Adani Enterprises Raises QIP Issue Size to ₹150 Billion at ₹3,034.68 Floor Price
Adani Enterprises increased its QIP issue amount from ₹100 billion to ₹150 billion, with the issue opened on July 2, 2026, at a floor price of ₹3,034.68 per equity share. The fundraise is managed by SBI Capital Markets, Jefferies India, ICICI Securities, and IIFL Capital Services as BRLMs, and is compliant with SEBI ICDR Regulations, 2018.

*this image is generated using AI for illustrative purposes only.
Adani Enterprises has increased its Qualified Institutions Placement (QIP) issue amount from ₹100 billion to ₹150 billion, marking a significant upward revision to the fundraising exercise. The QIP issue had opened on July 2, 2026, with a floor price of ₹3,034.68 per equity share, following approvals from the board of directors on April 30, 2026, and a special resolution passed by members on June 24, 2026. The issue involves equity shares with a face value of ₹1 each, and the company retains the discretion to offer a discount of not more than 5% on the floor price.
The QIP committee had authorized the opening of the issue and approved the floor price based on the pricing formula prescribed under the SEBI ICDR Regulations. The committee also adopted the preliminary placement document and the application form for the issue, with July 2, 2026, designated as the 'Relevant Date' for determining the floor price.
Key Details of the QIP Issue
The following table outlines the key parameters of the updated QIP issue:
| Parameter: | Details |
|---|---|
| Issue Amount (Revised): | ₹150 billion |
| Issue Amount (Original): | ₹100 billion |
| Floor Price: | ₹3,034.68 per equity share |
| Face Value: | ₹1 per share |
| Relevant Date: | July 2, 2026 |
| Maximum Discount: | 5% on floor price |
SBI Capital Markets Limited, Jefferies India Private Limited, ICICI Securities Limited, and IIFL Capital Services Limited have been appointed as book running lead managers (BRLMs) for the issue. The final issue price will be determined by the company in consultation with the BRLMs.
Regulatory Compliance and Documentation
The preliminary placement document dated July 2, 2026, has been filed with BSE Limited and the National Stock Exchange of India Limited, and is also available on the company's website. The issue is conducted under the provisions of Chapter VI of the SEBI ICDR Regulations, 2018, and Sections 42 and 62(1)(c) of the Companies Act, 2013.
The equity shares offered under the QIP are not registered under the U.S. Securities Act of 1933 and will not be offered or sold within the United States except pursuant to an exemption from registration requirements. The company has confirmed that no public offering of securities is contemplated in the United States.
Historical Stock Returns for Adani Enterprises
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.09% | +5.73% | +8.22% | +40.89% | +25.97% | +132.99% |
What specific capital allocation plans does Adani Enterprises intend to fund with the additional ₹50 billion raised?
How will the 50% increase in issue size impact existing shareholder dilution and earnings per share?
What does the strong demand for the QIP suggest about institutional investor confidence in Adani's growth strategy?































