Between this and Samman (previously India bulls) NCD, which one should we go? Indostar is a new and this is their first NCD - and interest rate is attractive too.
Definitely Samman Capital. Better ratings, long track record. Management change will further improve the image, credibility and profitability of company. Now, it's a professionally managed company.
I had a borderline horrible experience the last time I'd investment in Indiabulls NCD. Sleepless nights, extreme anxiety, it all happened to me when things were dodgy and rumors abundant. I wouldn't choose Samman, but then you may choose to go with Anjali Jain's learned opinion.
Retail crossed 2X on first day - And everyone knows on all categories it will cross 2X - Including green shoe option full issue size is 2X only. And I do not understand why people are still applying on retail category.. I see it that it has increased to from 2.1 times to 2.3 times, just in 2 hours today morning. Anyone can throw some light here? Any chances of NCD allotments beyond 2X on retail category? Am I missing anything?
They have shelf size of 5000 crores which is 10 times of issue size, so we can apply till 10x times to get allotments. So, the issue is still open and you can apply. I just found a way to apply as guest user (without creating account) thru edelweiss (nuvama wealth) site. You can also apply thru India bonds etc., I chose nuvama as it is edelweiss (recognized) and allows me as guest to apply. Under 5 lakhs, you can pay using upi mandate. Hope this helps all new bond buyers.
It is already over subscribed for retail category in first day... so I do not think we have any choice here... Should we consider Indiabonds.com or some web sites like that to buy bonds? How reliable they are? Any light on this matter will help in future bonds for beginners.
Guys!! The bonds will close today, if you want to apply, you can apply it today. You can apply through wint wealth and the best option is to apply through your broker.
Experts, pls guide.