IPO - Adani Enterprises Ltd.

Adani Enterprises Limited, a part of the Adani Group, was founded in 1988 with a vision to become one of India's top business houses. Over the years, the company has grown exponentially and has established itself as a leader in the energy and infrastructure sector in India. The group has a long track record of successfully executing large-scale projects and has been instrumental in driving the growth of the Indian economy.The Adani Group has created several successful companies over the years, such as Adani Power, Adani Ports & SEZ, Adani Transmission, Adani Green Energy, and Adani Total Gas. These companies operate in different segments of the economy and are focused on making India a self-reliant country by providing a wide range of services and products.The Adani Group's businesses include Mining Services, Edible Oil & Foods, Water, Data Center, Integrated Resource Management, Agro, Solar Manufacturing, Defence& Aerospace, Airports, Roads, Metro & Rail and many more. These businesses are spread across different sectors and are designed to cater to the needs of the Indian economy. The company not only focuses on providing top-quality products and services, but it also puts significant efforts towards sustainability and giving back to society.As of December 31, 2022, the Adani Group had a market capitalization of around 18,402 billion INR (approximately US$222 billion). The company has come a long way since its inception, and it continues to expand and diversify its ventures to bring more value to its customers and contribute to the development of the nation. With a strong focus on innovation and a commitment to delivering excellence, the Adani Group is well-positioned for long-term growth and success.In terms of funding its growth plans, the company plans to utilize the net proceeds to fund capital expenditure requirements for projects under its subsidiaries and repayment of borrowings. Out of the total proceeds, ₹10,869 crore will be utilized for funding capital expenditure requirements of some subsidiaries, including certain projects of the green hydrogen ecosystem, improvement works of existing airport facilities, and construction of greenfield expressway. Additionally, ₹4,165 crore will go towards repayment, in full or part, of certain borrowings of the company and three of its subsidiaries, namely Adani Airport Holdings Limited, Adani Road Transport Limited, and Mundra Solar Limited. With this move, the company is well-positioned to continue its growth.

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