Adani Enterprises’ Rs 1,000 Crore NCD Issue Fully Subscribed Within 45 Minutes; Key Details | Markets News

Last Updated:January 06, 2026, 13:50 IST

Adani Enterprises’ Rs 1,000 crore public issue of non-convertible debentures (NCDs) was fully subscribed within 45 minutes

Gautam Adani. (File Photo).

Adani Enterprises’ Rs 1,000 crore public issue of non-convertible debentures (NCDs) was fully subscribed within 45 minutes of opening on Tuesday, underscoring strong investor appetite for high-rated corporate debt at the start of 2026. The base issue of Rs 500 crore was snapped up in just 10 minutes, the company said.

The flagship Adani Group firm said heavy demand for its secured NCDs came in soon after the issue opened at 10:21 am on January 6, taking total subscriptions to Rs 1,000 crore in less than an hour. The rapid sellout came despite the issue being scheduled to remain open until January 19, with allotment on a first-come, first-served basis.

Non-institutional investors lead demand

Subscription data shared by the company showed non-institutional investors driving demand, accounting for bids worth Rs 651.45 crore by mid-morning. High net-worth individuals subscribed to Rs 71.90 crore, while retail investors placed bids of Rs 87.15 crore. Institutional investors had not participated at that stage, according to the disclosure.

Total bids stood at Rs 810.50 crore at the time of the snapshot, even as the issue went on to be fully subscribed within minutes.

Issue structure and returns

Adani Enterprises plans to raise up to Rs 1,000 crore through the public issue, with an additional Rs 500 crore greenshoe option available if demand remains strong. The NCDs are offered with tenures of two, three and five years, carrying annual coupons of up to 8.9%.

Under the annual interest payout option, the two-year bonds offer 8.60%, the three-year bonds 8.75% and the five-year bonds 8.90%. Investors can also opt for quarterly payouts or a cumulative option. The issue is rated CARE AA- (Stable) and ICRA AA- (Stable).

This is Adani Enterprises’ third public bond issuance, following earlier offerings in September 2024 and July 2025, as large Indian conglomerates move early in the year to tap domestic debt markets and lock in funding.

Nuvama Wealth Management, Trust Investment Advisors and Tipsons Consultancy Services are the arrangers to the issue.

Click here to add News18 as your preferred news source on Google.

Follow News18 on Google. Join the fun, play games on News18. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. To Get in-depth analysis, expert opinions, and real-time updates. Also Download the News18 App to stay updated.

Read More