NCD Issue List 2026
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Notes
- NCD: Non-Convertible Debenture. A fixed-income instrument (like a bond) issued by companies.
- Base Issue Amount: The minimum amount the company plans to raise from the NCD issue.
- Shelf Issue Amount: The total size of the issue, including the Base Amount and a "Green Shoe Option," which allows the company to retain oversubscription.
- Credit Rating: An assessment by agencies (like CRISIL, ICRA) of the company's ability to repay its debt. Higher ratings (e.g., AAA) indicate lower risk.
- Dates and amounts are tentative and subject to change as per final filings.
FAQs - NCD Issues
An NCD is a debt instrument issued by a corporation to raise capital from the public. Unlike convertible debentures, these cannot be converted into shares of the company. Investors receive a fixed interest (coupon) at regular intervals and get their principal back at maturity.
A credit rating is an independent assessment of the issuer's financial strength and its ability to make interest and principal payments on time. Ratings like 'AAA' are considered the safest, while 'B' or 'C' ratings indicate higher risk. Always check the rating before investing.
The **Base Issue** is the minimum target amount a company intends to raise. The **Shelf Issue** (or total issue size) includes the Base Issue plus an option (Green Shoe) to accept more money if the issue is oversubscribed, up to a pre-set limit.
NCDs are subject to credit risk (risk of the company defaulting) and interest rate risk. Secured NCDs are safer than Unsecured NCDs. The Credit Rating is the best indicator of safety. High-rated NCDs (AA or AAA) are relatively safe, but all investments carry some level of risk.
NCD Issue data is sourced from exchange filings and public announcements and is subject to change. Figures are indicative and provided for informational purposes only. Investment decisions should be based on thorough research of the prospectus.