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Home   >   NCD IPO   >   SURAT MUNICIPAL CORPORATION    
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SURAT MUNICIPAL CORPORATION
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No Current IPO issue is available for SURAT MUNICIPAL CORPORATION

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Important Note: For each ₹1,000 investment, you will hold 2 units of ₹500 each. The 1st unit will mature on 4th year and 2nd unit will mature on 5th year.

Over Subscribed This NCD IPO is currently over-subscribed!

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Escrow mechanism: Strong escrow & DSRA structure enhances bond repayment safety.

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Financial performance: Revenue surplus of ₹909 crore in FY2025 (vs ₹832 crore in FY2024), supported by higher tax and user charges.

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Comfortable risk profile: No reliance on debt; unencumbered cash & bank balance over ₹1,000 crore as of July 31, 2025.

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High collection efficiency: Property tax collection at ~92% in FY2025, among the best in peers.

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Strong economic base: Robust industrial cluster, favorable state government policies, and cost advantages in labor & transport.

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Currently, No issue available for SURAT MUNICIPAL CORPORATION.

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SURAT MUNICIPAL CORPORATION - Previous Issues

Name
Rating
Returns upto
Opened On
Closed On
Allotment Date
More Info
SURAT MUNICIPAL CORPORATION - Oct 9
AA+ CRISIL
8%
06-Oct-2025
09-Oct-2025
-
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