Feature	Equity Shares	CCPS (Compulsorily Convertible Preference Shares)	NCPS (Non-Convertible Preference Shares)	Debentures (NCDs)
Nature	Ownership capital	Hybrid (initial preference, later equity)	Hybrid (preference only)	Debt instrument
Ownership	Full ownership	Becomes ownership after conversion	Limited ownership rights	No ownership (creditor)
Return Type	Dividends + capital appreciation	Dividend (if any) + equity upside after conversion	Fixed/preferential dividend	Fixed interest income
Return Certainty	Not guaranteed	Moderate (depends on conversion value)	More stable than equity	More predictable (subject to default risk)
Voting Rights	Yes	Limited before conversion, full after conversion	Usually no (except special cases)	No
Priority in Dividend	Last	Before equity (till conversion)	Before equity	Not applicable
Priority in Liquidation	Last	Before equity	Before equity	Before shareholders
Risk Level	High	Medium to High	Medium	Low to Medium
Conversion Option	Not applicable	Mandatory conversion into equity	No conversion	No conversion
Security	Unsecured	Usually unsecured	Usually unsecured	Secured or unsecured
Tenure	No fixed tenure	Fixed conversion timeline	May have fixed tenure	Fixed maturity period
Income Stability	Uncertain	Moderate	Relatively stable	Stable (fixed payouts)
Suitable For	Growth investors	Investors seeking upside + some protection	Income-focused with lower risk	Conservative income investors
Taxation (India)	Capital gains tax	Capital gains after conversion & sale	Dividend + capital gains	Interest taxed as income

Quick Summary

• Equity Shares → High risk, highest growth potential
• CCPS → Bridge between debt & equity (safe entry + future upside)
• NCPS → Stable income with priority benefits
• NCDs → Fixed return, lowest risk among these

• These are preference shares that must convert into equity shares after a specified period or event
• Investors benefit from:
  • Downside protection (preference rights)
  • Upside potential (equity conversion)

• These do not convert into equity
• They provide:
  • Fixed dividend (if declared)
  • Priority repayment over equity holders
• Suitable for investors seeking stable returns with lower risk than equity

• Debt instruments issued by companies
• Offer fixed interest income
• Do not convert into equity
• Can be secured or unsecured

• Market risk (price fluctuations)
• Credit risk (issuer default, especially for NCDs)
• Liquidity risk (difficulty selling before maturity)
• Business risk (company performance impacts returns)

No, the company does not guarantee, assure or promise any returns, dividends, interest, or capital appreciation.

• Equity and CCPS returns depend on company performance
• NCPS dividends are subject to company profits
• NCD returns are fixed but subject to issuer’s ability to pay

The minimum investment depends on the specific offering and will be disclosed in the offer details.

• Equity: May be transferable, subject to restrictions
• CCPS: Exit typically upon conversion or liquidity event
• NCPS/NCDs: Exit depends on terms (may have lock-in or maturity period)

Priority of payout is generally as follows

1. Secured creditors (including secured NCD holders)
2. Unsecured creditors
3. Preference shareholders (CCPS/NCPS)
4. Equity shareholders

The order of payout in the event of liquidation, winding up or insolvency shall be strictly governed by the applicable laws and specific terms of issue.

• Equity shareholders: Yes
• CCPS: Usually limited until conversion
• NCPS: Typically no voting rights (except in special cases)
• NCD holders: No voting rights

• Equity: Dividends (if declared) + capital appreciation
• CCPS: Dividends (if applicable) + equity upside after conversion
• NCPS: Fixed dividends (if declared)
• NCDs: Fixed interest payments

Yes, investments are subject to applicable laws and regulations in India, including oversight by authorities such as Securities and Exchange Board of India.

• Allotment letter
• Demat credit
• Term sheet / offer document

In case of inconsistency between this FAQ and the offer documents, the offer documents shall prevail.

• Yes, you may require Demat account

You can track your investment through following:

• Investment status
• Returns/dividends
• Portfolio performance

directly through the investment portal dashboard.

• Equity: Capital gains tax
• Preference shares: Dividend taxation + capital gains
• NCDs: Interest taxed as income

Tax treatment depends on applicable laws and your individual situation.

• Contact the platform support team
• Or refer to the issuer/company details in your investment documents

Yes, the investors can take advice from independent legal, tax and financial advisors before taking any investment decision.

No, the company shall not be liable for any loss, damage or consequences arising from investment decisions made based on information provided on the website or FAQ.

Yes, the company reserves the right to reject, refuse or restrict any investment or investor participation without assigning any reasons, subject to applicable laws and internal policies.

Yes, the company reserves the right to update, modify or amend this FAQ at any time without any prior notice.

By accessing the platform and proceeding with any investment, investors acknowledge that they have read, understood and accepted the disclosures and conditions stated herein.