Gautam Adani is now planning to launch an IPO!!!
Gautam adani is now planning to launch an IPO!!!
Asia's richest man, gautam adani is now planning to launch an IPO of his non-bank lender adani Capital. The NBFC is planning to raise around Rs 1,500 crore through this issue. The IPO is expected to launch in early 2024 (Adani capital IPO Date). Earlier adani had brought adani Wilmar IPO, which started with a bang. Investors are still making a lot of money from that IPO. A lot of expectations are also being placed from this IPO.Gaurav Gupta, Managing director and CEO, said, adani Capital's first-time share sale will offer around 10 per cent stake in shadow Bank and target a valuation of around $2 billion. In an interview in Mumbai, the CEO said that your ability to raise incremental capital is high if you are listed. Notably, adani capital aims to capture more market for loans ranging from Rs 3,00,000 to Rs 30 lakh using technology. Gupta said they are a fintech company, but a credit company that is leveraging technology to more effectively acquire or underwrite customers.The CEO said that adani capital uses a direct-to-customer distribution model and 90 per cent of the business is self-generated. In addition, it looks after loans of around Rs 30 billion, with gross NPAs pegged at around 1 per cent. Gupta said, I plan to double the loan book every year.
Asia's richest man, gautam adani is now planning to launch an IPO of his non-bank lender adani Capital. The NBFC is planning to raise around Rs 1,500 crore through this issue. The IPO is expected to launch in early 2024 (Adani capital IPO Date). Earlier adani had brought adani Wilmar IPO, which started with a bang. Investors are still making a lot of money from that IPO. A lot of expectations are also being placed from this IPO.Gaurav Gupta, Managing director and CEO, said, adani Capital's first-time share sale will offer around 10 per cent stake in shadow Bank and target a valuation of around $2 billion. In an interview in Mumbai, the CEO said that your ability to raise incremental capital is high if you are listed. Notably, adani capital aims to capture more market for loans ranging from Rs 3,00,000 to Rs 30 lakh using technology. Gupta said they are a fintech company, but a credit company that is leveraging technology to more effectively acquire or underwrite customers.The CEO said that adani capital uses a direct-to-customer distribution model and 90 per cent of the business is self-generated. In addition, it looks after loans of around Rs 30 billion, with gross NPAs pegged at around 1 per cent. Gupta said, I plan to double the loan book every year.