Adani Enterprises launches new ₹1,000-crore public NCD issue

has announced its third public issue of secured, rated, listed, redeemable non-convertible debentures (NCDs), targeting up to ₹1,000 crore in total mobilisation. The offering has a base issue size of ₹500 crore and includes a green shoe option of up to ₹500 crore, enabling the company to retain oversubscription and scale the issue to the full ₹1,000 crore. The issue opens on January 6, 2026 and closes on January 19, 2026, with allotment on a first-come, first-served basis, and the NCDs are planned to be listed on both BSE and NSE. Each NCD has a face value of ₹1,000, with a minimum application of 10 NCDs (₹10,000). The instruments offer an effective yield of up to 8.90% per annum and carry ratings of CARE AA- (Stable) and ICRA AA- (Stable), indicating low credit risk as per the rating agencies’ opinion. Proceeds are primarily earmarked for repayment/prepayment of existing borrowings (including interest), with up to 25% allocated for general corporate purposes. The NCDs are offered across 24-, 36- and 60-month tenures, with quarterly, annual and cumulative interest options across eight series, and the lead managers include Nuvama Wealth Management, Trust Investment Advisors and Tipsons Consultancy Services. AEL’s prior ₹1,000-crore NCD issue in July 2025 was reported as fully subscribed within three hours on day one, highlighting prior retail demand for its listed debt offerings. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.