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How to apply for Adani Enterprises Limited Follow on Public Offer (FPO)?

The list of apps and banks that support UPI IPO/FPO applications can be checked by visiting npci.org.in/what-we-do/ipo/live-partners.

To apply for Adani Enterprises Limited FPO, follow these steps:

Kite app

  1. Click on Orders .
  2. Click on IPO .
  3. Click on Apply .
  4. Select the Investor type ¹.
  5. Enter the UPI ID mapped to the applicant's bank account.
  6. Enter the quantity and price. Alternatively, cut-off price can be selected. Up to 3 bids can be placed.
  7. Agree to the undertaking and click on Submit .
  8. Accept the mandate request on the UPI app².


An SMS is sent from the exchange confirming the IPO bid at the end of the day. An email is also sent from Zerodha confirming the submission of the IPO application.

Notes

¹Select Individual investor if you are a retail investor. Select Employee if you are an employee of AEL.

²To know how to accept UPI mandates on Google Pay, Phonepe, and BHIM, see How can I find my IPO mandate on Google Pay? , How can I accept my IPO mandate on Phonepe? , and How can I find my IPO mandate on BHIM?

FAQs

When can FPO orders be placed on Kite?

FPO and IPO order placement timings are the same. FPO orders can be placed anytime between 10:00 a.m. on the issue opening day and 4:30 p.m. on the issue closing day. To learn more, see When can IPO orders be placed on Zerodha?

Does Zerodha offer pre-IPO/FPO orders for AEL FPO?

Zerodha doesn’t offer pre-IPO/FPO orders because SEBI ICDR regulations provide a subscription period for an IPO/FPO during which orders are placed. Pre-IPO/FPO orders are technically bids and are, in essence, against the spirit of the regulations. To know more, see Why doesn’t Zerodha offer pre-IPO orders?

Can AEL employees apply for the AEL FPO through Zerodha?

Yes, applications can be made by selecting Employee category type while applying for the FPO.

Can the AEL FPO application be made using funds on Kite?

No, applications for the AEL FPO cannot be made using funds on Kite. The applications can only be made from funds in the bank account. The amount can be withdrawn back to the bank account and the application can then be made. See How do I withdraw money from my trading account?

How to apply for AEL FPO if a UPI ID is not available?

Applications for an FPO can be made through the Netbanking ASBA service provided by the bank. To know more, see Can I apply for an IPO if I don't use UPI?

Can applications for AEL FPO be made from two demat accounts, one claiming the retail discount and the other without claiming the retail discount?

Only one active IPO application can be made in one category. Both with and without discount applications would fall under the retail category, and multiple applications in one category are not possible.

Can applications be made for both categories, i.e., employee category and individual investor category, using the same PAN?

Yes, you can. But one application in one category has to be done through Zerodha and the other one using Netbanking ASBA. To know more about Netbanking ASBA, see What is ASBA?

Can applications be made for the AEL FPO in the HNI category?

AEL FPO applications of ₹1 lakh to ₹2.5 lakhs are considered under the HNI category. Applications up to ₹2.5 lakhs can be placed using UPI. IPO applications under the HNI category cannot be deleted or modified to reduce the size of the application, according to SEBI IPO regulations. Modifications in this category can only be made to increase the size of the application. To know more, see Can applications be made for an IPO in the HNI category?

Did you know? The maximum subscription amount for an investor via the UPI route is ₹5 lakhs but since 50% of the price per equity share is payable on the AEL FPO application, the threshold is set at ₹2.5 lakhs.