{"id":5532,"date":"2023-02-02T15:40:35","date_gmt":"2023-02-02T15:40:35","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=5532"},"modified":"2026-02-26T12:55:41","modified_gmt":"2026-02-26T12:55:41","slug":"indore-municipal-corporation-ncd-ipo-february-2023-should-you-invest","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indore\/indore-municipal-corporation-ncd-ipo-february-2023-should-you-invest\/","title":{"rendered":"INDORE MUNICIPAL CORPORATION NCD IPO- February 2023, should you invest?"},"content":{"rendered":"<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-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indore\/indore-municipal-corporation-ncd-ipo-february-2023-should-you-invest\/#High_Yield_AAStable_Rated_Minimum_Investment_10k_Only\" >High Yield\u00a0|\u00a0AA+\/Stable Rated\u00a0|\u00a0Minimum Investment: 10k Only<\/a><\/li><\/ul><\/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\/indore\/indore-municipal-corporation-ncd-ipo-february-2023-should-you-invest\/#Bond_overview\" >Bond overview\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indore\/indore-municipal-corporation-ncd-ipo-february-2023-should-you-invest\/#Issue_related_details_for_each_of_the_series\" >Issue related details for each of the series<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indore\/indore-municipal-corporation-ncd-ipo-february-2023-should-you-invest\/#Allocation_Ratio\" >Allocation Ratio<\/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\/indore\/indore-municipal-corporation-ncd-ipo-february-2023-should-you-invest\/#Investment_Process_for_IMC_NCD_IPO\" >Investment Process for IMC NCD IPO<\/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\/indore\/indore-municipal-corporation-ncd-ipo-february-2023-should-you-invest\/#Issue_analysis\" >Issue analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indore\/indore-municipal-corporation-ncd-ipo-february-2023-should-you-invest\/#Security\" >Security<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indore\/indore-municipal-corporation-ncd-ipo-february-2023-should-you-invest\/#Financial_Overview\" >Financial Overview<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indore\/indore-municipal-corporation-ncd-ipo-february-2023-should-you-invest\/#Snapshot_stating_the_Revenue_Expenses_EBIT_Net_Worth_and_PAT_In_crores\" >Snapshot stating the Revenue, Expenses, EBIT, Net Worth and PAT (In crores)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indore\/indore-municipal-corporation-ncd-ipo-february-2023-should-you-invest\/#Cash_flow_for_last_5_years_In_crores\" >Cash flow for last 5 years (In crores)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indore\/indore-municipal-corporation-ncd-ipo-february-2023-should-you-invest\/#Ratio_Analysis\" >Ratio Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indore\/indore-municipal-corporation-ncd-ipo-february-2023-should-you-invest\/#To_get_better_returns_than_Bank_FDs_invest_in_NCD-IPOs_online\" >To get better returns than Bank FDs, invest in NCD-IPOs online.\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indore\/indore-municipal-corporation-ncd-ipo-february-2023-should-you-invest\/#About_Indore_Municipal_Corporation\" >About Indore Municipal Corporation<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indore\/indore-municipal-corporation-ncd-ipo-february-2023-should-you-invest\/#Strengths\" >Strengths<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indore\/indore-municipal-corporation-ncd-ipo-february-2023-should-you-invest\/#Weakness\" >Weakness<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/indore\/indore-municipal-corporation-ncd-ipo-february-2023-should-you-invest\/#Invest_in_Bond_IPO_online_in_just_5_minutes\" >Invest in Bond IPO online in just 5 minutes<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h3 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"High_Yield_AAStable_Rated_Minimum_Investment_10k_Only\"><\/span><span style=\"font-weight: 400;\">High Yield\u00a0|\u00a0AA+\/Stable Rated\u00a0|\u00a0Minimum Investment: 10k Only<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h2><span class=\"ez-toc-section\" id=\"Bond_overview\"><\/span><b>Bond overview\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Indore Municipal Corporation is issuing the Non-Convertible Debentures. These NCDs are AA+\/Stable rated by India Rating and Research Private Limited and AA\/Stable by CARE. The NCDs are being issued in 4 STRPPs: yield ranges from 8.41% to 8.42% p.a. and different tenures of 3 years, 5 years, 7 years, and 9 years. The NCDs are secured and redeemable in nature.\u00a0<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5548\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/03045444\/Screenshot-2023-02-03-102429-296x300.png\" alt=\"Indore Municipal Corporation is issuing the Non-Convertible Debentures\" width=\"554\" height=\"562\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/03045444\/Screenshot-2023-02-03-102429-296x300.png 296w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/03045444\/Screenshot-2023-02-03-102429-585x593.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/03045444\/Screenshot-2023-02-03-102429.png 595w\" sizes=\"(max-width: 554px) 100vw, 554px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Issue_related_details_for_each_of_the_series\"><\/span><b>Issue related details for each of the series <\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5536\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153334\/Picture4-1-300x174.png\" alt=\"Issue related details for each of the series of INDORE MUNICIPAL CORPORATION NCD IPO\" width=\"631\" height=\"366\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153334\/Picture4-1-300x174.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153334\/Picture4-1-1024x594.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153334\/Picture4-1-768x445.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153334\/Picture4-1-1536x891.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153334\/Picture4-1-2048x1188.png 2048w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153334\/Picture4-1-1170x679.