Adani Enterprises NCD opens for subscription on 04 September 2024. The company aims for a base issue size of ₹400 Crores.
About the company
Adani Enterprises Limited, incorporated in 1993, is a subsidiary of Adani Group, which operates in India’s energy and infrastructure sectors. The company has nurtured and grown several successful businesses since its inception. Some of these businesses, like 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 listed independently, with a combined market capitalization of ?16,200 billion (approximately US$194 billion) as of June 30, 2024.
Objectives of the Issue
- Prepayment or repayment, in full or in part, of the existing indebtedness availed by our Company.
- General corporate purposes.
Adani Enterprises NCD Details
| 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) | ₹ 400.00 Crores |
| Issue Size (Oversubscription) | ₹ 400.00 Crores |
| Overall Issue Size | ₹ 800.00 Crores |
| Issue Price | ₹ 1000 per NCD |
| Face Value | ₹ 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 Options and Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 | Series 7 | Series 8 |
|---|---|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Cumulative | Quarterly | Annual | Cumulative | Quarterly | Annual | Cumulative |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 24 Months | 36 Months | 36 Months | 36 Months | 60 Months | 60 Months | 60 Months |
| Coupon (% per Annum) | 9.25% | NA | 9.32% | 9.65% | NA | 9.56% | 9.90% | NA |
| Effective Yield (% per Annum) | 9.25% | 9.25% | 9.65% | 9.65% | 9.65% | 9.90% | 9.89% | 9.90% |
| Amount on Maturity (In ₹) | ₹ 1,000.00 | ₹ 1,193.56 | ₹ 1,000.00 | ₹ 1,000.00 | ₹ 1,318.34 | ₹ 1,000.00 | ₹ 1,000.00 | ₹ 1,603.62 |
Adani Enterprises NCD Rating
The NCDs proposed to be issued under this Issue have been rated A +/Positive Outlook by CARE Ratings Limited.
Company Financials
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 160,731.85 | 141,487.82 | 101,760.19 |
| Revenue | 98,281.51 | 138,175.12 | 70,432.69 |
| Profit After Tax | 3,335.27 | 2,421.60 | 787.70 |
Adani Enterprises NCD Allocation Ratio
Company Promoters
- Gautam S. Adani
- Rajesh S. Adani
Adani Enterprises NCD Lead Manager
- Trust Investment Advisors Private Limited
- A.K. Capital Services Limited
- Nuvama Wealth Management Limited
Adani Enterprises Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: baazarstyle.ipo@linkintime.co.in
Website: www.linkintime.co.in
Company Contact Details
Adani Enterprises Limited
Adani Corporate House, Shantigram,
, Near Vaishno Devi Circle, S. G. Highway
Khodiyar, Ahmedabad 382 42
Phone: +9179 25554412
Email: investor.ael@adani.com
Website: https://www.adanienterprises.com/
Final Thoughts
Non-convertible debentures (NCDs) are a better investment option for those seeking a diversified portfolio. investing in Adani Enterprises NCD is purely your personal choice. make a good study and analysis before you make the investment decision.
Happy Investing
