Adani Enterprises FPO: What GMP signals after share price crash2 min read . Updated: 28 Jan 2023, 11:52 AM IST
- Adani Enterprises share price today is around 15 per cent lower from its FPO price
Adani Enterprises FPO: Amid bloodbath on Dalal Street and Hindenburg Research report raising concern over debt positions of Adani group companies, the follow-on public offer (FPO) of Adani Enterprises Ltd opened for subscription on Friday. After day one of bidding the follow-on offer has been subscribed just 0.01 times whereas its retail portion got subscribed 0.02 times. Meanwhile, grey market mood is also not encouraging for the company and its promoters.
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