Adani Enterprises Limited (AEL) has announced a new public issue of non-convertible debentures (NCDs) worth ₹1,000 crore. This follows their successful issuance of ₹800 crore last year, which was fully subscribed on the first day. The new NCD issue aims to provide retail investors with an opportunity to invest in India’s growing infrastructure sector.
The second issuance opens on 9 July 2025 and closes on 22 July 2025. The NCDs offer an attractive interest rate of up to 9.30% per annum, which is competitive compared to other fixed-income investments like fixed deposits. AEL is the only corporate entity outside of non-banking financial companies (NBFCs) to offer a listed debt product directly to retail investors.
Jugeshinder ‘Robbie’ Singh, Group CFO of Adani Group, stated that this issuance strengthens their commitment to inclusive capital markets. The funds raised will be primarily used for prepayment of existing debts, while a smaller portion will be used for general corporate purposes.
Each NCD has a face value of ₹1,000, with a minimum application size of 10 NCDs, equating to ₹10,000. Investors can choose from tenors of 24, 36, and 60 months, with various interest payment options.
The NCDs have received ratings of “Care AA-; Stable” and “[ICRA]AA- (Stable)”, indicating a high degree of safety for investors. These ratings reflect AEL’s strong financial position and commitment to timely servicing of its financial obligations.
AEL plays a crucial role in India’s infrastructure development, focusing on sectors such as energy, transport, and logistics. This new issuance is part of their strategy to scale up their operations and contribute to India’s goal of becoming a $5 trillion economy.
The company has received positive feedback from the market for its previous offerings, highlighting its financial robustness and commitment to delivering value to its investors. With the current trend of declining interest rates, this NCD issue presents a timely opportunity for those seeking stable returns on their investments.
To apply for the NCDs, investors must have a Demat account. The allotment will be done on a first-come, first-served basis, adding to the urgency for interested investors.
In summary, Adani Enterprises’ upcoming NCD issue offers a valuable chance for retail investors to engage in the growing infrastructure market in India. With competitive yields and a strong backing, it is set to attract significant interest from individuals looking to diversify their investment portfolios.
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