Within 45 minutes of launching on Tuesday, Adani Enterprises’ Rs 1,000 crore public issuance of non-convertible debentures (NCDs) was fully subscribed, demonstrating a strong market interest for high-rated corporate debt at the beginning of 2026. According to the business, the Rs 500 crore base issue was completed in within ten minutes.
The flagship company of the Adani Group reported that strong demand for its secured NCDs arrived shortly after the issue opened on January 6 at 10:21 am, bringing the total number of subscriptions to Rs 1,000 crore in less than an hour. Even though the issue was supposed to be available until January 19 and be distributed on a first-come, first-served basis, it sold out quickly.
Demand is led by non-institutional investors.
By mid-morning, bids of Rs 651.45 crore were made by non-institutional investors, according to subscription statistics provided by the business. Retail investors bid Rs 87.15 crore, while high net worth people subscribed to Rs 71.90 crore. The statement said that institutional investors had not taken part at that point.
Even though the offer was fully subscribed in a matter of minutes, the total bids at the time of the snapshot were Rs 810.50 crore.
Structure and returns of issues
Adani Enterprises intends to raise up to Rs 1,000 crore through the public offering; if demand is still high, a further Rs 500 crore greenshoe option will be available. The NCDs come with yearly coupons of up to 8.9% and are available for terms of two, three, and five years.
The two-year bonds give 8.60%, the three-year bonds 8.75%, and the five-year bonds 8.90% under the yearly interest payout option. Additionally, investors have the choice of cumulative or quarterly dividends. The problem has an ICRA AA- (Stable) and CARE AA- (Stable) rating.
Large Indian corporations act early in the year to access domestic debt markets and lock in money, and this is Adani Enterprises’ third public bond offering after previous sales in September 2024 and July 2025.
The issue was organized by Nuvama Wealth Management, Trust Investment Advisors, and Tipsons Consultancy Services.
