The NCD issue process is similar to an IPO. Investors apply for NCDs through a broker, and once the subscription is successful, the NCDs are credited to the investor’s demat account. These bonds are also listed on stock exchanges like BSE and NSE, allowing investors to trade them. NCDs are secured by the company’s assets, offering a safer investment option with regular interest payments until maturity.
NCD Issues Open in India 2024
| Company Name | Issue Open | Issue Close | Issue Size – Base (Rs Cr) | Issue Size – Shelf (Rs Cr) | Rating |
|---|---|---|---|---|---|
| Muthoot Fincorp Limited | Aug 28, 2024 | Sep 10, 2024 | 100 | 2000 | CRISIL AA-/Stable by CRISIL Ratings Limited. |
| Muthoot Mercantile Limited | Aug 23, 2024 | Sep 05, 2024 | 75 | IND BBB/Stable by by India Ratings & Research Private Limited | |
| Chemmanur Credits and Investments Limited | Jul 26, 2024 | Aug 08, 2024 | 40 | IND BBB-/Stable by India Ratings and Research Private Limited. | |
| KLM Axiva Finvest Limited | Jul 22, 2024 | Aug 02, 2024 | 75 | ACUITE BBB/Stable by Acuite Ratings & Research Limited and IND BBB-/Stable by India Ratings & Research Private Limited. | |
| Kosamattam Finance Limited | Jul 19, 2024 | Aug 01, 2024 | 100 | IND A-/Stable by India Ratings & Research Private Limited (IRRPL). | |
| SMC Global Securities Limited | Jul 19, 2024 | Aug 01, 2024 | 75 | CRISILA/Stable by CRISIL Ratings Limited and [ICRA] (A Stable) by ICRA Limited. | |
| Edelweiss Financial Services Limited | Jul 08, 2024 | Jul 22, 2024 | 100 | CRISIL A+/Watch Negative (placed on ‘Rating Watch with Negative Implications’) by CRISIL Ratings Limited. |