Adani Energy Solutions launches QIP to raise up to Rs 8,373 crore, sees 5x demand from investors: CNBC-TV18

Adani Energy Solutions board had approved a QIP offering on July 30, with a floor price of Rs 1,027.11 per share.

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26 Aug, 2025 12:21

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Adani Energy Solutions has launched a Qualified Institutional Placement (QIP) to raise up to Rs 8,373 crore at an indicative price of Rs 976 per share, with strong demand from both global and domestic investors, CNBC-TV18 reported citing unidentified sources.

The indicative price represents a 13.24% discount to the closing price and a 4.98% discount to the SEBI floor price. The board of Adani Energy Solutions had approved the QIP offering on July 30, with a floor price of Rs 1,027.11 per share, according to a stock exchange filing.

The QIP issue has garnered strong demand, being subscribed almost five times, with investor interest amounting to nearly $5 billion, the CNBC-TV18 report said.

Major domestic mutual funds and global investors have shown keen interest in the offering. Domestic institutional investors include SBI Mutual Fund, HDFC Mutual Fund, Tata Mutual Fund, White Oak, and Axis Mutual Fund.

Among the notable foreign institutional investors are GQG Partners, Qatar Investment Authority (QIA), Duquesne Capital, and Genesis. Additionally, the issue saw participation from Nomura Singapore, Eastspring Investments, Millennium Management, and Citadel. GQG is an existing investor in the company and holds around a 4.5 percent stake as of June 30.

Earlier reports indicated that the $1-billion QIP offering of Adani Energy Solutions was expected to attract participation from prominent investors like Rajiv Jain’s GQG Partners, Abu Dhabi’s sovereign wealth fund ADIA, and International Holding Company (IHC), along with various domestic institutional investors.

Moneycontrol had first reported on July 4 that Adani group companies Adani Enterprises Ltd and Adani Energy Solutions were gearing up to tap the markets soon by way of qualified institutional placement offerings to raise as much as $2.5 billion, with investor demand for the issue at approximately Rs 26,000 crore.

The funds raised through the QIP will be utilised for capital expenditure requirements, particularly for setting up transmission systems and the purchase and installation of smart meters, as well as for debt repayment. Notably, the company plans to use the funds for capex requirements of some of its subsidiaries.

Shares of Adani Energy Solutions had closed trading on July 30 at Rs 1,125.4 apiece, marking a 6.95 percent increase on the BSE.

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