A public issue of NCDs is offered to everyone through a prospectus, much like a share IPO. You can apply through your bank (ASBA) or the UPI route, usually from ₹10,000, and the NCDs are listed on BSE or NSE after allotment.
The prospectus sets out the series on offer (tenure, coupon, interest frequency), the rating, the security, the debenture trustee and the issuer's financial statements. Issues often have investor categories with different allotment rules, and allotment may be first come, first served or proportionate.
Public NCD issues are popular with NBFCs and gold loan companies. Read the rating rationale and check the issuer's existing bonds before applying.
Related
Related terms: NCD (non-convertible debenture) · Private placement of bonds · Credit rating · Secured NCD
Before investing, look up the issuer: all its outstanding bonds, rating history and disclosure documents.
This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.
