NCD Allocation

When an NCD (Non-Convertible Debenture) issue is open for subscription, the total offer is divided among different categories of investors based on a predefined allocation ratio. This ensures fair distribution and encourages participation from all types of investors.

Key Points:

• Institutional Investors include mutual funds, insurance companies, and pension funds.
• Non-Institutional Investors (NII) typically include high-net-worth individuals (HNIs) who invest above Rs 10 lakh.
• Retail Investors are individuals applying for up to Rs 10 lakh.