Security Name: 8.00% Surat Municipal Corporation 13 Oct 2029
ISIN: INE05NX24023
Taxable
Tax Category
13 Oct, 2029
Maturity Date
(3 Yr 11 Mo 12 D to mature)
Half Yearly
Interest Payment Frequency
Yes
NRI Eligibility
13 Oct, 2025
Allotment Date
NA
Put Date
13 Apr, 2026
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
IPO
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
8%
Coupon
Fixed Interest
Coupon Basis
7.8382%
Current Yield
29 Mar, 2026
Record Date
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Surat Municipal Corporation
SMC is one of the largest municipal corporations in Gujarat and is governed by the Bombay Provincial Municipal Corporation Act, 1949, as amended by the Government of Gujarat. It has jurisdiction over 462.15 square kilometres and provides services such as water supply, sewerage disposal, solid waste management, primary education, public safety, transportation and slum improvement.
The Ratio in FY25 is 1.13x and it was 0.57x in FY24, indicating increase in the debt level due to increase in the borrowing in FY25.
Debt/EBITDA
The ratio in FY25 is 4.01x and it was 2.60x in FY24, indicating increase in the debt servicing ability of the issuer due to decrease in the interest expenses which led to overall decrease in finance cost.
Interest coverage ratio
Recent News
SMC to issue green bonds for 200cr on Oct 6
Sep 26, 2025 | Surat Municipal Corporation
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Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS
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Total Investment
| Cashflow for INE05NX24023 |
|---|
| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
|---|
| Security Name |
|---|
| 8.00% Surat Municipal Corporation 13 Oct 2029 |
| Credit Rating |
|---|
| AA + /Stable by CRISIL |
| Coupon Frequency |
|---|
| Half Yearly |
| Face Value |
|---|
| ₹500 |
| Coupon |
|---|
| 8.000000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 13/10/2029 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Nov 03,2025 |
| Principal Amount |
|---|
| ₹510.32 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹510.32 |
| Price |
|---|
| ₹102.0639 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
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