Adani Enterprises Offer Rs 1,000 Crore NCDs From Jan-6: Earn 8.90% Interest With Just Rs 10,000 Investment!

Adani Group's flagship, Adani Enterprises, has launched its third public issue of Rs 1,000 crore worth of non-convertible debentures (NCDs). The total size of the NCDs includes Rs 500 crore as a base issue and a green shoe option of up to Rs 500 crore. The allotment will be on a first-come, first-served basis, offering an 8.90% interest rate per annum.

"This third NCD issuance marks another step in our journey to broaden access to India's capital markets and give retail investors a stake in long-term infrastructure growth. The strong response to our previous offerings reinforces trust in our strategy and financial discipline, and we aim to build on that momentum," said Jugeshinder 'Robbie' Singh, Group CFO, Adani Group.

He further added, "As the incubator for India's next wave of infrastructure, from airports and roads to data centers and green hydrogen, AEL remains focused on creating businesses that will power India's economic transformation."

This third public issue is secured, rated, listed, redeemable, and non-convertible debentures, while holding an 'AA-' rating with a 'Stable' outlook by leading credit agencies like ICRA Limited and CARE Ratings Limited.

Simply put, they have low credit risk and are packed with a high degree of safety regarding timely servicing of financial obligations.

With this competitive offering, Adani Enterprises becomes the only private enterprise outside NBFCs to offer a listed debt product for retail investors.

Adani Enterprises' Rs 1,000 Crore NCDs: Key Features!

1. The base size of Rs 500 crore with a green shoe option of oversubscription up to an additional Rs 500 crore. This takes the total size to Rs 1,000 crore.

2. The issue will open on January 6, and will be available for subscription till January 19, 2026, which includes an option of early closure or extension.

3. The NCDs have a face value of Rs 1,000 each.

4. Bidders can apply for a minimum of 10 non-convertible debentures and in multiples of 1 NCD thereafter. Hence, the minimum application size comes around Rs 10,000.

5. The power-to-ports conglomerate will utilize 75% of the total proceeds for prepayment or repayment or payment, in full or in part, of the indebtedness availed by Adani Enterprises. This could also include any interest on such indebtedness. The remaining 25% will be used for general corporate purposes.

6. Nuvama Wealth Management Limited, Trust Investment Advisors Private Limited and Tipsons Consultancy Services Private Limited are the lead managers to the issue.

How Do Retail Investors Benefit From Adani Enterprises NCDs?

The upcoming non-convertible debentures offer compelling interest rates at a small investment size, which are better than some of the traditional investment schemes, such as fixed deposits offered by banks.

The rate of interest for Adani Enterprises' Rs 1,000 crore worth of NCDs will vary from tenure to tenure. The NCDs are available in tenures of 24 months, 36 months, and 60 months with quarterly, annual, and cumulative interest payment options across eight series.

For a 24-month tenure, the rate is 8.60% per annum. But for a 36-month tenure, the rate is 8.48% on a quarterly basis and 8.75% on an annual basis. In the case of a 60-month maturity period, the rate of interest comes at an impressive 8.62% per quarter and 8.90% per annum.

Accordingly, amidst recent rate cuts and a softer interest rate cycle, Adani Enterprises' proposed NCD issue comes at an opportune time for investors seeking stable, fixed-income avenues.

Prior to this, Adani Enterprises launched its second public issue of Rs 1,000 crore in July last year, which was fully subscribed in just 3 hours of its first day.

Over time, Adani Enterprises has continued to showcase its core strength of timely execution of large-scale projects. In the past six months, Adani Enterprises has strengthened its operations at diverse businesses.

Some of the key bigger projects that Adani Enterprises bagged in the past six months are:

- Navi Mumbai International Airport was inaugurated on 8th October 2025, and its operations commenced on 25th December 2025.

- Google and AdaniConnex announced a partnership in October 2025 to develop India's largest AI data centre campus and new green energy infrastructure in Visakhapatnam, Andhra Pradesh.

- The "Nanasa-Pidgaon" HAM project was operationalized in September 2025; making it the seventh operational road project.

- Received letter of awards for three new projects, which includes the ropeway project between Sonprayag and Kedarnath in Uttarakhand and two projects in Bihar connecting (i) Munger (Safiabad) to Sultanganj Road; and (ii) Sultanganj Road to Sabour Road, under the hybrid annuity mode model.

Coming to Adani Enterprises stock, it has outperformed benchmarks like Sensex and Nifty. Currently, Adani Enterprises is trading at Rs 2,279 apiece on BSE, with a market cap of Rs 2.63 lakh crore as of January 5, 2026. In the past five years, AEL shares have skyrocketed by a breathtaking 354% compared to Sensex and Nifty, who recorded gains of 75% and 83%, respectively.

Adani Enterprises Limited (AEL) is the flagship company of Adani Group, one of India's largest business organisations. Over the years, Adani Enterprises has focused on building emerging infrastructure businesses, contributing to nation-building and divesting them into separate listed entities.