Adani Group’s flagship firm saw heavy demand for its third public bond issue, with subscriptions crossing more than twice the offer size on the first day, according to people familiar with the transaction. Adani Enterprises had aimed to raise ₹10 billion through two, three and five year bonds, but bids had exceeded that amount by late afternoon. Corporate investors led the response, subscribing over four times their allotted portion, followed by high net worth and retail investors. The issue is expected to close ahead of its scheduled January 19 deadline.
This marks the company’s third public bond sale, following issuances in September 2024 and July 2025, both raising ₹10 billion. The current bonds carry annual coupons of 8.60 percent for two years, 8.75 percent for three years and 8.90 percent for five years, with quarterly or cumulative payout options. Nuvama Wealth Management, Trust Investment Advisors and Tip Sons Consultancy Services are managing the issue. Adani Enterprises did not comment on the development.
