Billionaire Gautam Adani’s flagship company, Adani Enterprises, is preparing to raise ₹1,000 crore through a retail bond issue, according to recent stock exchange filings. This marks the conglomerate’s second foray into the public debt market within a year, indicating a growing interest in leveraging retail capital for business expansion.
The company has submitted a draft prospectus, revealing a base issue size of ₹500 crore, with a green-shoe option of an additional ₹500 crore, which would allow the firm to retain oversubscription in case of high demand. The bond issue will be managed by Nuvama Wealth Management, Trust Investment Advisors, and Tip Sons Consultancy Services.
Although specific details such as the coupon rate (interest rate), tenure, and launch date are yet to be finalized, the issue has received a AA- rating from both ICRA and Care Ratings, which indicates a relatively stable and low credit risk profile for potential investors.
This move follows the company’s maiden retail bond issue in September 2024, through which it successfully raised ₹800 crore, reflecting strong investor interest. The current offering is seen as part of a broader trend, with more large corporations turning to retail bond markets to secure funding, especially as equity markets remain volatile and investor preference shifts toward fixed-income products.
The development reinforces Adani Enterprises’ strategy to diversify its funding sources while taking advantage of increased retail investor appetite for debt instruments with predictable returns.
