Who can apply in NCD Public Issue?

A verity of investors is qualified to invest in the NCD public issue. NCD investors are categories into 3 major categories: Category 1 (QIB) Category 2 (NII) Category 3 (HNI) Category 4 (RII) Similar to IPO's, NCD has a reserved portion for each investor category. The number of NCD's reserved under each category varies by the NCD. Category 1 Investors (QIB) The NCD Category 1 Investors are Qualified Institutional Investors (QIB). The detail list of these investors is as below: Resident Public Financial Institutions Statutory Corporations including State Industrial Development Corporations, Scheduled Commercial Banks, Co-operative Banks and Regional Rural Banks Provident Funds, Pension Funds, Superannuation Funds, and Gratuity Fund, which are authorized to invest in the NCDs; Venture Capital funds and/or Alternative Investment Funds registered with SEBI; Insurance Companies registered with the IRDA; National Investment Fund Insurance funds set up and managed by the Indian army, navy or the air force of the Union of India or by the Department of Posts, India; Mutual Funds registered with SEBI; and Systemically Important NBFCs. Category 2 Investors (NII) The NCD Category 2 Investors are Non-Institutional Investors (NII). The list of qualified NII is as below: Bodies corporate and societies Educational institutions Trust including Public/private charitable/religious trusts Association of Persons Scientific and/or industrial research organizations Partnership firms in the name of the partners; Limited liability partnerships Note: In some NCD's the category 2 and category 3 are combined to make category 2. Category 3 Investors (HNI) The NCD Category 3 investors are Resident Indian individuals (RII) and Hindu Undivided Families (HUF) through the Karta who apply for aggregated value exceeding Rs 5 lakhs (or Rs 10 lakhs in some NCD's). Category 4 Investors (RII/HUF) The NCD Category 4 investors are RII and HUF whose applications aggregating to a value, not more than Rs 5 lakhs (or Rs 10 lakhs in some NCD's). Important Note The definition of the category in an NCD public issue may differ by NCD to NCD . Please read the NCD IPO prospectus document before applying in an NCD to choose the correct category.