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What is the minimum investment amount for NCDs (Non-Convertible Debentures)?

The minimum investment for an NCD IPO is the smallest amount an investor can apply for in that specific issue.
Each NCD carries a face value, commonly ₹1,000 per NCD in most public issues.
The issuer also fixes a minimum lot size, which is the smallest number of NCDs an investor must apply for.
If the face value is ₹1,000 and the minimum lot size is 10 NCDs, the minimum investment for that IPO works out to ₹10,000.
This figure is stated clearly in the prospectus of every NCD IPO, along with the specific face value and lot size for that issue.

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