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Invest in public issue of
NCD Issue of Nashik Municipal Corporation Feb 2026
Issue Opens in 2 days
Issue Details
Issue Price
₹1,000.00
Face Value
₹1,000.00/NCD
Effective Yield
8.20 % (Series 1)
Minimum Investment
₹10,000.00
Registrar
PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
Mode of issue
PUBLIC
Mode of Allotment And Trading
Demat only
Listing on
NSE & BSE
Base Issue
₹ 100CR
+
Greenshoe
₹ 100CR
=
Issue Size
₹ 200CR
Investment Series
Investor Category III
Investor Category IV
Retail Individual Investors / RIIs Investment amount less than 10 lacs
SeriesTenorPayment FrequencyCouponEffective YieldRedemption AmountUnits
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Issuer
Nashik Municipal Corporation
Issuer Overview
The Nashik Municipal Corporation (NMC) serves as the principal governing and administrative body responsible for managing the city’s civic infrastructure and urban development. Established on 22 October 1982 (effective from 7 November 1982), NMC was constituted through the amalgamation of three erstwhile municipal councils—Nashik Municipal Council, Nashik Road–Deolali Municipal Council, and Satpur Municipal Council. The Corporation’s jurisdiction also partially encompasses the villages of Vihitgaon, Vadner, and Pimpalgaon Khamb. The civic administration operates from its headquarters at Rajiv Gandhi Bhavan, Sharanpur Road, Nashik, supported by six ward offices located across key zones—Main Road (Nashik East), Pandit Colony (Nashik West), Panchavati, Satpur, CIDCO, and Nashik Road. In 2014, NMC was reclassified as a ‘B’ Class Municipal Corporation (Government Notification No. MCO–2014/CR–153/UD–14, dated 1 September 2014).
Industry
N/A
Year Founded
1982
Sector
N/A
Ownership
N/A
Head Office
Nashik
Issue Programme
Feb 25, 2026 - Mar 02, 2026
Allotment
First come first serve Basis
Credit Rating
AA+ CRISIL(with stable outlook)AA+ ICRA(with stable outlook)
Effective Yield
8.20 %
(Series 1)
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Standard Disclaimer
Investment in securities market are subject to market risks, read all the related documents carefully before investing.
Registration Details
JM Financial Services Ltd.
Corporate Identity Number: U67120MH1998PLC115415
https://www.jmfinancialservices.in
Registered Office
JM Financial Services Limited, 7th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025.
Tel.: (022) 6630 3030. Fax: (022) 6630 3223
Corporate Office
JM Financial Services Limited, 5th Floor, Cnergy, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025.
Tel.: (022) 6704 0404. Fax: (022) 6704 3139
Standard 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.

Investments in Securities Market are subject to market risks, read all the related documents carefully before investing.
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