In an exchange filing on Monday, July 27, the company said its QIP Committee authorised the opening of the issue on July 27 and approved the floor price in accordance with the pricing formula prescribed under the SEBI (Issue of Capital and Disclosure Requirements) Regulations.
According to the launch terms, the company is looking to raise up to $364 million through the QIP, with an indicative issue price of ₹1,615 per share, implying a discount of around 5.2% to Monday’s closing price. The final issue price will be determined after the book-building process.
The committee also approved and adopted the preliminary placement document and the application form for the issue.
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Adani Energy said July 27, 2026, has been fixed as the relevant date for determining the floor price. Under SEBI regulations, the company may, at its discretion, offer a discount of up to 5% to the floor price while finalising the issue price. The final issue price will be determined by the company in consultation with the book-running lead managers.
The QIP follows the approval granted by the company’s board on July 1, 2026, and the subsequent approval by shareholders through a special resolution passed on July 25, 2026.
SBI Capital Markets, ICICI Securities, IIFL Capital Services and Jefferies India have been appointed as the book-running lead managers for the issue.
The company said it will file the preliminary placement document with the BSE and the National Stock Exchange and has also made it available on its website.
Adani Green Energy Q1 results
Adani Green Energy reported a 19.3% year-on-year increase in consolidated net profit to ₹983 crore for the June quarter, while revenue from operations rose 16.6% to ₹4,431 crore. EBITDA grew 31% to ₹3,985 crore, with margin expanding to 90% from 80% a year ago.
The company said operational renewable energy capacity increased 35% year-on-year to 19.3 GW, while energy sales rose 30% during the quarter, driven by capacity additions and strong plant performance.
During the period, it also commissioned 1,972 MWh of Battery Energy Storage System (BESS) capacity, taking its total installed BESS capacity to 3,551 MWh, as it continues to expand its round-the-clock renewable energy portfolio.
Shares of the company ended 0.34% higher at ₹1,708 ahead of the announcement on Monday. The stock has gained more than 63% so far this year and 109% over the last 12 months.
