Adani Enterprises Limited, a flagship entity of the Adani Group, has launched a new secured NCD issue in July 2025. With a strong market presence across infrastructure, energy, and logistics sectors, this NCD issue is expected to attract investors looking for consistent income through fixed returns. In this article, we will review the Adani Enterprises NCD July 2025 issue, covering its key features, interest rates, credit ratings, financials, and whether it makes sense to invest.
About Adani Enterprises Limited
Adani Enterprises was originally incorporated in 1993 as Adani Exports Limited and later renamed. It operates as the incubator of Adani Group’s new businesses, having successfully spun off entities such as Adani Ports, Adani Power, Adani Green Energy, Adani Total Gas, and Adani Wilmar. As of June 30, 2024, the total market capitalization of these businesses exceeded ₹ 16,200 billion (~USD 194 billion).
Adani Enterprises NCD July 2025 – Issue Details
- Issue Period: July 9, 2025 to July 22, 2025
- Type: Secured, Redeemable, Non-Convertible Debentures
- Base Issue Size: ₹ 500 Crores
- Green Shoe Option: ₹ 500 Crores
- Total Issue Size: ₹ 1,000 Crores
- Face Value / Issue Price: ₹ 1,000 per NCD
- Minimum Investment: ₹ 10,000 (10 NCDs)
- Listing: BSE and NSE
- Allotment Basis: First Come First Serve
- Debenture Trustee: Catalyst Trusteeship Limited
Adani Enterprises NCD July 2025 – Interest Rates
The NCD issue offers 8 series options across tenors of 24 to 60 months. Here is a summary of coupon rates and yields:
| Series | Tenor | Interest Frequency | Coupon Rate (p.a.) | Effective Yield (p.a.) | Maturity Amount (₹) |
|---|---|---|---|---|---|
| 1 | 24M | Annual | 8.95% | 8.95% | 1,000.00 |
| 2 | 24M | Cumulative | NA | 8.95% | 1,187.01 |
| 3 | 36M | Quarterly | 8.85% | 9.14% | 1,000.00 |
| 4 | 36M | Annual | 9.15% | 9.14% | 1,000.00 |
| 5 | 36M | Cumulative | NA | 9.15% | 1,300.70 |
| 6 | 60M | Quarterly | 9.00% | 9.30% | 1,000.00 |
| 7 | 60M | Annual | 9.30% | 9.29% | 1,000.00 |
| 8 | 60M | Cumulative | NA | 9.30% | 1,560.30 |
Credit Ratings of the NCDs
- CARE Ratings: CARE AA- (Stable) – High degree of safety, very low credit risk
- ICRA Ratings: ICRA AA- (Stable) – High degree of safety, very low credit risk
Objects of the Issue
The company intends to use the proceeds for:
- Prepayment or repayment of existing borrowings
- General corporate purposes
Adani Enterprises Financial Performance
Below is a snapshot of financials over the last 3 years (₹ in Crores):
| Period | Revenue | PAT | Assets | Net Worth |
|---|---|---|---|---|
| FY2023 | 1,28,734 | 3,790 | 1,41,488 | 56,470 |
| FY2024 | 98,281 | 3,674 | 1,60,732 | 44,186 |
| FY2025 | 1,00,365 | 8,638 | 1,98,136 | 37,890 |
While revenue saw a marginal increase in FY25, PAT more than doubled. However, a declining net worth needs monitoring.
Why to Invest in Adani Enterprises NCD July 2025?
- High coupon rates up to 9.30% yield
- Backed by Adani Group, a reputed business house
- NCDs are secured in nature
- Ratings of AA/AA- from CARE and ICRA
- Variety of options to suit different investor needs (frequency and tenure)
Why Not to Invest?
- Net worth has declined year-on-year
- High promoter group debt exposure in some group entities
- Market perception risks linked to Adani Group controversies
- NCDs are not risk-free despite high ratings
How to Apply?
Investors can apply via:
- Net banking ASBA under “IPO/NCD” section
- Using UPI-enabled apps for investments up to ₹ 5 lakhs
- Submitting physical forms at designated broker centers
Conclusion: Should You Invest?
Adani Enterprises NCD July 2025 offers attractive yields and comes from a large, diversified conglomerate. With multiple interest payment options and AA category ratings, it suits conservative investors looking for predictable returns. However, one should weigh promoter-level financial exposure and group reputation risks. Invest only if you understand the business and associated risks.
FAQs
- What is the interest rate offered in Adani Enterprises NCD July 2025?
The coupon rate ranges between 8.85% to 9.30% per annum depending on the chosen series. - Is the interest taxable?
Yes. Interest income is fully taxable as per your applicable tax slab. - Can I sell these NCDs before maturity?
Yes, since the NCDs are listed on NSE and BSE, you can sell them in the secondary market. Liquidity, however, may be limited. - Is there any TDS on interest?
For NCDs held in demat mode, there is no TDS. For physical form, TDS may be applicable. - Who can apply to this NCD issue?
Resident individuals, HUFs, NRIs (only on non-repatriation basis, if permitted), corporates, and institutions can apply. - Are these NCDs secured?
Yes, these are secured NCDs backed by 110% security cover as per the prospectus. - What is the risk involved?
While credit-rated and secured, they still carry interest rate risk, company performance risk, and potential group-level reputational risks.
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Why ADANI is raising a small sum of Rs.1000 Crore considering the group overall Networth?
Though it is small, it comes with low interest rate.
DEAR SURESH JI,
YOU HAVE NICELY SUMMARISED ADANI NCD ISSUE.
FAQs explain all the queries.
Only issue unanswered is whether Sr Citizens will get any advantage?
I presume it is none,
No special advantage.
Recommendation should be given after analysis of the issue
Its there in the last line of the article before FAQs