NCD Application Process

Navigating the process of applying for an NCD IPO might seem daunting, but it's quite straightforward once you understand the steps. In India, you can submit NCD IPO applications through the ASBA process, the UPI mechanism, or via traditional paper forms. Importantly, these applications must be made in dematerialized form. Let's delve into how you can apply for an NCD IPO, both online and offline.

1. NCD Application Online

You can easily apply for an NCD IPO online through Self-Certified Syndicate Banks (SCSBs) and other intermediaries if they offer this service. Let's explore the different online application methods.

1.1. NCD Online Application via SCSB

If your bank is an SCSB offering internet banking, you can apply for an NCD IPO using their online platform. Here's how:

• Log into your internet banking account.
• Navigate to the 'Investments' section.
• Find the section for debentures, bonds, or NCDs.
• Review the list of active NCDs.
• Choose the NCD you wish to apply for.
• Select ASBA and fill in the required details.
• Submit your application.

After submission, the SCSB will upload it to the exchange platform and block the necessary funds in your ASBA account.

1.2. NCD Online Application through Intermediaries

Here’s a quick guide on how to apply for an NCD IPO through a broker's platform:

1. Log into your broker's platform.
2. Find the Primary Market/Debt/NCD IPO section.
3. Select the desired NCD.
4. Choose the specific series for your investment.
5. Enter the investment quantity or amount.
6. Pick your preferred payment mode.
7. Enter your UPI details if applying via UPI.
8. Provide the ASBA account number if applying via ASBA.
9. Submit your application.
10. Approve the UPI mandate when prompted.

The broker will then upload this information to the exchange platform and coordinate with the SCSB to block funds in the case of ASBA applications.

1.3. NCD Online Application via the Stock Exchange

Retail investors can apply for NCDs through the BSE and NSE platforms using the UPI mechanism. Both exchanges provide web-based platforms, BSE Direct and NSEgoBID, allowing you to apply for NCDs up to ₹5 lakhs using your UPI ID.

To get started, register with either the NSE or BSE, and once you've submitted your bid, it will automatically be uploaded to the exchange’s bidding platform. The funds will be blocked through the UPI mechanism.

1.4. NCD Application through Golden Pi

Golden Pi, a SEBI-registered bond platform, allows you to apply for NCD IPOs via UPI. Here's how:

1. Visit www.goldenpi.com.
2. Navigate to the "Collections" tab.
3. Click on "Best Ongoing IPOs".
4. Select your desired NCD IPO.
5. Choose the series and specify the investment quantity.
6. Enter your name, email, and mobile number for verification.
7. Provide your PAN and demat account details.
8. Enter your UPI ID.
9. Click "Apply IPO".
10. Approve the UPI mandate.

1.5. NCD Application through Indiabonds

Indiabonds provides a platform to invest in various bonds, including NCDs, using UPI or ASBA. To apply:

1. Visit www.indiabonds.com.
2. Go to the 'Products' section.
3. Click on 'Public Issue'.
4. Select your desired NCD.
5. Click ‘Apply Now’.
6. Choose your investor type and category.
7. Select the investment series and quantity.
8. Click 'Invest'.
9. Fill in your personal details.
10. Preview, confirm, and submit the form.
11. Confirm the UPI mandate.

Note: If using ASBA, print, sign, and submit the form at a designated office. For first-time users, personal details must be entered; these are stored for future applications.

2. NCD Application Offline

For those who prefer the traditional route, offline applications are still available. You can submit a physical NCD application form to designated branches of SCSBs or other intermediaries.

You can obtain a physical NCD application form from:

• The Lead Manager's office.
• A Depository Participant.
• A consortium member.

Alternatively, you can download it from the websites of Lead Managers, Stock Exchanges, SEBI, the company itself, or SCSBs.

Steps to Invest in NCD Offline

1. Download or obtain a physical copy of the NCD form.
2. Print it if downloaded.
3. Fill in applicant details, investor category, offer details, client ID, DP ID, and bank account information.
4. Sign the form.
5. Submit it to the stock broker, designated CDP, or RTA office.

2.1. NCD Application Form

The NCD application form is a two-page document. The first page contains the applicant's details and an acknowledgment slip, while the second page provides issue structure, instructions, and the company's and registrar's contact information. The form has a unique application number (UAN), which is pre-printed on physical forms and generated electronically for online forms.

2.2. Sample NCD Application Form

The form includes:

• Issue opening and closing dates, plus the application number.
• Sections to indicate intermediary codes.
• Applicant details like name, address, and contact info.
• Investor category and sub-category.
• Depository details.
• NCD series selection.
• Investment details, including quantity and payment amount.
• ASBA or UPI details.
• Applicant's PAN and signature.
• Space for intermediary's stamp.
• Instructions on the back.

3. NCD Application Status

Once you've applied for an NCD, you can check the status of your application online via the BSE and NSE websites.

To check on the BSE website:

1. Go to the Status of Issue Application page.
2. Select 'Debt' as the issue type.
3. Choose the issuer's name.
4. Enter your application or PAN number.
5. Complete the CAPTCHA.
6. Click 'Search'.

For the NSE:

1. Access the Verify IPO Bid page.
2. Enter your application or PAN number.
3. Click 'Submit'.

Note: To use NSE's online status check, a one-time registration with PAN details is required.

4. Buying NCD in the Secondary Market

Once listed, NCDs can be traded on the stock exchange just like shares, albeit with less liquidity. You can buy NCDs in the secondary market using brokerage platforms or the internet banking facilities of banks that offer bond trading services.

5. Upcoming NCD Issues

Stay updated with upcoming NCD issues by visiting the NCD section on iposcanner.ai. Here, you’ll find information on new NCD applications, reviews, and subscription statuses, all in one convenient location.