Adani Enterprises Limited, established in 1993, is a key entity within the Adani Group, operating in India’s energy and infrastructure sectors. The Adani Enterprises NCD IPO is part of its ongoing growth strategy.
Since its inception, the company has cultivated and expanded multiple successful ventures. Notably, businesses such as Adani Ports and Special Economic Zone Limited, Adani Power Limited, Adani Energy Solutions Limited, Adani Green Energy Limited, Adani Total Gas Limited, and Adani Wilmar Limited have been individually listed, achieving a combined market capitalization of ₹16,200 billion (about US$194 billion) as of June 30, 2024.
Adani Enterprises NCD IPO September 2024 Detail
| Issue Open | September 4, 2024 – September 17, 2024 |
| Security Name | Adani Enterprises Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 400.00 Crores |
| Issue Size (Oversubscription) | Rs 400.00 Crores |
| Overall Issue Size | Rs 800.00 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 |
| Credit Rating | CARE A +/Positive by CARE Ratings Limited |
| Tenor | 24, 36, and 60 Months |
| Series | Series I to VIII |
| Payment Frequency | Quarterly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Catalyst Trusteeship Limited |
Adani Enterprises NCD IPO Allocation Ratio
| Category | NCD’s Allocated |
|---|---|
| Institutional | 10% |
| Non-Institutional | 30% |
| HNI | 30% |
| Retail | 30% |
Adani Enterprises Limited NCD IPO Coupon Rates
Adani Enterprises NCD IPO Rating
The NCDs proposed to be issued under this Issue have been rated A +/Positive Outlook by CARE Ratings Limited.
Purpose of the Issue
The Company intends to use the Net Proceeds for the following purposes:
- Prepayment or partial/full repayment of the Company’s existing debt.
- General corporate purposes.
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