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, 04th September, 2024 and will close on Tuesday, 17th 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 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 |