Adani Enterprises Limited has opened a new ₹1,000 crore Non-Convertible Debenture (NCD) public issue, giving investors a chance to earn up to 8.90% annual returns — higher than many bank fixed deposits. The issue is available on a first-come, first-served basis.
If you’re looking for better and more stable returns than bank FDs, Adani Enterprises Limited, the flagship company of the Adani Group, has introduced a new opportunity.
The company has launched a ₹1,000 crore NCD (Non-Convertible Debenture) public issue, which opened for subscription on January 6, 2026. Investors can earn returns of up to 8.90% per year.
This is the third public bond issue from Adani Enterprises.
Base issue size: ₹500 crore
Green shoe option: up to ₹500 crore
If demand rises, the company can raise the total to ₹1,000 crore.
The issue will remain open until January 19, 2026, and allotment will be done on a first-come, first-served basis. The company may close or extend the issue depending on demand.
A key highlight is that 35% of the issue is reserved for retail investors, increasing their chances of allotment.
Adani Enterprises’ previous NCD issues in 2024 and 2025 received strong responses, with one getting fully subscribed within hours.
Adani Group CFO Jugeshinder “Robbie” Singh said this third NCD issue will further strengthen the company’s access to capital markets and allow retail investors to participate in long-term infrastructure growth across sectors such as airports, roads, data centers, and green hydrogen.
The NCDs are secured, rated, listed, and redeemable.
They carry a AA- rating with Stable outlook from ICRA and CARE Ratings — indicating strong repayment capability and financial stability.
Minimum investment: ₹10,000
Further investments in multiples of ₹1,000
Tenure options available:
24 months
36 months
60 months
Interest payout options include quarterly, annual, and cumulative plans across 8 different series.
24 months: up to 8.60% p.a.
36 months:
8.48% (quarterly)
8.75% (annual)
60 months:
8.62% (quarterly)
8.90% (annual)
Interest earned will be taxed as per your income tax slab.
75% of the funds will go toward prepayment or repayment of debt related to Adani Enterprises.
25% will be used for general corporate purposes.
Lead managers include Nuvama Wealth Management, Trust Investment Advisors, and Tipsons Consultancy.
Most major banks currently offer 7%–7.5% interest on 5-year FDs.
In comparison, this NCD offers returns up to 8.90%, along with the benefit of being secured, meaning bondholders get priority if financial issues arise.
Despite strong ratings, there are risks:
Ratings can be downgraded in the future
Selling bonds before maturity may be difficult
Corporate controversies could affect bond prices
Adani Enterprises’ stock has surged around 354% in the past five years, outperforming benchmark indices.
With major projects such as the Navi Mumbai airport, AI data centers, and multiple road and ropeway projects, the company continues to expand its infrastructure footprint.
Conclusion
The Adani Enterprises NCD public issue offers higher returns than FDs, strong credit ratings, and multiple tenure options — making it an attractive choice for investors seeking steady income with relatively lower risk.