Big-ticket investors ensure Adani FPO 112% subscribed https://ift.tt/4aQNW0C

Support from high networth investors ensured India’s biggest follow-on public offering (FPO), the Rs 20,000-crore Adani Enterprises’ (AEL) issue, achieved full subscription on the last day of bidding. However, there was a tepid response from retail investors and employees. The flagship of the Adani Group received total bids for 5.1 crore shares, against the offer size of 4.6 crore shares, on January 31, the third and final day of retail bidding, representing a 112% subscription.
https://ift.tt/4aQNW0C