Secondary Issues
Adani Energy’s Rs.3,500-Cr QIP issue oversubscribed 3x
Adani Energy Solutions has raised INR 3,500-Cr through a qualified institutional placement (QIP). The QIP was oversubscribed 3.1 times, with total bids exceeding INR 10,800-Cr. The company issued approximately 21.7 million equity shares at INR 1,615 per share. It did not exercise the greenshoe option.The transaction saw participation from domestic mutual funds, insurance companies, foreign institutional investors, and Premji Invest. The book-running lead managers for the transaction were Jefferies, SBI Capital Markets, ICICI Securities, and IIFL Securities.Adani Energy plans to use the proceeds from this fundraising towards capital expenditure, debt repayment and acquisitions.
For FY26, Adani Energy Solutions had reported about INR 27,588 Cr in Operating Income and about INR 2,393 Cr in PAT.
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