Adani Enterprises has successfully closed its Qualified Institutions Placement (QIP) issue on July 7, 2026, raising ₹15,000 crore. The company allotted 5,20,29,136 equity shares at an issue price of ₹2,883 per share, reflecting a discount of 5% to the floor price of ₹3,034.68. The allotment includes a premium of ₹2,882 per equity share and was approved by the QIP committee in a meeting held on July 7, 2026.

The issue opened on July 2, 2026, and closed on July 7, 2026. The equity shares offered have a face value of ₹1 each. Following the allotment, the paid-up equity share capital of the company has increased to ₹1,35,34,11,253.25, divided into 1,35,29,49,234 fully paid-up equity shares and 7,73,366 partly paid-up equity shares.

Key Allocation Details

The following table summarizes the final allocation parameters:

Major Allottees

The list of allottees who received more than 5% of the equity shares offered includes SBI Mutual Fund schemes and New World Fund Inc. SBI Mutual Fund schemes collectively received 15.33% of the total issue size, while New World Fund Inc. received 13.58%. Eupac Fund, a Foreign Portfolio Investor, was allotted 7.27% of the issue.

Regulatory Compliance

The placement document has been filed with BSE Limited and the National Stock Exchange of India Limited. The issue was 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. Jatin Jalundhwala, Company Secretary & Joint President (Legal), signed the compliance filing.

Kutch Copper Limited, a wholly owned subsidiary of Adani Enterprises , has secured London Metal Exchange (LME) brand registration for its 'Adani Copper' Grade-A cathodes. The certification, effective from July 10, 2026, validates the company's manufacturing excellence and responsible sourcing practices against strict global benchmarks. This milestone positions Adani Copper alongside the world's leading copper brands, enabling its delivery against LME Copper futures contracts and enhancing its tradability in international markets.

LME Registration and Market Access

The LME approval makes 'Adani Copper' eligible for delivery against LME Copper futures contracts, with warrants eligible for issuance from July 10, 2026. This listing allows eligible cathodes to be placed on warrant in LME-approved warehouses, strengthening financing flexibility as LME-listed metal is recognised as a high-liquid asset that can be used as collateral. The addition of Adani Copper broadens the exchange's deliverable base with high-quality cathode from a major new production hub.

Operational Scale and Strategic Impact

Kutch Copper operates one of the world's largest single-location custom copper smelters at Mundra with a production capacity of 0.5 million tonnes per annum. The USD 1.2 billion facility is designed with state-of-the-art technology and sustainability-led principles. This development is expected to reduce India's reliance on imported copper and strengthen the nation's role in the global copper supply chain, aligning with India's 'Aatmanirbhar Bharat' ambitions.