Adani Enterprises NCD issue opens on July 9, 2025 and closes on July 22, 2025. It is a Secured, Redeemable, Non-Convertible Debenture (Secured NCD). The overall issue size is Rs 1,000 crores. The NCD issue price is Rs 1000 per NCD, and the face value is Rs 1000 for each NCD. The minimum lot size is 10 NCD.
Adani Enterprises NCD allotment is on a first-come, first-served basis. The listing is at the BSE and NSE exchanges. The tenor is 24, 36 and 60 Months. Lead managers of Adani Enterprises NCD July 2025 are Nuvama Wealth Management Limited, Trust Investment Advisors Private Limited, Tipsons Consultancy Services Private Limited, and the registrar of this NCD is MUFG Intime India Private Limited.
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Adani Enterprises NCD: Important Details
Issue Open |
July 9, 2025 - July 22, 2025 |
Security Name |
Adani Enterprises Limited |
Security Type |
Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
Issue Size (Base) |
Rs 500.00 Crores |
Issue Size (Oversubscription) |
Rs 500.00 Crores |
Overall Issue Size |
Rs 1,000.00 Crores |
Issue Price |
Rs 1000 per NCD |
Face Value |
Rs 1000 each NCD |
Minimum Lot size |
10 NCD |
Market Lot |
1 NCD |
Listing At |
BSE, NSE |
Basis of Allotment |
First Come First Serve Basis |
Debenture Trustee/s |
Catalyst Trusteeship Limited |
Adani Enterprises Limited: About the Company
Adani Enterprises Limited (AEL), established in 1993, serves as the flagship company of the Adani Group and is headquartered in Ahmedabad, Gujarat. As India’s largest listed business incubator, AEL drives growth across critical sectors including energy and utilities, transportation and logistics, consumer goods, and primary industries. The company’s diversified portfolio covers coal mining and logistics, solar module manufacturing, edible oils, airports, roads, water management, data centres, and defence and aerospace solutions. AEL has pioneered the Mine Developer & Operator (MDO) concept in India and operates mines in India, Indonesia, and Australia. The company is also advancing India’s infrastructure by developing commercial mines, copper smelters, and contributing to the nation’s self-reliance in defence manufacturing. Through strategic incubation, development, and demerger of businesses, Adani Enterprises Limited continues to deliver sustainable value and foster innovation for stakeholders and the nation.
Adani Enterprises NCD: Objectives
Adani Enterprises intends to utilise the net proceeds from the IPO for the prepayment or repayment, either fully or partially, of existing indebtedness, as well as for general corporate purposes.
Adani Enterprises Limited: Financial Performance (Amt in Rs Crore)
Period Ended |
31 Mar 2025 |
31 Mar 2024 |
31 Mar 2023 |
Assets |
1,98,135.54 |
1,60,731.85 |
1,41,487.82 |
Revenue |
1,00,365.08 |
98,281.51 |
1,28,734.09 |
Profit After Tax |
8,638.27 |
3,674.06 |
3,790.25 |
Net Worth |
37,890.05 |
44,186.29 |
56,470.45 |
Reserves and Surplus |
- |
4,144.83 |
3,777.61 |
Total Borrowing |
1,268.05 |
573.25 |
- |
Coupon Rates of Adani Enterprises Limited NCD 2025
# |
Series 1 |
Series 2 |
Series 3 |
Series 4 |
Series 5 |
Series 6 |
Series 7 |
Series 8 |
Frequency of Interest Payment |
Annual |
Cumulative |
Quarterly |
Annual |
Cumulative |
Quarterly |
Annual |
Cumulative |
Nature |
Secured |
Secured |
Secured |
Secured |
Secured |
Secured |
Secured |
Secured |
Tenor |
24 Months |
24 Months |
36 Months |
36 Months |
36 Months |
60 Months |
60 Months |
60 Months |
Coupon (% per Annum) |
8.95% |
NA |
8.85% |
9.15% |
NA |
9.00% |
9.30% |
NA |
Effective Yield (% per Annum) |
8.95% |
8.95% |
9.14% |
9.14% |
9.15% |
9.30% |
9.29% |
9.30% |
Amount on Maturity (In Rs.) |
Rs 1,000.00 |
Rs 1,187.01 |
Rs 1,000.00 |
Rs 1,000.00 |
Rs 1,300.70 |
Rs 1,000.00 |
Rs 1,000.00 |
Rs 1,560.30 |
Adani Enterprises NCD Rating, NCD Review
Adani Enterprises NCDs have received strong credit ratings from leading agencies. CARE Ratings assigned CARE AA (Stable), while ICRA rated it BWR AA- (Stable). Both indicate a high degree of safety and very low credit risk with a stable outlook.
How do I apply for Adani Enterprises Limited NCD?
You can click here to apply for the Adani Enterprises NCD July 2025.
FAQs
1. What is NCD?
A Non-Convertible Debenture is a fixed-income financial instrument that cannot be converted into equity shares and pays a fixed rate of interest to investors over a specific period. To read more about NCDs click here.
2. When will the Adani Enterprises Limited NCD be open for subscription?
Adani Enterprises Limited NCD issue opens on July 9, 2025, and closes on July 22, 2025.
3. What is the issue size and price of the NCD?
The overall subscription issue size is Rs 1,000 crores. Adani Enterprises NCD issue price is Rs 1000 per NCD, and the face value is Rs 1000 for each NCD. The minimum lot size is 10 NCD.
4. How can I apply for the Adani Enterprises Limited NCD?
You can click here to apply for the Adani Enterprises NCD.
5. Who is appointed as the registrar of Adani Enterprises Limited NCD?
MUFG Intime India Private Limited is appointed as the registrar for Adani Enterprises NCD.
6. Lead manager for the Adani Enterprises Limited NCD?
Adani Enterprises Limited NCD lead managers are Nuvama Wealth Management Limited, Trust Investment Advisors Private Limited, Tipsons Consultancy Services Private Limited.
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