Adani Enterprises raises ₹1,000 crore, bond issue sold out in 45 mins; shares trade lower

The base issue of ₹500 crore was snapped in just 10 minutes, and the subscription crossed ₹1,000 crore—after including the greenshoe option—in under an hour.

The issue, which opened on Tuesday, closes on January 19, 2026, with allotment on a first-come, first-served basis. It offers an effective yield of up to 8.90% per annum, according to the company.

The base size is ₹500 crore, with a green shoe option of an additional ₹500 crore.

NCDs are proposed to be listed on BSE and NSE and will be allotted on a first-come, first-served basis.

Rated 'AA-' with a stable outlook by ICRA and CARE Ratings, the NCDs offer competitive yields compared to similarly rated debt and fixed deposits, giving retail investors an opportunity to participate in India's infrastructure growth.

AEL's second NCD issuance of ₹1,000 crore in July 2025 was fully subscribed in just three hours on the first day, reflecting strong investor confidence. Proceeds from at least 75% of the issue will be used to repay existing debt, while the balance may be deployed for general corporate purposes, the statement said.

The NCDs are available in 24-, 36- and 60-month tenors, with quarterly, annual, and cumulative interest payment options across eight series.

AEL continues to expand its infrastructure footprint, including Navi Mumbai International Airport, the Google-Adani AI data centre campus in Visakhapatnam, and multiple road projects across India.

Lead managers for the issue are Nuvama Wealth Management, Trust Investment Advisors and Tipsons Consultancy Services.

Over the past six months, AEL has showcased its ability to execute large-scale projects on time. The Navi Mumbai International Airport was inaugurated on October 8, 2025, and became operational on December 25, 2025.

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

The Nanasa-Pidgaon HAM road project was operationalised in September 2025, marking AEL's seventh active road project.

Additionally, AEL received letters of award for three new projects, including a ropeway connecting Sonprayag and Kedarnath in Uttarakhand and two Bihar Road projects – Munger (Safiabad) to Sultanganj Road and Sultanganj Road to Sabour Road – under the hybrid annuity model.

Adani Enterprises share price

At 2:40 PM, shares of the Gautam Adani-led firm were trading at ₹2,251.80 apiece on NSE, declining 1.22%.

In a month, shares of the firm have gained 2%, while for six months’ time, they have fallen almost 10%. On a year-on-year basis, Adani Enterprises shares have slumped 6%.

The company has a total market capitalisation of ₹2.59 lakh crore, according to data from the NSE.

Shares of Adani Enterprises had touched their one-year high of ₹2,616.50 apiece on September 23, 2025, while their 52-week low of ₹1,967.52 was hit on March 3, 2025.

Adani Enterprises Q2 results

The Adani Group’s flagship company had reported an 84% annual increase in its consolidated net profit to ₹3,199 crore for the September quarter of FY26, compared to ₹1,742 crore logged in the year-ago period.

However, its revenue from operations had slumped 6% year-on-year (YoY) to ₹21,249 crore during the quarter under review, as against ₹22,608 crore in the second quarter of FY25.

AEL has a total market capitalisation of ₹2.56 lakh crore, as of December 30, 2025, according to data on the NSE.