Who can issue NCD?

NCDs can be issued by private companies, public companies and government organizations.

The issuance of NCDs can be done either as a private placement or public offering. In private placement, a specific set of investors are invited to apply for the issue. In public offering, the issue is offered to the general public just as done in IPO (initial public offering), hence such an issue is known as NCD IPO.

  SME IPO Enquiry