An NCD IPO is a way for companies to raise money from the public by issuing Non-Convertible Debentures (NCDs). NCD IPOs are similar to equity IPOs, but NCDs offer fixed income securities instead of equity shares. Here are the key features of an NCD IPO:
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NCD
This report provides a consolidated view of ongoing and
upcoming
NCD public issues in India, with key details such as issue timelines, interest
rates, tenure,
issue size, and listing exchanges. It helps investors track available NCD offerings,
compare key terms at a glance,
Public NCD Issues Open in India 2026
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Total Records: 1
| Company | Opening Date | Closing Date | Issue Amount - Base (Rs.cr) | Issue Amount - Shelf (Rs.cr) |
|---|---|---|---|---|
| Capri Global Capital Limited NCD (Capri Global Capital Tranch I March 2026 NCD) | Apr 15, 2026 | Apr 28, 2026 | ₹500.00 Cr | ₹2,000.00 Cr |
Frequently Asked Questions NCD IPO
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What is an NCD IPO?
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Why company issue NCD?
NCDs allow the companies to borrow money from investors by offering a fixed interest rate over a defined period. Unlike convertible debentures, NCDs cannot be converted into company shares, making them a debt instrument.
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What is the full form of NCD?
NCD refers to Non-Convertible Debenture (NCD). This is a type of debenture issued by companies to raise capital and cannot be converted into shares in the company. Instead, investors receive fixed interest payments and their capital back on maturity.
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Is NCD safe to invest?
Secured NCDs are considered safer because the company’s assets back them. If the company cannot pay the interest, investors can get their money back by selling the company’s assets. However, they offer lower interest rates compared to unsecured NCDs. On the other hand, unsecured NCDs carry a higher risk as the company's assets do not back them.
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How does NCD work?
Non-convertible debentures (NCDs) allow investors to lend money to a company for a fixed interest rate over a defined tenure. Companies issue NCDs to raise funds for purposes such as expansion, working capital, or debt repayment. Investors receive periodic interest payments, and the principal amount is repaid at maturity. Listed NCDs can also be bought or sold on stock exchanges, providing liquidity to investors.
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How to buy NCD online?
Non-convertible debentures (NCDs) can be purchased through the primary market via an NCD IPO or in the secondary market. Investors can apply offline or online for the NCD IPO by submitting a physical application form to an intermediary using the ASBA mechanism. Retail investors can also use the UPI mechanism. When applying online, investors must provide NCD details, depository participant (DP) details, and payment information. Verifying whether your broker supports online applications for NCD IPOs is a must.
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Where are NCD listed?
Each NCD is assigned a unique symbol within the trading system, which includes a series identifier to distinguish it from other securities.
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