Building on the momentum from its first non-convertible debenture (NCD) offering in 2024, Adani Enterprises Limited (AEL) is launching a new issue to tap into growing investor interest. The latest offering is scheduled to open on 9 July 2025 and will remain open until 22 July 2025. With a focus on strengthening its financial base, AEL continues to scale up operations across infrastructure-driven sectors.
The company has announced a base issue size of ₹500 crore, with the flexibility to retain an additional ₹500 crore under the green shoe option. This brings the total potential size of the issuance to ₹1,000 crore. Each NCD is priced at a face value of ₹1,000, and investors must apply for at least 10 NCDs, making the entry threshold ₹10,000. Applications beyond the minimum can be made in multiples of one NCD.
These debentures will be listed on both the BSE and NSE, enhancing market accessibility and liquidity. Investors can choose from tenors of 24, 36, or 60 months, with interest options offered on a quarterly, annual, or cumulative basis. The 8 available series allow for flexibility in returns, with yields ranging between 8.95% and 9.30%, depending on the chosen duration and payout structure.
At least 75% of the net proceeds will go towards repaying or prepaying existing borrowings, while the remainder up to 25% is earmarked for general corporate activities.
AEL’s maiden NCD issue in September 2024 saw robust demand, being fully subscribed on day one. Investor confidence received a further boost when credit ratings were upgraded within six months of issuance, resulting in capital gains for debt holders.
“This new issuance follows the strong market response to AEL’s debut NCD offering, which witnessed capital appreciation for debt investors after a rating upgrade within 6 months,” said Jugeshinder Singh, Group CFO, of Adani Group.“AEL is now successfully scaling the next generation of infrastructure businesses across airports, roads, data centres, and the green hydrogen ecosystem,” he added, as per news reports.
The lead managers for the issue include Nuvama Wealth Management Limited, Trust Investment Advisors Private Limited, and Tipsons Consultancy Services Private Limited.
Read More: What is the Main Business of the Adani Group?
As of 07 July 2025, at 10:55 AM, Adani Enterprises share price is trading at ₹2,586.10 per share, a decline of 0.50%.
Adani Enterprises’ second NCD issuance reflects its continued effort to fortify its capital structure while expanding its presence in critical infrastructure sectors. Backed by solid ratings and investor trust, this offer presents a well-structured opportunity for those seeking fixed-income investments.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jul 7, 2025, 11:29 AM IST
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