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.
Company Name | Issue Open | Issue Close | Issue Size - Base (Rs Cr) | Issue Size - Shelf (Rs Cr) | Rating |
---|---|---|---|---|---|
Reliance Home Finance Ltd | Dec 22, 2016 | Jan 06, 2016 | 3500 | ||
Kosamattam Finance Ltd | Dec 22, 2016 | Jan 20, 2016 | 300 | ||
SREI Infrastructure Finance Ltd | Sep 07, 2016 | Sep 28, 2016 | 1000 | ||
Indiabulls Housing Finance Ltd | Sep 15, 2016 | Sep 23, 2016 | 7000 | ||
Kosamattam Finance Ltd | May 02, 2016 | May 31, 2016 | 250 | ||
Housing & Urban Development Corporation Ltd | Jan 27, 2016 | Feb 10, 2016 | 500 | ||
Kosamattam Finance Limited | Jan 18, 2016 | Feb 18, 2016 | 100 | ||
IREDA Ltd | Jan 08, 2016 | Jan 22, 2016 | 1716 |
Note:
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I have checked ASBA on HDFC bank & BOB - Can't see the NCDs - only rights issue can be seen.
Thanks in advance