Adani Enterprises Ltd, the flagship of the diversified Adani group, is exploring ways to garner maximum participation from retail investors and high-net worth individuals for its proposed ₹20,000-crore follow-on public offer, which will be India's largest so far.
"The FPO aims to maximize retail and HNI categories as they are inter-generational investors unlike mutual funds or domestic institutional investors, who have a much shorter horizon for investments," said Jugeshinder Singh, chief financial officer, Adani group. "There are some large family offices that can participate as institutions also, so they don't have to participate as HNI. If they participate as institutions, that gives us more space for HNIs and regular investors, and allows us to have greater HNI and retail participation," he said when asked about interest evinced by institutional firms, given the meteoric rise in valuations of Adani Enterprises in the past few years.
"Having a core infra portfolio, these companies will be massively valuable, but their value accrues over a period of time. If you see Adani Transmission, the value accrued over a nine-year period; we started in 2012. Adani Green, we started incubating in 2011, and the value is now emerging. So we need those kinds of investors," he added.
Denne historien er fra January 23, 2023-utgaven av Mint Mumbai.
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Denne historien er fra January 23, 2023-utgaven av Mint Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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