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153334\/Picture4-1-1920x1113.png 1920w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153334\/Picture4-1-585x339.png 585w\" sizes=\"(max-width: 631px) 100vw, 631px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Allocation_Ratio\"><\/span><strong>Allocation Ratio<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\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 IMC NCD-IPO.\u00a0<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5537\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153411\/Picture2-1-300x180.png\" alt=\"Allocation Ratio for INDORE MUNICIPAL CORPORATION NCD IPO\" width=\"470\" height=\"282\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153411\/Picture2-1-300x180.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153411\/Picture2-1-1024x615.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153411\/Picture2-1-768x461.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153411\/Picture2-1-1536x923.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153411\/Picture2-1-1170x703.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153411\/Picture2-1-585x351.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153411\/Picture2-1.png 1653w\" sizes=\"(max-width: 470px) 100vw, 470px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Investment_Process_for_IMC_NCD_IPO\"><\/span><b>Investment Process for IMC NCD IPO<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">You can invest in IPOs via GoldenPi in 3 easy steps.<\/span><\/p>\n<p><b>If the investment amount is less than &amp; up to 10 lakhs,<\/b><span style=\"font-weight: 400;\"> retail investors can apply for an IPO online.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5538\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153451\/12-768x384-1-300x150.jpg\" alt=\"Investment Process for INDORE MUNICIPAL CORPORATION NCD IPO if the investment amount is less than &amp; up to 10 lakhs\" width=\"540\" height=\"270\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153451\/12-768x384-1-300x150.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153451\/12-768x384-1-585x293.jpg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153451\/12-768x384-1.jpg 768w\" sizes=\"(max-width: 540px) 100vw, 540px\" \/><\/p>\n<p><b>If the investment amount is more than 10 Lakhs. <\/b><\/p>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5539\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153514\/11-768x384-1-300x150.jpg\" alt=\"Investment Process for INDORE MUNICIPAL CORPORATION NCD IPO if the investment amount is more than 10 Lakhs\" width=\"558\" height=\"279\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153514\/11-768x384-1-300x150.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153514\/11-768x384-1-585x293.jpg 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153514\/11-768x384-1.jpg 768w\" sizes=\"(max-width: 558px) 100vw, 558px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Issue_analysis\"><\/span><b>Issue analysis<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Adequate Liquidity<\/strong>&#8211; With reasonable income surplus creation, moderate cash and balances of $373 crore as of March 31, 2022, and loan payback requirements of 61 crore in FY23, IMC&#8217;s liquidity position is adequate.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">These are secured securities.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The issuer is offering high coupon rates, when compared with FD rates.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Security\"><\/span><strong>Security<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>First pari-passu* charge with a minimum cover of 1.25 times the total amount borrowed, plus interest and other costs, over all current and future receivables related to the Issuer&#8217;s own revenues (including tax revenues, fees and user charges, rental income, sale and hire charges, excluding betterment tax and building permission fee).\\<\/li>\n<li>The investments made in accordance with the &#8220;Structured Payment Mechanism&#8221; for the Issue and the investments made with the help of the AMRUT Incentive (&#8220;Permitted Investment(s)&#8221;) are subject to exclusive charge.<\/li>\n<\/ul>\n<p>*Pari-passu, which means &#8220;equal footing&#8221; in Latin, is a type of financing where each lender has an equal claim to the assets used as collateral for the loan. The assets may be auctioned if the borrower is unable to meet the payment obligations, and each lender will simultaneously get an equal portion of the revenues.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Financial_Overview\"><\/span><b>Financial Overview<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Snapshot_stating_the_Revenue_Expenses_EBIT_Net_Worth_and_PAT_In_crores\"><\/span><b>Snapshot stating the Revenue, Expenses, EBIT, Net Worth and PAT (In crores)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5540\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153551\/Picture3-300x180.png\" alt=\"Financial Overview for INDORE MUNICIPAL CORPORATION NCD IPO stating revenue, Expenses, PAT\" width=\"522\" height=\"313\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153551\/Picture3-300x180.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153551\/Picture3-1024x615.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153551\/Picture3-768x461.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153551\/Picture3-1536x923.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153551\/Picture3-1170x703.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153551\/Picture3-585x351.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153551\/Picture3.png 1653w\" sizes=\"(max-width: 522px) 100vw, 522px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cash_flow_for_last_5_years_In_crores\"><\/span><b>Cash flow for last 5 years (In crores)<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5541\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153616\/Screenshot-2023-02-02-174232-300x137.png\" alt=\"Cash flow of INDORE MUNICIPAL CORPORATION NCD IPO for 5 years\" width=\"600\" height=\"274\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153616\/Screenshot-2023-02-02-174232-300x137.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153616\/Screenshot-2023-02-02-174232-1024x467.