, good track record of revenue growth in the past. The FPO funds will be used for capex requirements and reduce promoters’ holdings. 

Strengths And Risks
Business incubator with a demonstrated track record: : Since inception, they have incubated 6 decacorn businesses and successfully listed them, including by way of demergers, as Adani Ports and Special Economic Zone Ltd, Adani Power Ltd, Adani Transmission Ltd, Adani Green Energy Ltd, Adani Total Gas Ltd and Adani Wilmar Ltd. As of December ‘22, the Adani group had a market capitalisation of Rs 18,402 billion.
Expertise in project execution and management: : The group has incubated many companies in various infrastructure verticals with a history of successful project execution.
High growth sectors: : Adani Group is tapping on the growing green hydrogen potential in India to build a fully-integrated green hydrogen ecosystem in India.
Essential services: : The group has forayed in sectors critical to country’s development e.g. Airports are of national importance, are strategically located and are supported by govt. policies and framework.
Leading player in integrated resource management: : As part of its integrated resource management business AEL provides customers solutions for their energy needs by managing the entire supply chain of services.
Limited Operational History: : Some of AEL's businesses, such as green hydrogen ecosystems, airports, roads, digital, data centers, water management, commercial mining, industrial manufacturing, and defense, among others have limited operating histories. The limited operating history may not serve as an adequate basis to evaluate future prospects, results of operations, and cash flows.
Coal Dependence: : AEL's integrated resource management business primarily depends on the increasing demand for imported coal in India and its ability to maintain a diverse supplier base.
Legal & Regulatory proceedings: : Certain companies within the Adani group are involved in various legal, regulatory, and other proceedings which could hurt their business and reputation.
High Debt: : As of Sept ‘22, the total borrowing of the company stood at Rs 40,000 cr compared to Rs 32,000 cr in Sept ‘21.
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