Three non-convertible debenture issues from Muthoot Fincorp, Edelweiss Financial, and Adani Enterprises will be open for retail participation in July. The minimum investment is Rs 10,000 with coupon rates offering up to 10.50 per cent. The tenure ranges from 24-120 months
Muthoot Fincorp, Edelweiss Financial Services, and Adani Enterprises have announced retail-accessible non-convertible debentures (NCD) in July, offering fixed returns as high as 10.5 per cent per annum. The NCDs are all secured and rated and have tenures ranging from 2-10 years. They also come with a low minimum investment requirement of Rs 10,000, making them accessible to retail investors.
The base issue size stands at Rs 100 crore, with a green shoe option of Rs 190 crore, taking the total subscription to Rs 290 crore. Each NCD is priced at Rs 1,000, and investors have to apply for a minimum of 10 NCDs (Rs 10,000).
A total of 12 series are being offered with tenures ranging from 24-72 months. Interest payout options include monthly, annual, and cumulative. Coupon rates range from 9.20 per cent to 9.81 per cent per annum. The debentures are rated Crisil AA–/Stable and will be listed on the BSE in demat-only format.
The subscription window is from July 4-17, 2025, subject to early closure. Allotment is on a first-come-first-served basis, within defined category limits: institutional (5 per cent), non-institutional (20 per cent), high-net-worth individuals (25 per cent), and retail investors (50 per cent).
Investors can choose tenures of 24, 36, 60, or 120 months. Coupon rates vary from 9 per cent to 10.5 per cent, depending on the series and the interest frequency, with the highest effective yield at 10.49 per cent for the 10-year cumulative option. The issue is rated CRISIL A+/Stable.
Allotment will be made through a category-based first-come-first-served mechanism: retail (40 per cent), HNI (40 per cent), non-institutional (10 per cent), and institutional (10 per cent). The NCDs will be listed on both the BSE and NSE. Subscription is open from July 8-21, 2025.
Adani Enterprises plans to raise up to Rs 1,000 crore through its public NCD issue, comprising a base of Rs 500 crore along with a green shoe option of Rs 500. NCDs are priced at Rs 1,000 each, with a minimum application size of Rs 10,000.
The company is offering a total of eight series with tenures of 24, 36, and 60 months. Interest frequency options include quarterly, annual, and cumulative. Coupon rates range from 8.85 per cent to 9.30 per cent per annum. The highest effective yield reaches 9.30 per cent on the 60-month series.
Rated AA–/Stable by Icra and Care, these secured debentures will be listed on both the BSE and the NSE. Applications will be accepted from July 9-22, 2025, on working days between 10 a.m. and 5 p.m. The allotment will be based on first-come-first-served across four investor categories.