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NCD Issue 2018

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 Issues Open in India 2018

Company Name Issue Open Issue Close Issue Size - Base (Rs Cr) Issue Size - Shelf (Rs Cr) Rating
Kosamattam Finance LimitedDec 27, 2018Jan 25, 2019300
SREI Equipment Finance LtdDec 19, 2018Jan 18, 2019300
ECL Finance LtdDec 13, 2018Jan 05, 20191000
JM Financial Credit Solutions LimitedNov 20, 2018Dec 20, 20181250
Manappuram Finance LimitedOct 24, 2018Nov 22, 20181000
Shriram Transport Finance Company LtdOct 15, 2018Oct 29, 20181350
KLM Axiva Finvest LimitedSep 27, 2018Oct 26, 2018100
Aadhar Housing Finance LtdSep 14, 2018Sep 28, 20183000
Indiabulls Commercial Credit LimitedSep 11, 2018Sep 14, 20182000
Tata Capital Financial Services LimitedSep 10, 2018Sep 18, 20187500
Kosamattam Finance LtdAug 23, 2018Sep 14, 2018250
ECL Finance LtdJul 24, 2018Jul 26, 20182000
Shriram Transport Finance Company LtdJun 27, 2018Jul 20, 20185000
JM Financial Credit Solutions LimitedMay 28, 2018Jun 20, 20182000
Dewan Housing Finance Corporation LimitedMay 22, 2018Jun 04, 201812000
Srei Infrastructure Finance LimitedApr 25, 2018May 16, 2018500
Muthoot Finance LimitedApr 09, 2018May 08, 20183000
Kosamattam Finance LtdMar 15, 2018Apr 13, 2018300
Srei Infrastructure Finance LimitedFeb 09, 2018Mar 07, 2018200

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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