Bonds IPO details
IPO opening date
25 Feb, 2026
IPO closing date
2 Mar, 2026
Allotment date
5 Mar, 2026
Listing date
6 Mar, 2026
Face value
₹1,000.00/unit
Minimum investment
₹10,000.00
IPO size
₹200.00 crores
IPO document
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Nashik Municipal Corporation
Closes on 2 Mar
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Tenure--
Interest payoutMonthly
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About
Nashik Municipal Corporation (NMC) – NCD Issue Update
Key Highlights:
Face value per NCD: ₹1,000
The ₹1,000 face value is split into 8 equal parts (STRPPs)
Each STRPP has a face value of ₹125
Instead of a single maturity date, the bond is structured across 8 different maturity buckets
Repays principal gradually
Has 8 staggered maturities
Starts principal repayment from Year 3
Fully repays by Year 10
8 staggered maturities as below: (Considering 10,000 minimum investment)
A 3 Years ₹1250
B 4 Years ₹1250
C 5 Years ₹1250
D 6 Years ₹1250
E 7 Years ₹1250
F 8 Years ₹1250
G 9 Years ₹1250
H 10 Years ₹1250;
Other details
Nature of instrumentRated, Listed, Taxable, Unsecured, Redeemable, Non-Convertible Green Municipal bonds in the nature of debentures (hereinafter referred to as “Green Bonds”/ “Bonds”/ “Debentures”/ “NCDs”)
Yield--
Placement typePublic Issue
Coupon type--
SenioritySenior
Name of debenture trusteeBEACON TRUSTEESHIP LIMITED