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153616\/Screenshot-2023-02-02-174232-768x350.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153616\/Screenshot-2023-02-02-174232-585x267.png 585w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/02153616\/Screenshot-2023-02-02-174232.png 1087w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/>Cash flow refers to the movement of cash in and out of the business at a specific point in time. It represents the net balance of the cash movement.<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">*Cash flow from operating activities reflects the amount a company generates through its product of services.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">**Cash flow from investing activities reflects cash generated and spent relating to investing activities, like purchase of assets, sales of securities etc.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b><span style=\"font-weight: 400;\">***Cash flow from financing activities gives an insight into the financial stability of a company to its investors. It reflects <\/span><span style=\"font-weight: 400;\">the net flows of cash that are used to fund the company.<\/span><\/b><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Ratio_Analysis\"><\/span><strong>Ratio Analysis<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img decoding=\"async\" class=\"aligncenter wp-image-5545\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/03042339\/Picture8-300x84.png\" alt=\"Ratio Analysis for INDORE MUNICIPAL CORPORATION NCD IPO\" width=\"618\" height=\"173\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/03042339\/Picture8-300x84.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/03042339\/Picture8-1024x286.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/03042339\/Picture8-768x215.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/03042339\/Picture8-1536x430.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/03042339\/Picture8-2048x573.png 2048w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/03042339\/Picture8-1170x327.png 1170w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/03042339\/Picture8-1920x537.png 1920w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2023\/02\/03042339\/Picture8-585x164.png 585w\" sizes=\"(max-width: 618px) 100vw, 618px\" \/><\/p>\n<ul>\n<li>Considering the debt servicing requirements from the issuance, IMC&#8217;s DSCR is anticipated to remain favorable over the medium term.<\/li>\n<li>IMC anticipates receiving a financial reward from the Indian government for the bond offering. The aforementioned incentive (as and when received) will be used to form fixed deposits, and the funds from those fixed deposits will be proportionately used for coupon payments during the whole tenor of NCDs.<\/li>\n<li>Debt obligation can be covered through revenue income generated by IMC as the ratio remains close to 2%.<\/li>\n<\/ul>\n<h2 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"To_get_better_returns_than_Bank_FDs_invest_in_NCD-IPOs_online\"><\/span><a href=\"https:\/\/goldenpi.com\/bond-better-return-fds\"><b>To get better returns than Bank FDs, invest in NCD-IPOs online.\u00a0<\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"About_Indore_Municipal_Corporation\"><\/span><b>About Indore Municipal Corporation<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Indore Municipal Corporation is the city&#8217;s principal municipal authority, having been established in 1956. Currently, it operates in accordance with the 1956 Madhya Pradesh Municipal Corporation Act. IMC is protected by the AMRUT Scheme of the Indian Government.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Corporation is primarily in charge of providing civic services to the city of Indore, and it works on a variety of projects, including lighting public streets, places, and buildings, cleaning public streets, places, and sewers, registering births, marriages, and deaths, maintaining public parks and gardens, managing all municipal water works, building and maintaining new work, and finding ways to supply both public and private purposes.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Strengths\"><\/span><b>Strengths<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">IMC, the biggest municipal corporation in Madhya Pradesh, is experiencing an increase in industrialization.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">According to the structure, the Interest Payment Account would be filled one day before the date of allocation with an amount equal to two half-yearly interest payments (necessary DSRA amount), and the aforementioned DSRA amount would be maintained at all times.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The debenture trustee will keep an eye on the IPA and SFA, which must only be used to pay the bondholders&#8217; dues.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Regular Revenue Surplus<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Weakness\"><\/span><b>Weakness<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Modest tax collecting efficiency and a lower own source of income Regular Revenue Surplus<\/span><\/li>\n<\/ul>\n<h4 style=\"text-align: center;\"><span class=\"ez-toc-section\" id=\"Invest_in_Bond_IPO_online_in_just_5_minutes\"><\/span><a href=\"https:\/\/goldenpi.com\/bond-ipo-online\"><b>Invest in Bond IPO online in just 5 minutes<\/b><\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>High Yield\u00a0|\u00a0AA+\/Stable Rated\u00a0|\u00a0Minimum Investment: 10k Only Bond overview\u00a0 Indore Municipal Corporation is issuing the Non-Convertible Debentures. These NCDs are AA+\/Stable rated by&hellip;<\/p>\n","protected":false},"author":4,"featured_media":12274,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[158],"tags":[],"class_list":["post-5532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-indore"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>INDORE MUNICIPAL CORPORATION NCD IPO- February 2023, should you invest?<\/title>\n<meta name=\"description\" content=\"Explore the Municipal Corporation Indore NCD IPO, February 2023. 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