Adani Enterprises’ ₹4,200 Cr QIP Hits Big: Strong Demand from Mutual Funds & Global Investors Fuels Infrastructure Growth

Adani Enterprises has successfully raised nearly Rs 4,200 crore through a qualified institutional placement (QIP), selling 1.41 crore shares at Rs 2,962 each. The offer was launched after market hours on October 9 and closed on October 15.

According to the company, there was strong interest in the QIP, with bids amounting to over 4.2 times the original offer. Investors included global long-term investors, major Indian mutual funds, and insurance companies.

This achievement highlights Adani Enterprises’ position as India’s largest listed company that builds large-scale businesses in core infrastructure sectors. The company’s incubation portfolio covers airports, roads, renewable energy (solar and wind), and data centres.

Other business areas include copper, PVC, defence, and specialised manufacturing, with a focus on reducing India’s reliance on imports. The funds from this QIP will be used for capital expenses, debt repayment, and general corporate purposes.

SBI Capital Markets, Jefferies, and ICICI Securities managed the QIP.