Adani Enterprises NCD Subscription Status: Retail investors are liking the non-convertible debentures of Adani Enterprises. This NCD has received 179 percent subscription and today is the second day of investment. Retail investors are investing heavily in it. Investment in Adani Enterprises NCD can be made till September 17. It was opened on September 4. If you are currently looking for a better option for investment, then you have a good opportunity.
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Adani Enterprises’ non-convertible debenture is offering high returns on your investment. The company is paying up to 9.90 per cent annual interest on schemes maturing in different periods. The size of this non-convertible debenture is Rs 800 crore at a face value of Rs 1000. Its base size is Rs 400 crore, while it also has an option of green shoe of Rs 400 crore. Investment in this NCD can be made till 17 September 2024. The NCD will be listed on both BSE and NSE exchanges.
Adani Enterprises NCD : Subscription Status
Adani Enterprises’ non-convertible debenture has been subscribed 1.79 times so far. The reserve portion for retail investors has been filled 2.10 times or 210 percent so far. The reserve portion for HNI has been filled 1.90 times and the reserve portion for NII has been filled 1.97 times so far.
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NCD : Interest up to 9.70% p.a.
There are 8 series of NCDs, in which coupon rates are fixed. There are investment options under NCD for a period of 24 months, 36 months and 60 months. In these, the option of paying interest on annual and monthly basis can be taken. The interest rates for options maturing in different periods range from 9.25 percent per annum to 9.90 percent per annum.
NCD : Investment Limit
The price of one NCD is Rs 1000. Investors will have to invest in at least 10 NCDs. That is, investors will have to invest at least Rs 10,000. It will be allotted on a first come first serve basis based on the date of uploading the application in the electronic book of BSE Limited.
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Rating of NCD
The NCDs to be issued under the issue have been rated “CARE A+; Positive (Single A Plus; Outlook: Positive)” by CARE Ratings. Options with this rating are considered to have a high degree of safety with respect to timely servicing of financial obligations. Such instruments have very low credit risk. The NCDs will be listed on BSE and NSE.
What is NCD?
NCD is a means for companies to raise money from the market. Just like companies raise money through IPO, they also raise money through NCD. When a company raises money through NCD, it takes it as a loan. Therefore, the company has to pay interest on the loan taken. NCD has a fixed maturity date and investors get returns with a fixed interest rate.
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For example, a company has issued an NCD in which you invest. The company pays you interest at a fixed rate on the money you invest in it. The company needs money, so the interest given to you is also higher. NCD has different maturity periods and different interest rates are fixed for it.
(Disclaimer: We have given information about NCD here. This is not an investment advice. There are risks in the market, so consult an advisor before investing. Do a thorough research about NCD.)
