Adani Energy closes about Rs 3,500 cr QIP at 4.9 percent discount to floor price

Qip At DiscountFund Raising View source PDF Explain this filing

ADANIENSOL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.8%Reaction day

₹1652.00

prior close

₹1666.00

announcement price

After-mkt

timing

Nifty 100market+0.5%-1.3% vs market

Power peers, median of 36sector · industry level+0.5%-1.3% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty 100 and 1.3 pts less than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.5

10m

+0.2

15m

+0.2

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.8+0.5-1.3+0.5-1.3

Next day

-0.3+2.0-2.3+1.7-2.0

-0.5+1.4-1.9+1.4-1.9

-1.2+1.5-2.7+0.9-2.1

-1.9+1.5-3.5+0.7-2.6

-2.0+1.4-3.3+0.6-2.6

-1.8+1.0-2.8-0.0-1.8

15d

-6.7+0.1-6.8-2.1-4.5

-14.2-0.5-13.7-5.3-8.9

-20.4-6.4-14.0-6.6-13.8

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UpDownMarket · Nifty 100Sector · Power peers, median of 36Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Adani Energy Solutions closed its QIP, allotting 2.17 crore equity shares to qualified institutional buyers at Rs 1,615 per share, a 4.90 percent discount to the floor price of Rs 1,698.15. Total issue size is about Rs 3,500 crore. Each share has a Rs 10 face value with a Rs 1,605 premium. The placement document has been approved and filed with BSE and NSE.

Likely market impact

Fresh equity of around Rs 3,500 crore will dilute existing shareholders. Use of proceeds was not disclosed in this filing.