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Who can issue NCD?

Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

NCDs can be issued by private companies, public companies and government organizations.

The issuance of NCDs can be done either as a private placement or public offering. In private placement, a specific set of investors are invited to apply for the issue. In public offering, the issue is offered to the general public just as done in IPO (initial public offering), hence such an issue is known as NCD IPO.


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