Adani Enterprises Raises Rs 1,000 Crore As Bond Issue Gets Fully Subscribed Within Three Hours

Adani Enterprises Ltd has seen its Rs 1,000 crore enslaved rumor afloat subscribed wrong conscionable 3 hours of opening connected Wednesday. This swift subscription highlights increasing investor assurance successful nan company's offerings. The non-convertible debenture (NCD) issue, primitively group to adjacent connected July 22, mightiness reason early owed to nan afloat subscription. The NCDs connection up to 9.3 per cent yearly interest, attracting important liking from non-institutional investors including unit participants, precocious networth individuals, and corporates.

The accelerated subscription reflects beardown demand, pinch bids exceeding Rs 1,400 crore by early afternoon. This represents Adani Enterprises' 2nd nationalist issuance of secured, rated, listed redeemable NCDs. "What sets this rumor isolated is nan beardown and encouraging information that has wholly travel from nan non-institutional segment. Adna, arsenic a brand, is powerfully resonating pinch nan unit public," noted 1 of nan lead managers. The fame of this issuance underscores nan robust engagement from non-institutional investors.

This caller rumor follows a erstwhile nationalist NCD issuance by Adani Enterprises successful September past year, which raised Rs 800 crore and was 90 per cent subscribed connected its first day. The existent guidelines rumor size was Rs 500 crore, but nan institution exercised a greenshoe action to summation it to Rs 1,000 crore, reflecting investor confidence. Prospective investors were required to use for astatine slightest 10 NCDs, each weighted astatine Rs 1,000, pinch a minimum exertion size of Rs 10,000.

"Retail NHIs and firm investors person responded enthusiastically, reaffirming assurance successful nan company's in installments floor plan and early outlook," added 1 of nan lead managers. At slightest 75 per cent of nan proceeds are earmarked for prepayment aliases repayment of existing debts, pinch nan remainder allocated to wide firm purposes. This strategical usage of costs could further fortify Adani Enterprises' financial standing.

Nuvama Wealth Management Ltd, Trust Investment Advisors Pvt Ltd, and Tipsons Consultancy Services Pvt Ltd acted arsenic nan lead managers for this issue. The NCDs travel successful varying tenures of 24, 36, and 60 months, pinch options for quarterly, annual, and cumulative liking payments crossed 8 different series. Such elasticity successful finance position is apt a facet successful attracting divers investor participation.

The overwhelming consequence to Adani Enterprises' enslaved rumor not only indicates spot successful nan company's business exemplary but besides highlights nan efficacy of its investor engagement strategies. As nan marketplace observes these developments, Adani continues to fortify its position successful nan financial arena done strategical indebtedness guidance and investor relations.

Published on: Jul 9, 2025 6:16 PM IST