NCD IPO
Know your Application Status, Allotment & more
NCD stands for Non-Convertible Debenture. It is a fixed-income investment where you lend money to a company for a fixed period.
In return, the company pays you interest at a pre-defined rate and returns the principal amount when the NCD matures.
NCDs are generally:
- Issued for a fixed tenure
- Available at a pre-defined interest rate
- Credit-rated
- Listed on stock exchanges
- Subject to applicable SEBI regulations
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