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NASHIK MUNICIPAL CORPORATION
No Current IPO issue is available for NASHIK MUNICIPAL CORPORATION
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Important Note: For each ₹1,000 investment, you will hold 8 units of ₹125 each. The 1st unit will mature in the 3rd year, the second unit in the 4th year, and so on, with the 8th unit maturing in the 10th year.
Strong Revenue Growth: Revenue up ↑ 14.2% to ₹2,312.91 crore in FY25 (from ₹2,025.45 crore in FY24), reflecting better collections and operational efficiency.
Consistent Revenue Surplus: NMC has maintained a healthy revenue surplus (₹646.35 crore in FY25 vs 471.79 Crore in FY24), indicating strong operating performance and sound financial management.
Healthy Cash Position: Closing cash and bank balance stood at ₹915.17 crore in FY25 ( vs 868.11 crore in FY24 & 732.53 crore in FY23), providing strong liquidity to fund infrastructure and development projects.
Strong escrowed revenue-backed structure: Entire own-revenue collections (tax and non-tax) are escrowed with a clearly defined waterfall; escrow revenues increased to ₹663.60 Cr. in FY25 (FY24: ₹448.50 Cr.), providing adequate cover for debt servicing.
Consistent operating surplus and low debt profile: Revenue surplus maintained over FY21-FY25 (FY25 surplus: ₹687.90 Crore); NMC was debt-free for over five years prior to the current bond issuance, supporting strong DSCR comfort.
Trustee-monitored payment discipline: All escrow, Interest payment A/c (IPA) and Sinking Fund Account (SFA) accounts are monitored by the debenture trustee, ensuring strong control on cash flows and timely servicing of bond obligations.
Superior liquidity position: Cash balances and unencumbered investments stood at ₹1700.7 crore as of FY25; internal policy to maintain liquidity equivalent to three months of operating expenses; no principal repayment obligations in FY26-FY27.
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Currently, No issue available for NASHIK MUNICIPAL CORPORATION.
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I am an investor balancing risk and return.
I am comfortable taking some risk for moderately higher returns. I can tolerate short-term fluctuations but want to avoid major losses. My aim is a blend of safety and yield, with a medium to long-term outlook (3–5 years).
AA/A Rated Corporate Bonds, Tax-free Bonds
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The information provided on this page including issuer details, ISIN data, credit ratings, and financial metrics is for informational purposes only. It is spruced from public documents like Information Memorandum (IM), credit rating rationale, and other market disclosures.
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