An extensive list of qualified investors can invest in the NCD public offering. There are three main categories of NCD investors:
Like IPO's and NCD's, each investor category has a portion of the NCD that is reserved. Each NCD has a different number of NCDs that it reserves for each investor category.
Investors in NCD Category 1 are Qualified Institutional Investors, (QIB). Below is a detailed list of these investors:
The NCD Category 2 Investors, Non-Institutional Investors (NII), are the NCD Category 2. Below is a list of qualified NII:
Notice: In some NCDs, category 2 and 3 are combined to create category 2.
Investors in NCD Category 3 are Resident Indian Individuals (RII) or Hindu Undivided Familiess (HUF), who apply for an aggregate value exceeding Rs 5 Lakhs (or Rs 10 Lakhs in some NCDs).
Investors in NCD Category 4 are RII or HUF whose applications aggregate to a value not exceeding Rs 5 lakhs (or even Rs 10 lakhs in certain NCD's).
The The definition of the category may vary from NCD to NCD in a NCD public issue . To choose the right category, please read the NCD IPO prospectus before you apply.