NCD stands for Non-Convertible Debenture. It is a debt instrument issued by companies to raise funds from the public. Unlike convertible debentures, NCDs cannot be converted into equity shares. NCDs typically offer a fixed interest rate and have a specified maturity date, making them an attractive investment option for investors seeking fixed-income instruments.

GMP (Grey Market Premium) in an Initial Public Offering (IPO) refers to the difference between the unofficial market price of a newly listed company's shares in the grey market and its issue price. It is an indicator of market demand and investor sentiment before the shares are officially listed and traded on the stock exchange.

The grey market, or parallel market, is a place where shares of a company are bought and sold outside the official trading channels.

The cut-off price in an IPO means the price at which a company issues its shares. It plays a significant role in price discovery. It helps underwriters understand the interest of investors in an IPO. So they can find the appropriate price within the given range. A fantastic way to increase wealth is through stock market investing. IPOs, in particular, provide an exciting chance to participate in emerging businesses with good potential. You may probably come across the term "Cut-Off Price" when applying for an IPO in India. There are several IPO-related things you might not be aware of. So, this article shall focus on what is the cut off price in IPO and its significance.