NCD (Non-convertible debentures)

Chapters :

1. Introduction to NCD

NCD (Non-Convertible Debenture) is a long-term fixed-income instrument issued by companies to raise funds from investors.

2. NCD IPO

NCD IPO is the issuance of debt securities by companies to the general public. Unlike Equity IPO, a company can issue NCD IPO multiple times if it needs funds.

3. NCD IPO Process

The process for issuance of NCDs by public companies in India is similar to the IPO process. The issuer has to appoint a merchant banker to issue NCDs.

4. NCD Intermediaries

NCD Intermediaries include the organizations and the individuals engaged in the end-to-end process of issuance of non-convertible debentures and their listing.

5. NCD Offer Document

NCD offering documents are the documents that contain all the necessary information about the issuing company and the issue to help investors make informed decisions about their investment.

6. NCD Investors

In an NCD IPO, different types of investors are invited to subscribe to the issue. NCD IPO also allows institutional and non-institutional, high-net-worth individuals and retail investors to apply for the issue.

7. NCD Application Process

NCD-IPO applications can be filed through the ASBA process, the UPI mechanism and manual paper application forms.

8. NCD Credit Rating

The NCD rating indicates whether the NCD is safe for investment or not. The NCD rating is a value that assesses the ability of the issuer to make its payments at the time of maturity/repayment.