Adani Enterprises has opened its Qualified Institutional Placement (QIP) on July 2, 2026, after receiving approval from the board on April 30, 2026, shareholders on June 24, 2026, and the QIP Committee on July 2, 2026.
The QIP Committee approved a floor price of ₹3,034.68 per equity share, calculated under SEBI ICDR regulations. The company can offer a discount of up to 5% on this floor price while deciding the final issue price.
The relevant date for the issue is July 2, 2026. The final issue price will be decided by Adani Enterprises in consultation with the book-running lead managers (BRLMs).
The company has also approved the preliminary placement document and application form, and filed the placement document with both BSE and NSE on July 2, 2026. The document has also been made available on the company’s investor website.
The QIP Committee meeting started at 4:30 PM and concluded at 5:10 PM on July 2. SBI Capital Markets, Jefferies India, ICICI Securities, and IIFL Capital Services have been appointed as the book-running lead managers for the issue.
Adani Enterprises also clarified that the equity shares under this QIP will not be registered under the U.S. Securities Act and will not be offered or sold in the United States, except where permitted under applicable exemptions.
Update: Adani Enterprises upsizes QIP to ₹15,000 crore
Adani Enterprises has increased the size of its qualified institutional placement (QIP) to ₹15,000 crore from the initial ₹10,000 crore after receiving strong institutional demand. The issue attracted bids worth nearly ₹38,000 crore, around 3.8 times the original size.
The indicative issue price has been set at ₹2,883 per share, a 5% discount to the SEBI floor price of ₹3,034.68 and about 9.3% below Thursday’s closing price of ₹3,177.50.
The company plans to use the funds to finance capital expenditure and expand its incubation businesses. The final issue price will be decided in consultation with the book-running lead managers.
