Big-ticket investors ensure Adani FPO 112% subscribed

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.

This statement is indicating that Adani's initial public offering (IPO) has received strong support from large investors and was 112% subscribed. An IPO is when a company first sells shares of stock to the public, and the subscription rate refers to the level of demand for the shares being offered. A subscription rate of 112% means that there was more demand for the shares than were being offered, indicating strong interest from investors. The fact that big-ticket investors have ensured this level of subscription suggests that these large investors have a high level of confidence in the company and its future prospects.

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