Adani Enterprises Limited NCD Issue Details

By Elite Wealth
/ August 30, 2024
/ NCD, whatsnew

Adani Enterprises Limited NCD Company Details:

Adani Enterprises Limited [AEL] is a part of the Adani portfolio of companies, known for their successful execution of large-scale projects in the energy and infrastructure sectors in India. AEL is recognized as India’s largest listed business incubator, with a focus on four core sectors: energy and utility, transportation and logistics, consumer goods, and primary industry. These businesses are a balanced combination of well-established ventures and emerging enterprises, all dedicated to meeting the evolving needs of India.

Energy and utility
Data centers
Infrastructure projects
Transport and logistics
Consumer goods
Primary industry

In summary, Adani Enterprises Limited plays a vital role within the Adani portfolio, specializing in diverse sectors and driving sustainable growth through its successful incubation, development, and demerger of businesses. AEL remains committed to meeting India’s evolving needs and fostering value creation for its shareholders.

Adani Enterprises Limited is coming up with a public issue by the company of secured, redeemable, non-convertible debentures of face value ₹ 1,000 each (“NCDs” or “debentures”), for an amount up to ₹400 crores (“base issue size”) with an option to retain oversubscription up to ₹400crores, aggregating up to ₹800 crores is being offered by way of this prospectus. The issue opens for subscription on Wednesday, 04^th September, 2024 and will close on Tuesday, 17^th September, 2024. The allotment is on a first come first serve basis with the minimum application to be made is of 10 NCDs.

Adani Enterprises Limited NCD Details:

Issue opens:		Wednesday, September 04, 2024
Issue closes:		Tuesday, September 17, 2024
Allotment:		First Come First Serve Basis
Face Value:		Rs.1,000 per NCD
Nature of Instrument:		Secured Redeemable Non-Convertible Debentures
Minimum Application:		10 NCDs (Rs.10, 000) & in multiple of 1NCD thereafter
Listing:		BSE & NSE
Credit Rating:		CARE A+
Issue Size:		Public issue by Adani Enterprises Limited (the “Company”/ “Issuer”) of secured redeemable, non-convertible debentures of face value of ₹1,000. Each (“NCDs”) for an amount up to ₹400 crores (“Base Issue Size”) with a green shoe option of ₹400 crores aggregating up to ₹800 crores.
Registrar:		Link Intime India Private Limited
Category	I – Institutional (“QIB”)		II – Non-Institutional (“Corporates”)	III – High Net worth Individual (“HNI”) (Amount aggregating to above ₹ 10 lakh)	IV – Retail Individual (“Retail”) (Amount aggregating up to and including ₹ 10 lakh)
Category Allocation of the overall Issue Size	10% of Overall Issue Size		30% of Overall Issue Size	30% of Overall Issue Size	30% of Overall Issue Size

Adani Enterprises Limited NCD

Application form

Adani Enterprises Limited NCD Issue Break Up:

Category		Allocation		Amount in Crs.
			Base issue Issue
Institutional Investors	10%		40		80
Non Institutional Investors	30%		120		240
HNI	30%		120		240
Retail Individual Investors	30%		120		240
Total	100%		400		800

Adani Enterprises Limited NCD Specific Terms of the Prospectus:

The terms of the NCDs offered under the Issue are as follows:

Series	I	II	III	IV**	V	VI	VII	VIII
Frequency of Interest Payment	Annual	Cumulative	Quarterly	Annual	Cumulative	Quarterly	Annual	Cumulative
Tenor	24 Months	24 Months	36 Months	36 Months	36 Months	60 Months	60 Months	60 Months
Coupon (% per annum) for NCD Holders in all Categories	9.25%	N/A	9.32%	9.65%	N/A	9.56%	9.90%	N/A
Effective Yield (% per annum) for NCD Holders in all Categories	9.25%	9.25%	9.65%	9.65%	9.65%	9.90%	9.89%	9.90%
Amount (₹ / NCD) on Maturity for NCD Holders in all Categories	₹ 1,000	₹ 1,193.56	₹ 1,000	₹ 1,000	₹ 1,318.34	₹ 1,000	₹ 1,000	₹ 1,603.62
Maturity / Redemption Date (from the Deemed Date of Allotment)	24 Months	24 Months	36 Months	36 Months	36 Months	60 Months	60 Months	60 Months