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 ₹500 crores (“base issue size”) with an option to retain oversubscription up to ₹500 crores, aggregating up to ₹1000 crores is being offered by way of this prospectus. The issue opens for subscription on Wednesday, 9th July, 2025 and will close on Tuesday, 22nd July, 2025. 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, 9th July, 2025 | ||||
| Issue closes: | Tuesday , 22nd July, 2025 | ||||
| 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 AA-; Stable | ||||
| Issue Size: | Public issue by Adani Enterprises Limited of secured redeemable non-convertible debentures of face value of ₹1,000 each (“NCDs”) for an amount up to ₹500 crores (“Base Issue Size”) with a green shoe option of ₹500 crores aggregating up to ₹1000 crores. | ||||
| Registrar: | MUFG 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
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30% of Overall Issue Size
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30% of Overall Issue Size
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30% of Overall Issue Size
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Adani Enterprises Limited NCD
Application form
Issue Break Up:
| Category | Allocation | Amount in Crs. | |||
| Base issue Issue | |||||
| Institutional Investors | 10% | 50 | 100 | ||
| Non Institutional Investors | 30% | 150 | 300 | ||
| HNI | 30% | 150 | 300 | ||
| Retail Individual Investors | 30% | 150 | 300 | ||
| Total | 100% | 500 | 1000 | ||
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 |
8.95% | NA | 8,85% | 9.15% | NA | 9.00% | 9.30% | NA |
| Effective Yield (% per annum) for NCD Holders in all Categories |
8.95% | 8.95% | 9.14% | 9.14% | 9.15% | 9.30% | 9.29% | 9.30% |
| Redemption Amount (₹ / NCD) on Maturity for NCD Holders in all Categories |
₹ 1,000 | ₹ 1,187.01 | ₹ 1,000 | ₹ 1,000 | ₹ 1,300.70 | ₹ 1,000 | ₹ 1,000 | ₹ 1,560.30 |
| 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 |
| Put and Call Option | Not Applicable | |||||||
| Face Value/ Issue Price of NCDs (₹/ NCD) |
₹ 1,000 | |||||||
| Minimum Application size and in multiples of NCD thereafter |
₹10,000 (10 NCDs) and in multiple of ₹1,000 (1 NCD) thereafter. | |||||||
***Subject to applicable tax deducted at source, if any
** The Company shall allocate and allot Series IV (36 Months – Annual Option) NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.
For any queries related to the NCD, you can consult the team at Elite Wealth. Since Demat is mandatory for investing in this particular NCD, the investor must open a Demat account with a trusted broker like Elite Wealth.