To further enhance the participation of the non-institutional investors in the corporate bond market, Sebi has "proposed to permit issuers to launch NCDs (non-convertible debentures) or NCRPS (non-convertible redeemable preference shares) with the face value of Rs 10,000".
As per the revised format, an issuer will have to disclose the name as a type of instrument, base size, face value, the option to retain over-subscription, details of coupon, issue opening, and closing date, rating of the instrument, and name of the exchange where it will be listed on the front page of the abridged prospectus (DRHP or RHP).