
Aditya Birla Fashion and Retail Limited (ABFRL) has successfully concluded its first-ever Qualified Institutional Placement (QIP), raising ₹1,860 crores. The QIP involved the allotment of 68,583,059 equity shares at ₹271.3 per share, including a premium of ₹261.3. This marks a significant milestone in ABFRL’s growth journey, demonstrating strong investor confidence in India’s booming fashion industry.
The QIP, launched on January 16, 2025, and closed on January 21, 2025, received an overwhelming response, achieving a subscription rate of nearly 2X. Prominent domestic and international investors participated, highlighting ABFRL’s robust market position.
The QIP follows a preferential issuance of ₹2,379 crores, with significant contributions from the promoter group (₹1,298 crores) and Fidelity Investments (₹1,081 crores). Together, these fundraises are set to make ABFRL a debt-free entity, empowering rapid expansion of its key growth platforms.
The company’s strategic initiatives, coupled with India’s thriving fashion market, have positioned ABFRL as a leader in the sector. Proceeds from the fundraise will bolster its plans for innovation, market expansion, and operational excellence.
Avendus Capital, Goldman Sachs, and Jefferies India were the managers for the QIP. Regulatory approvals are awaited for the final completion of the transactions.