Adani Enterprises' Rs 1,000 cr public issue of NCDs fully subscribed within 45 min

New Delhi, Jan. 6 -- Adani Enterprises' Rs 1,000 crore public issue of non-convertible debentures (NCDs) was fully subscribed within 45 minutes of opening on Tuesday. The base issue of Rs 500 crore was subscribed in just 10 minutes.

Each application was for a minimum of 10 NCDs and in multiples of 1 NCD thereafter. The minimum application size was worth Rs 10,000.

The base size issue was Rs 500 crore, with an option to retain over-subscription up to an additional Rs 500 crore (Green Shoe Option) aggregating up to Rs 1,000 crore (Issue or Issue Size), according to a company statement. A "Green Shoe" or over-allotment option is a provision in a public offering which allows underwriters to sell more shares than initially planned to meet high...