Adani Enterprises Ltd's Rs 1,000 crore NCD issue fully subscribed in only 3 hours

New Delhi, July 9: Adani Enterprises Limited's (AEL) second public issuance of secured, rated and listed redeemable, non-convertible debentures (NCD) worth Rs 1,000 crore was fully subscribed within three hours of opening on Wednesday.

The bond issue received bids worth over Rs 1,400 crore by 15.30 hours, the stock exchange data showed.

The offering was on a first-come, first-served basis, which saw participation entirely from the non-institutional segment, including retail investors, high net worth individuals (HNIs) and corporates.

The issue, which was to close on July 22, is likely to see early closure due to the issue being fully subscribed.

According to market experts, what sets this bond issue apart is the strong participation from the non-institutional segment, retail HNIs and corporate investors as the company's fundamentals and credit profile remain robust.