Industry : Diversified
Adani Enterprises Limited View all IPOs
Price Band
Rs. 3112 - Rs. 3276
ADANI ENTERPRISES is going for a Follow-on Public Offer . The issue opens on 27th January 2023.

Objective of the Issue

Details

The Objectives of the Offer are to:

1. Rs. 10,869 crore will be used to cover some of the subsidiaries' capital expenditure needs for (a) certain projects involving the green hydrogen ecosystem; renovations to a few current airport facilities; and building a greenfield expressway.

2. The company and three of its subsidiaries, Adani Airport Holding Limited, Adani Road Transport Limited, and Mundra Solar Limited, will use Rs. 4,165 crores to repay some borrowings, in full or in part.

3. General corporate purposes

List of Shareholders Selling Their Stake

NAME Number of Equity Shares % of Equity Share Capital
as of December 2022​
Gautam Adani and Rajesh Adani 63,00,34,660 55.27%
Adani Tradeline Private Ltd 9,94,91,719 8.73%
Afro Asia Trade and Investments Ltd 3,02,49,700 2.65%
Worldwide Emerging Market Holding Ltd 3,02,49,700 2.65%
Flourishing Trade and Investments Ltd 3,39,37,700 2.98%
Spitze Trades and Investment Ltd 39,86,000 0.35%

Business Operations

About Company

Adani Enterprises Limited (AEL) is the flagship company of India's largest business organization, the Adani Group.

The company's portfolio is highly diverse, encompassing Energy & Utility, Transportation & Logistics, consumer businesses, and primary industries such as mining and industrials.

The below are a few of the many new businesses that the company has incubated:

  • Adani New Industries Ltd (Green Hydrogen)
  • AdaniConneX (Data Center)
  • Adani Airports Holdings Ltd (Airports)
  • Adani Road Transport Ltd. (Roads)
  • Adani Digital Labs (Digital)

It owns 100% of the equity in Adani New Industries Ltd (ANIL), 50% in AdaniConneX, 100% in Adani Airports Holdings Ltd, 100% in Adani Road Transport Ltd, 100% in PVC, copper, aluminum, mining services, and commercial mining, 44% in Adani Wilmar Limited (AWL), and 100% in Adani Digital Limited (ADL).

Segment-wise Revenue:
Segments Q2 FY23 Q1 FY23 FY22
Integrated Resource Management 77% 75% 69%
Mining 5% 3% 4%
New Energy Ecosystem 2% 1% 3%
Airports 3% 3% 5%
Others 13% 18% 20%

Financials

Financial Overview

In Q2 FY23, the company reported a revenue of Rs. 38175 crore with a net profit of Rs. 461 crore.

In Q1 FY23, the company reported a net profit of Rs. 469 crore and revenue of Rs. 40844 crore.

The company reported a gross debt of Rs. 40,024 crore in the September-22 quarter, down from Rs. 41,024 crore in the March-22 quarter.

Financial Performance (Rs/crore)

(Rs/cr) Q2 FY23 Q1 FY23 FY22 FY21 FY20
Sales 38175 40844 69420 39537 43403
Net profit 461 469 788 1046 1040
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