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Indore Municipal NCD February 2023 Detail
Issue Open February 10, 2023
Issue Close February 14, 2023
Issue Size (Base) ₹122.00 Crores
Issue Size (Shelf) ₹244.00 Crores
Issue Price ₹1000 per NCD
Listing At NSE

Indore Municipal NCD February 2023 Date & Price

The Indore Municipal NCD February 2023 issue opens on February 10, 2023, and closes on February 14, 2023, for the subscription.

Note that the public issue of NCD is closed early in case it is fully subscribed (base + shelf) before its issue closing day.The allotment is done on a First Come First Serve Basis.

Indore Municipal Corporation NCD IPO dates are as below:

Indore Municipal NCD February 2023 Issue Timetable

Bid/Offer Opens OnFebruary 10, 2023
Bid/Offer Closes OnFebruary 14, 2023
Record Date
Deemed Date of Allotment

Indore Municipal NCD February 2023 price is set at ₹1000 per NCD.

The NCD's will be issued at a face value of ₹1000 each NCD.

The frequency of payment for Indore Municipal NCD February 2023 is Half yearly.

Each application should be for a minimum of 10 NCD's and multiples of 1 NCD thereof.

Indore Municipal NCD February 2023 remain open for subscription on working days from 10:00 a.m. to 5:00 p.m until February 14, 2023. The bid may close earlier in case it is fully subscribed.

The NCD's have a fixed maturity date. The date of maturity of the NCD's is 3, 5, 7, and 9 years.

Indore Municipal NCD February 2023 Issue Size and Subscription Status

The Indore Municipal NCD February 2023 consist of a base issue and a shelf issue.

  • NCD Base Issue Size: ₹122.00 Crores
  • NCD Shelf Issue Size: ₹244.00 Crores

Note that the Shelf issue is an option to retain oversubscription up to shelf issue size over and above the base issue.

Sorry, The number of shares offered in Indore Municipal NCD February 2023 is not available at this time. Please revisit us for latest updates.

No, NRI's are not eligible to apply in this Issue.

  1. Minors without a guardian name
  2. Foreign nationals
  3. Persons resident outside India
  4. Foreign Portfolio Investors
  5. Foreign Venture Capital Investors
  6. Qualified Foreign Investors
  7. Overseas Corporate Bodies
  8. Persons ineligible to contract under applicable statutory/regulatory requirements

You could check Indore Municipal Corporation NCD Grey Market Premium (GMP Rate) by visiting our Grey Market Price (Message Board).

Note that there is no official source of GMP Rate as they are over-the-counter transactions.

Indore Municipal NCD February 2023 Allotment and Listing

The NCD's are proposed to be listed on NSE.

Applicants are allocated NCD's on a First Come First Serve Basis.

The Indore Municipal Corporation Allotment Status is not available online at this time.

The Indore Municipal Corporation NCD listing data are not available. The date is published by the exchange a couple of days before the NCD listing.

It is hard to say at what price Indore Municipal NCD February 2023 NCD's will list. The price varies by the demand and supply of NCD on the day of listing.

Indore Municipal Corporation NCD - Should I apply?

The company has received rating of IND AA+/Stable by India Ratings and CARE AA; Stable by CARE Ratings Limited for the bonds proposed to be issued pursuant to this Issue.

Sorry, we do not provide NCD recommendations. But we share a lot of information about Indore Municipal NCD February 2023 which could help you with questions like Indore Municipal NCD February 2023 buy or not? You should also read Indore Municipal NCD February 2023 Analysis from experts and check the daily subscription status.

It depends on many factors like company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, NCD Analysis from experts and follow the subscriptions before you make the decision to apply in an NCD public Issue.

Indore Municipal Corporation NCD listing day gains are unpredictable as depends on many factors on the day listing. It depends on factors like the demand, the market situation on the day of listing, NCD Issue size etc.