Adani Enterprises has increased its qualified institutional placement to Rs 15,000 crore from the initial Rs 10,000 crore target, citing heightened investor interest after the launch. The offering drew bids totaling about Rs 38,000 crore, nearly 3.8 times the base size and among the strongest QIP responses in recent periods. The issue price was fixed at Rs 2,883 per share, a 5% discount to the SEBI floor price of Rs 3,034.68 and a 9.27% discount to the July 2 close of Rs 3,177.50. Proceeds will support capital spending for growth in incubation businesses. Major global institutions including Capital Group, Goldman Sachs, BlackRock, Blackstone and Nomura took part, alongside domestic funds such as HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund, Aditya Birla Sun Life Mutual Fund, SBI Mutual Fund and Tata Mutual Fund. The order book was reportedly covered before the issue opened officially. The transaction reflects improved investor sentiment toward the Adani Group, with its stocks now attracting significant interest from both international and local asset managers.
