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NCD Issue in 2019

NCD issue means Non-Convertible Debenture public issue. NCD is a Secure and Redeemable Corporate Bond, a bond issued by a corporation to raise money from the capital market. Unlike equity shares, bondholders do not have any ownership interest in the company. They are also known as securities that do not have any equity element attached to it. NCD are tradable instruments. They are listed with major stock exchanges (BSE and NSE) in India.

When one buys a corporate bond, one lends money to the company. In exchange, the company promises to return the money on a specified maturity date along with a stated rate of interest.

Corporate bonds are debt securities. They are considered as a long-term investment option. The maturity period of these securities ranges from 1 year to 20 years.

The NCD issue process is similar to the IPO process. Investors apply for NCD shares through a broker. Based on the subscription, they receive the number of NCD shares. The NCD's are credited to the demat account and the money gets deducted from the trading/bank account.

NCD Issue in 2019

Company Name Issue Open Issue Close Issue Price (Rs) Issue Size - Base (Rs Cr) Issue Size - Shelf (Rs Cr)
Muthoottu Mini Financiers LimitedMar 18, 2019Apr 16, 20191000100100
L&T Finance LimitedMar 06, 2019Mar 07, 201910005001000
Muthoot Finance LimitedFeb 14, 2019Mar 14, 20191000100650
Indiabulls Consumer Finance LimitedFeb 04, 2019Mar 01, 201910003000
Manappuram Finance LimitedJan 28, 2019Feb 27, 20191000150
India Infoline Finance LimitedJan 22, 2019Feb 01, 201910002500
Shriram Transport Finance Company LtdJan 07, 2019Jan 31, 20191000700
Mahindra & Mahindra Financial Services LtdJan 04, 2019Jan 14, 201910003500

Note:

  • NCD Issue full form is Non-Convertible Debenture public issue. They are corporate bonds with fixed interest and tenures. NCD's are similar to bank FD.
  • NCD public issue is similar to an IPO.
  • NCD's are tradable instruments. Investors can buy/sell in the stock exchange similar to equity shares even before the maturity date arrives.
  • An investor can hold NCD in demat as well as paper certificates.



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