Nature of the Event
Adani Energy Solutions Limited has initiated a Qualified Institutions Placement (QIP) of equity shares with face value of ₹10 each under SEBI ICDR Regulations and Companies Act, 2013 provisions.
Key Approvals and Dates
- Board of Directors approved the QIP at meeting held on July 1, 2026
- Special resolution passed by members on July 25, 2026
- QIP Committee meeting held on July 27, 2026 from 5:25 PM to 5:40 PM
- Committee authorized opening of the Issue on July 27, 2026
- Approved floor price of ₹1,698.15 per Equity Share based on SEBI ICDR Regulations pricing formula
- Approved and adopted preliminary placement document dated July 27, 2026 and application form
Pricing Details
- Relevant Date for the Issue: July 27, 2026 (as per Regulation 171(b) of SEBI ICDR Regulations)
- Floor price: ₹1,698.15 per Equity Share (calculated as per Regulation 176(1) of SEBI ICDR Regulations)
- Company may offer discount of not more than 5% on the floor price
- Final issue price to be determined by Company in consultation with Book Running Lead Managers
Book Running Lead Managers
SBI Capital Markets Limited, ICICI Securities Limited, IIFL Capital Services Limited (formerly IIFL Securities Limited), and Jefferies India Private Limited have been appointed as BRLMs for the Issue.
Regulatory Compliance and Documentation
- Preliminary placement document dated July 27, 2026 will be filed with BSE Limited and National Stock Exchange of India Limited
- Document available on company website: www.adanienergysolutions.com
- Disclosure made under applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Equity shares not registered under U.S. Securities Act of 1933 and not offered in United States