The Adani Enterprises NCD subscription for August 2024 opens on September 04, 2024. Furthermore, these NCDs offer an attractive interest rate of 9.9%. Additionally, they are rated CARE A+/Positivr by CARE Ratings Limited. The NCD’s tenure is for 24, 36, and 60 months.
Table of contents
- Adani Enterprises NCD August 2024 Overview
- Company Details
- Tenure & Interest Rates
- Allocation Ratio
- How to apply for Adani Enterprises NCD August 2024?
- Adani Enterprises NCD August 2024 Allotment Status
- Adani Enterprises NCD August 2024 Registrar
- Adani Enterprises NCD August 2024 Lead Manager
- Adani Enterprises Limited Contact
- Adani Enterprises NCD August 2024 FAQs
Adani Enterprises NCD August 2024 Overview
| Security Name | Adani Enterprise Limited |
| Security Type | Secured NCDs |
| NCD Issue Open | September 4, 2024 |
| NCD Issue Close | September 17, 2024 |
| NCD Issue Size (Base) | ₹400 Cr |
| NCD Issue Size (Oversubscription) | ₹400 Cr |
| Overall Issue Size | ₹800 Cr |
| Price Band | ₹1000 per NCD |
| Face Value | ₹1000 per NCD |
| Interest Rate | |
| Minimum Lot Size | 10 NCD |
| Listing on | BSE, NSE |
| Credit Rating | CARE A +/ Positive by CARE Ratings Limited |
| Tenor | 24, 36, and 60 Months |
| Series | Series I to VIII |
| Basis of Allotment | First Come First Serve Basis |
| Payment Frequency | Quarterly, Annual and Cumulative |
| DRHP Document | Click Here |
| RHP Document | Click Here |
Company Details
Adani Enterprises Limited is a key part of the Adani Group, one of India’s leading business conglomerates known for its energy and infrastructure projects. The company has a strong track record of successfully executing large-scale projects and is one of India’s largest business incubators by market capitalization. Adani Enterprises focuses on developing businesses in four main sectors: energy and utilities, transportation and logistics, consumer goods, and primary industries.
Since 1993, they’ve built sustainable infrastructure businesses by investing in and nurturing new ventures, which they eventually spin off as independent companies. Some of their successful ventures include 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. These companies have grown significantly after being listed, showcasing Adani Enterprises’ ability to create and scale businesses effectively.
Tenure & Interest Rates
| Opt | Frequency of Interest Payment | Tenure | Coupon (% PA) | Eff. Yield (% PA) | Amount on Maturity (In ₹) |
|---|---|---|---|---|---|
| Series 1 | Annual | 24 Months | 9.25% | 9.25% | ₹1000.00 |
| Series 2 | Cumulative | 24 Months | NA | 9.25% | ₹1193.56 |
| Series 3 | Quarterly | 24 Months | 9.32% | 9.65% | ₹1000.00 |
| Series 4 | Annual | 36 Months | 9.65% | 9.65% | ₹1000.00 |
| Series 5 | Cumulative | 36 Month | NA | 9.65% | ₹1318.34 |
| Series 6 | Quarterly | 60 Month | 9.56% | 9.9% | ₹1000.00 |
| Series 7 | Annual | 60 Month | 9.9% | 9.89% | ₹1000.00 |
| Series 8 | Cumulative | 60 Month | NA | 9.9% | ₹1603.62 |
Allocation Ratio
| Category | Allocation |
|---|---|
| Institutional | 10% |
| Non-Institutional | 30% |
| HNI | 30% |
| Retail | 30% |
How to apply for Adani Enterprises NCD August 2024?
Investors can conveniently apply for the NCD IPO electronically via the Internet banking facility. However, this option is available only if the SCSB where the investor’s ASBA account is maintained provides this service. Consequently, investors should ensure that their SCSB offers electronic application services to take advantage of this streamlined process.
The following are the general steps to apply for an NCD IPO through SCSB:
- The investor can start by logging into their Internet banking account.
- Next, visit the ‘Investments’ section.
- Then, look for the debentures/bonds/NCD section.
- Consequently, a list of active/current NCDs will be displayed.
- After that, select the NCD for which you wish to make an application.
- Following this, choose ASBA and enter the required NCD details.
- Finally, submit the application.
Once the application is submitted, SCSB will upload the offer on the exchange platform and block the funds from the ASBA account.
Adani Enterprises NCD August 2024 Allotment Status
Adani Enterprises NCD’s issue allotment is available on LinkIntime. To check, Firstly follow the steps below:
- Firstly, Visit the BSE status of the issue application page.
- Then, Select the Issue type – Debt.
- Select the Issue name from the drop-down list.
- Enter your application number or PAN.
- Tick the ‘I’m not a robot’ button.
- Finally, Click on Search and check the status.
Adani Enterprises NCD August 2024 Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.
Marg, Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: adanienterprises.ncd2024@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Adani Enterprises NCD August 2024 Lead Manager
- rust Investment Advisors Private Limited
- A.K. Capital Services Limited
- Nuvama Wealth Management Limited
Adani Enterprises Limited Contact
Adani’s 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/
Adani Enterprises NCD August 2024 FAQs
It will open on September 04, 2024, and will close on September 17, 2024.
The price for each NCD is set at ₹1000.
The total issue size for the NCD is ₹400 crores.
It will be listed on BSE and NSE platforms.
You can apply for the NCD either online or offline through your existing Demat account.
For the latest news on Upcoming IPOs and IPO GMP, follow IPOGMP.IN. Additionally, connect with us on Twitter, Facebook, and Instagram.
