Offer opening date is the first day investors can submit applications to purchase debt securities
An NCD (Non-Convertible Debenture) bid/offer opening date is the first day investors can submit applications to purchase debt securities issued by a company to raise capital. These fixed-income instruments offer higher interest rates than traditional bonds but cannot be converted into equity.
Unlike equity IPOs, NCD allotment is typically done on a first-come, first-served basis.
NCDs have a fixed maturity date, offer regular interest payments, and are rated by agencies to indicate risk.
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