Adani Enterprises recorded a stunning response to its latest non-convertible debentures (NCD) public issue on Monday, January 6. Investors fully subscribed to the ₹1,000 crore issue within just 45 minutes, reflecting strong market confidence in the company.
The base issue size of ₹500 crore closed in the first 10 minutes. Due to heavy demand, the company exercised the green shoe option and raised the total size to ₹1,000 crore. That portion also sold out within an hour. Although the issue remains open until January 19, allotment follows a first-come, first-served basis.
High returns fuel investor interest
Adani Enterprises is offering an annual return of up to 8.9 percent on these NCDs. This return exceeds what many fixed deposits and similarly rated bonds offer. The issue carries an AA- rating with a stable outlook from ICRA and CARE Ratings. This strong rating reassured investors and boosted demand, especially among retail buyers.
The company will list the NCDs on both the BSE and NSE. Investors can choose tenors of 24, 36, or 60 months. The issue also offers flexible interest options, including quarterly, annual, and cumulative payouts.
Funds to support balance sheet
Adani Enterprises plans to use nearly 75 percent of the funds to repay debt. The company will use the remaining amount for general corporate purposes. This approach supports its effort to strengthen finances while continuing expansion.
The strong response mirrors the company’s earlier success. In July last year, Adani Enterprises raised ₹1,000 crore through a similar NCD issue, which investors fully subscribed within three hours.
Growth projects boost confidence
Adani Group continues to expand across key infrastructure sectors. The group recently opened the Navi Mumbai International Airport. It also partnered with Google to set up a data center in Visakhapatnam. In addition, it is executing several road projects across India.
The rapid sellout of this NCD issue highlights sustained investor trust in Adani Enterprises and its long-term growth strategy.
