Public issues of NCDs and bonds in India: 1 open for subscription now, 0 upcoming, and recent public issues on NSE and BSE. 5 public NCD and bond issues have opened in 2026 so far. Each issue has its own page with the coupon for every series, rating, dates, minimum investment and prospectus.
Updated 5 Nov 2026, 5:47 pm from the NSE and BSE public issue pages. Methodology and sources
NCD issues open now
| Issuer | Dates | Coupon | Tenor | Rating | Issue size |
|---|---|---|---|---|---|
| Muthoot Fincorp | 23 Oct 2026 – 5 Nov 2026 | 8.56%–9.25% | 2 years–6 years | Rated by Crisil, Brickwork | ₹500 crore |
Upcoming NCD and bond issues 2026
No upcoming public NCD issue has been announced on NSE or BSE yet. New issues usually appear here a few days before they open; private placements, which most companies use, are listed under bond issues this week.
Bond issues this week · List of bonds in India · Look up a bond by ISIN
Latest public NCD and bond issues
| Issuer | Opened | Coupon | Tenor | Rating | Issue size |
|---|---|---|---|---|---|
| SMC Global Securities | 5 Oct 2026 | 9.5%–10% | 2 years–5 years | ICRA A | ₹150 crore |
| Nashik Municipal Corporation | 25 Feb 2026 | 8.05% | 3 years–10 years | IND AA+, CRISIL AA+ | ₹200 crore |
| IIFL Finance | 17 Feb 2026 | — | — | — | — |
| Power Finance Corporation | 16 Jan 2026 | 6.85%–7.3% | 5 years–15 years | CRISIL AAA, CARE AAA, ICRA AAA | ₹5,000 crore |
| SMC Global Securities | 16 Oct 2025 | 9.75%–10.25% | 2 years–5 years | ICRA A | ₹150 crore |
| Surat Municipal Corporation | 6 Oct 2025 | 8% | 4 years–5 years | IND AA+, CRISIL AA+ | ₹200 crore |
| Sammaan Capital | 15 Jul 2025 | 8.42%–9.95% | 2 years–10 years | CRISIL AA, ICRA AA | ₹2,000 crore |
| UGRO Capital | 3 Apr 2025 | 10%–10.5% | 18 months–42 months | IND A+ | ₹200 crore |
| SMC Global Securities | 2 Apr 2025 | 10%–10.5% | 2 years–5 years | ICRA A | ₹150 crore |
| Sammaan Capital | 27 Feb 2025 | 8.88%–10.75% | 2 years–10 years | CRISIL AA, ICRA AA | ₹2,000 crore |
| Sammaan Capital | 9 Dec 2024 | — | — | — | — |
| IIFL Home Finance | 6 Dec 2024 | — | — | — | — |
| UGRO Capital | 10 Oct 2024 | 10.15%–10.4% | 18 months–30 months | IND A+ | ₹200 crore |
| SMC Global Securities | 19 Jul 2024 | 9.94%–10.4% | 2 years–5 years | CRISIL A, ICRA A | ₹150 crore |
| Indiabulls Housing Finance | 13 May 2024 | 8.88%–10.75% | 2 years–10 years | CRISIL AA, ICRA AA | ₹2,000 crore |
| UGRO Capital | 8 Feb 2024 | 10.25%–11% | 18 months–27 months | IND A | ₹200 crore |
| U Gro Capital | 5 Sep 2022 | 10.15%–10.52% | — | ACUITE A+, ACUITE A, CRISIL A-, CRISIL A | ₹100 crore |
| Dhani Loans and Services | 19 Apr 2022 | 10.03%–11% | 2 years–3 years | IVR AA | ₹200 crore |
| U Gro Capital | 7 Apr 2022 | 10%–10.9% | — | ACUITE A+, ACUITE A | ₹100 crore |
| U Gro Capital | 8 Nov 2021 | 10.03% | 9 months–27 months | ACUITE A | ₹50 crore |
| JM Financial Products | 23 Sep 2021 | 7.91%–8.3% | 39 months–100 months | CRISIL AA, ICRA AA | ₹1,500 crore |
| Piramal Capital and Housing Finance | 12 Jul 2021 | 8.1%–9% | 26 months–10 years | CARE AA, ICRA AA | ₹2,000 crore |
| Shriram Transport Finance Company | 6 Jan 2020 | 8.52%–9.1% | 3 years–7 years | CRISIL AA+, CARE AA+, IND AA+ | ₹1,000 crore |
| Tata Capital Financial Services | 13 Aug 2019 | 8.35%–8.85% | 3 years–10 years | CRISIL AAA, CARE AAA | ₹4,126 crore |
| India Infoline Finance | 6 Aug 2019 | 12.75% | 6 years | CRISIL AA- | — |
| Edelweiss Housing Finance | 8 Jul 2016 | 9.5%–10% | 3 years–10 years | ICRA AA, CARE AA, BWR AA+ | — |
Questions and answers
Which NCD issues are open now?
The "Open now" table on this page lists every public issue of NCDs or bonds that is open for bidding on NSE or BSE today, with its closing date, coupons, tenors, rating and size. Issues can close early if they are fully subscribed.
Where can I find upcoming NCD issues?
Issues appear in the "Upcoming" table as soon as NSE or BSE lists them, usually a few days before they open. The issuer files its prospectus with the exchanges before the issue opens.
How do I apply for an NCD public issue?
Through your bank's net banking (ASBA) or your broker's app using UPI, while the issue is open. You need a demat account; the NCDs are credited there and listed on the exchange a few days after the issue closes.
What is the minimum investment in an NCD issue?
Most public NCD issues have a face value of ₹1,000 and a minimum application of ₹10,000 (10 NCDs) across all series. Each issue page shows its own minimum.
Are NCDs safe?
NCDs are not bank deposits and are not insured. Safety depends on the issuer: check the credit rating and the rating agency's rationale, whether the NCDs are secured, and the issuer's other bonds on its issuer page before applying.
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.
