New Delhi: QIP of Gautam Adani’s company Adani Enterprises is getting tremendous response. Quantum Mutual Fund has shown the most interest in this company of Adani Group. He paid Rs. Almost half of this QIP has been purchased for Rs 4,200 crore. It has emerged as the largest participant in the Qualified Institutions Placement (QIP), buying about 47 per cent of the total issue size. This has been stated in the company’s stock exchange filing.
According to the information given in the filing, Quant Small Cap Fund, the flagship scheme of Quant Mutual Fund, has got 17.41 percent allocation of Adani Enterprises issue. Besides, other quant schemes like Quant ELSS Tax Saver Fund, Quant Active Fund and Quant Flexi Cap Fund have also captured a large share of over 7 per cent in QIP.
Overall, the per share of various schemes of Quant Mutual Fund is Rs. Over 66.6 lakh shares have been allotted at the issue price of Rs 2,962. With this investment, Quant Mutual Fund has purchased approximately 0.58 per cent (post-issue) equity stake in Adani Enterprises through various schemes.
These investors also bought stake
Other key participants also participated in the QIP of Adani Enterprises. In which Winroro Commercial (India) Ltd bought 12.5 per cent stake, while Tree Line Asia Master Fund (Singapore) Pte Ltd got 5.95 per cent of the total allotment. Along with this, SBI Life Insurance Company Limited Rs. An allocation of 5.06 percent has been received for an estimated investment of more than Rs 212 crore.
How much money did the company raise?
Through this QIP, Adani Enterprises has raised approximately Rs. Have invested. Rs 4,200 crore has been raised. 1.42 crore equity shares were issued at a price of Rs 2,962 per share. The company said in its exchange filing that Rs. 3,117.475 or 4.99 per cent from the floor price of Rs. There was a discount of 155.475.
The company will use the amount to reduce expenses and settle the debt of the parent company and its subsidiaries. Let us tell you that the QIP of Adani Enterprises was opened on 9 October 2024, which closed on 15 October 2024.
Funds were raised even before this
Earlier in May, Adani Enterprises Board had raised a total of Rs. Permission was given to raise Rs 16,600 crore i.e. about 2 billion dollars. The company is looking for institutional investors to fund its expansion plans and infrastructure development in sectors including airports, mining, data centers and green hydrogen. Earlier this year, Adani Energy Solutions had raised nearly $1 billion through its QIP. Which was subscribed almost six times.
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