Adani Enterprises has approved the early closure of its ₹1,000 crore public issue of non-convertible debentures (NCDs), according to an exchange filing made on Wednesday, January 7, 2026.
The management committee of the company’s board passed a resolution on the same day to close the issue on Thursday, January 8, 2026. The NCD offer was earlier scheduled to remain open until January 19, 2026.
The public issue comprised a base size of ₹500 crore, with a green-shoe option to retain oversubscription of up to another ₹500 crore. This took the total issue size to ₹1,000 crore.
The offer consisted of up to one crore secured, rated, listed and redeemable NCDs with a face value of ₹1,000 each.
Investors were required to apply for a minimum of 10 NCDs, amounting to ₹10,000, and in multiples of one NCD thereafter. The debentures are proposed to be listed on the BSE and the NSE.
The NCD issue opened for subscription on January 6. Stock exchange data showed that the base issue of ₹500 crore was fully subscribed within 10 minutes of opening. Including the green-shoe option, subscriptions crossed ₹1,000 crore in less than an hour.
Overall, the issue was fully subscribed within about 45 minutes. The issue was offered on a first-come, first-served basis, allowing for an early closure once the targeted amount was met.
The bonds were offered across tenors of 24 months, 36 months and 60 months. Interest payment options included quarterly, annual and cumulative payouts across 8 different series.
The NCDs carried an effective yield of up to 8.9% per annum. The issue was rated ‘AA-’ with a stable outlook by ICRA and CARE Ratings.
As per the prospectus, at least 75% of the proceeds are to be used for repayment or prepayment of existing borrowings, including interest, while the remaining portion may be used for general corporate purposes.
This is the company’s 3rd public NCD issue. Its previous ₹1,000 crore issuance in July 2025 was fully subscribed within three hours on the first day.
As of January 8, 2026, 9:36 am, Adani Enterprises share price was trading at ₹2,252, a 0.97% down from the previous closing price.
Read More: Adani Partners with Embraer to Build Regional Jets in India!
The early closure brings the NCD issue to an end well ahead of the original timeline. The company will now proceed with allotment and listing as per the offer documents.
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: Jan 8, 2026, 12:02 PM IST
Team Angel One
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