Adani Enterprises’ latest bond issue worth ₹1,000 crore was fully subscribed within just three hours of opening on July 9, reflecting strong demand from retail investors, high net-worth individuals (HNIs), and corporates.
The overwhelming response came entirely from the non-institutional segment, indicating growing trust in the Adani brand. Although the offer was scheduled to remain open until July 22, it may close early due to the quick subscription. By 3:30 PM on the opening day, bids had already crossed ₹1,400 crore. This is the second public issue of secured, rated, listed, and redeemable non-convertible debentures (NCDs) by Adani Enterprises.
The NCDs offer an annual interest rate of up to 9.3%, with investment tenures of 24, 36, or 60 months. Investors can choose between quarterly, annual, or cumulative interest payouts. The base issue size was ₹500 crore, with an additional ₹500 crore available under the greenshoe option. The minimum investment required was ₹10,000 (10 NCDs of ₹1,000 each).
According to the company, at least 75% of the funds raised will be used to repay existing debt, while the remaining 25% will go towards general corporate purposes. The issue is being managed by Nuvama Wealth Management Ltd, Trust Investment Advisors Pvt Ltd, and Tipsons Consultancy Services Pvt Ltd.
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