Highlights
- Adani Enterprises approved the opening of its Qualified Institutional Placement on July 2, 2026.
- The QIP floor price has been fixed at Rs 3,034.68 per equity share.
- The Company may offer up to a 5% discount on the regulatory floor price.
Adani Enterprises Limited (NSE:ADANIENT) has announced the opening of its Qualified Institutional Placement (QIP) of equity shares on July 2, 2026, following approvals from its Board of Directors and shareholders.
The disclosure was made under the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company's QIP Committee approved the opening of the issue during its meeting held on July 2, 2026.
The Board had earlier approved the proposal on April 30, 2026, while shareholders passed the required special resolution on June 24, 2026.
QIP floor price fixed at Rs 3,034.68 per share
The QIP Committee approved a floor price of Rs 3,034.68 per equity share, determined under the pricing formula prescribed in the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
The Company stated that July 2, 2026, has been considered as the relevant date for determining the floor price under Regulation 171(b) of the SEBI ICDR Regulations.
As permitted under Regulation 176(1), the Company may offer a discount of up to 5% on the calculated floor price at its discretion.
The final issue price will be determined by the Company in consultation with the appointed book running lead managers.
Preliminary placement document approved
Along with authorising the opening of the QIP, the QIP Committee also approved and adopted the preliminary placement document dated July 2, 2026, together with the application form for the issue.
The preliminary placement document has been filed with both the BSE and the National Stock Exchange of India. The Company stated that the document has also been made available on its website.
Lead managers appointed for the issue
Adani Enterprises has appointed four book running lead managers (BRLMs) for the Qualified Institutional Placement.
The appointed BRLMs are:
- SBI Capital Markets Limited
- Jefferies India Private Limited
- ICICI Securities Limited
- IIFL Capital Services Limited (formerly known as IIFL Securities Limited)
These institutions will work with the Company in determining the final issue price and managing the institutional placement process.
Issue approved under applicable regulations
According to the filing, the QIP is being undertaken under the provisions of Chapter VI of the SEBI ICDR Regulations, 2018, along with Sections 42 and 62(1)(c) of the Companies Act, 2013.
The Company also stated that the equity shares offered through the QIP have not been and will not be registered under the U.S. Securities Act of 1933. Accordingly, they cannot be offered or sold in the United States unless an applicable exemption from registration requirements is available. The Company further clarified that no public offering of securities in the United States is contemplated.
The QIP Committee meeting commenced at 4:30 p.m. and concluded at 5:10 p.m. on July 2, 2026.
Key Risks
- Equity issuance may increase the Company's outstanding share capital.
- Final issue price may differ from the regulatory floor price.
- Market conditions may influence institutional investor participation.
- Regulatory approvals and procedural requirements remain applicable.
Summary
Adani Enterprises (NSE:ADANIENT) has opened its Qualified Institutional Placement after receiving Board and shareholder approvals. The Company fixed the regulatory floor price at Rs 3,034.68 per equity share, with flexibility to offer up to a 5% discount. The final issue price will be determined in consultation with the appointed book running lead managers, while the placement follows applicable SEBI and Companies Act provisions.
FAQs
Q: What is the floor price for Adani Enterprises' QIP?
A: The Company fixed the QIP floor price at Rs 3,034.68 per equity share under the SEBI ICDR pricing formula.
Q: Can Adani Enterprises offer shares below the floor price?
A: Yes. Under SEBI ICDR Regulations, the Company may offer a discount of up to 5% on the floor price.
Q: Who are the lead managers for the QIP?
A: SBI Capital Markets, Jefferies India, ICICI Securities and IIFL Capital Services have been appointed as the book running lead managers.