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SURAT MUNICIPAL CORPORATION
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6-Oct-2025

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Returns Upto*

8.16%

IPO Min investment

Min Investment

10,000

Credit Rating

Credit Rating

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AA+/STABLE CRISIL

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.

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Series
Returns
Tenure
Payout
Coupon
Series I tooltip
8.16%
60 months
Half-Yearly
8%

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Company Financials

Revenue

PAT

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Important disclaimer

Compare with FD
Bank Deposit
6.80% *
Bond
8.16%
10 Lac Invested could earn  68,000 more in 5 years

About Issuer

SURAT MUNICIPAL CORPORATION

Surat Municipal Corporation governs the city of Surat in Gujarat, operating under the Bombay Provincial Municipal Act of 1949. It is a local self-government body responsible for managing essential civic services like water supply, drainage, roads, street lights, solid waste management, health services, and town planning. The Corporation has created an online portal so residents can pay property tax, professional tax, apply for birth/death certificates, and submit complaints easily via mobile app, WhatsApp or website. With its focus on modern tools and citizen convenience, Surat Municipal Corporation aims to make city services more accessible, transparent, and efficient.


Total Annual Revenue

7,112.51 Cr (FY-2025)

Year of Inception

1966

Industry

Municipal Green Bond

Head Office

SURAT

Type of Issuer

State Govt

Current MD/CEO

Smt. Shalini Agarwal, IAS

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

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Series
Units
Series I tooltip

8.16%

|

Half-Yearly

|

60 months

MinusPlus
10,000
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