Adani Group’s flagship company, Adani Enterprises Ltd, has improved its ability to service debt as of March 31, 2023, after its gross debt fell 7% to INR 38,320 crore, while earnings increased. The company’s interest service coverage ratio rose to 3.09 compared with 2.41 a year earlier. EBITDA more than doubled to INR 10,025 crore, and the company’s cash position rose 37% to INR 5,374 crore YoY.
For some public floats, expenses can be up to 17% of funds raised
The larger the IPO, the lower the expense ratio, the data showed. Offerings under ₹500 crore incurred average costs of 9.3%, while mega IPOs above
April 29, 2025