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Indore Municipal 8.25% Feb 2028 NCD (INE00QS24043)

ICRA AA Secured NCD

Indore Municipal Corporation

Secured, Rated, Taxable, Redeemable NCD

Browse: AA rated bonds · bonds maturing in 2028

3 more bonds from Indore Municipal Corporation →
Current YTM
8.64%
Market YTM
Coupon Rate
8.25%
Per annum
Maturity Date
20 Feb 2028
1.3 Yrs to Maturity
Interest Payment
Semi Annual
Frequency
Face Value
₹250
Per Bond

Market Position

YTM (Annual)
8.64%
Last traded 3 Nov 2026 (end of day)
10Y G-Sec Benchmark
7.19%
Reference point, not this bond's tenor
Spread over G-Sec
+172 bps
vs 1.3Y G-Sec at 6.92%
Below the median spread for similar-tenor peers
Tenure
1.3 Years
Remaining to maturity

Price vs Yield

— Price (Clean) — Yield (YTM)
5 Oct 20263 Nov 2026

Showing last 10 trades.

Price data as a table: Recent Market Prices

Cashflow Timeline

20 Feb 2027
Interest Payment
₹10.31 / Bond
₹9.28 net of 10% TDS (est.)
20 Aug 2027
Interest Payment
₹10.31 / Bond
₹9.28 net of 10% TDS (est.)
20 Feb 2028
Final coupon + principal
₹260.31 / Bond
₹10.31 coupon + ₹250 face value

3 coupons remaining, the last paid with principal at maturity · per ₹250 face value · projected dates

Net amounts are estimates: 10% TDS applies to a resident with PAN once interest from one issuer reaches ₹10,000 in a financial year. Below that, or with Form 15G/15H, no TDS is deducted. Not tax advice.

Bond Timeline

— Issue / Maturity | Coupon (projected) ┊ Today
Today Issued 20 Feb 2023 Matures 20 Feb 2028

Key Metrics

Coupon Rate
8.25%
YTM (Annual)
8.64%
Credit Rating
AA
(ICRA) · seen 28 Jun 2026
Remaining Tenure
1.3 Years
Advanced metrics
Modified Duration
1.17 Yrs
Macaulay Duration
1.22 Yrs
Issue Size
₹61 Cr
Face Value
₹250
Per bond. Exchange lot size not on file; check the offer document.

Market Characteristics

Modified Duration
1.17 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Semi Annual
Last Trade
3 Nov 2026
NSE CM
Trades (30 Days)
7
Exchange-reported sessions
Security Status
Secured
No call option

Observations

  • This bond is secured.
  • 7 secondary-market trades recorded in the last 30 days.
  • Coupon is 1.95 percentage points below the median for tracked NCD bonds. (based on 20,403 tracked NCD bonds with a stated coupon)

Structured Overview

Data as of 16 Jul 2026
Instrument Type
NCD
Issue Date
20 Feb 2023
Day Count Convention
ACT/ACT
Listed Exchange
—
Call / Put Option
None disclosed

Issued by Indore Municipal Corporation, Indore Municipal 8.25% Feb 2028 NCD is a secured, rated NCD. It pays an 8.25% p.a. coupon, semi-annually. Principal is repaid at maturity.

Rating Timeline

2 ratings on file

Every rating we hold for this ISIN, from every agency and source, newest first. NSE listing dates are the day we first saw the rating there, not the agency’s date.

DateAgencyRatingOutlookStatusSource
seen on 28 Jun 2026 ICRA AA — Latest NSE listing
2023 CARE AA — NSDL record, 2023 NSDL debt master
Issuer health card · ratings, payment record, defaults, trading, filings Nothing flagged →
Alert me about Indore Municipal Corporation An email when a rating agency acts on this issuer (including any cut to default grade D) or a payment is disclosed late or short. Free, no account needed.

Recent Market Prices

Recent BSE trades for INE00QS24043: trade date, clean price, YTM and number of trades
Trade DateClean PriceYTM (%)Trades
2026-11-03 99.4922 8.6421 —
2026-10-21 99.3876 8.7166 —
2026-10-16 99.2997 8.7829 —
2026-10-13 99.1670 8.8864 —
2026-10-12 98.7894 9.1890 —
2026-10-09 100.0527 8.1794 —
2026-10-08 100.0751 8.1619 —
2026-10-07 100.0975 8.1445 —
2026-10-06 100.1199 8.1272 —
2026-10-05 100.1423 8.1100 —

Data Coverage

DatasetRecordsDetailFreshness
Credit Ratings 2 CARE, ICRA 2026-06-28
Rating Actions History 0 — —
Secondary-Market Trades 10 NSE CM 2026-11-03
Reg52(4) Payment Disclosures 0 — —

Documents

Entity metadata
Source
NSDL debt master
Last Updated
16 Jul 2026

Risk warning: This page is for informational purposes only. Bond investments carry credit risk, interest rate risk, and liquidity risk. Credit ratings reflect agency opinion at a point in time. Nothing here constitutes investment advice or a recommendation. Verify all details against the issuer's offer document and the exchange. RetailBonds.in is not a SEBI-registered intermediary. See our full disclaimer.

Current Price (Clean)
₹248.73
YTM8.64%
Trade Date 3 Nov 2026 5d ago
SourceNSE CM
Accrued interest (est.)₹4.54
Dirty price (est.)₹253.27
View on BSE → Calculate YTM for this bond
Bond Snapshot
ISIN
INE00QS24043
Issue Date
20 Feb 2023
Maturity Date
20 Feb 2028
Listing
—
Payment Frequency
Semi Annual
Put / Call Option
None disclosed
Security
Secured
Day Count
ACT/ACT
View Term Sheet
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Frequently Asked Questions
What is the coupon rate on Indore Municipal 8.25% Feb 2028 NCD?

Indore Municipal 8.25% Feb 2028 NCD carries a coupon of 8.25%, paid semi annual, on a face value of ₹250.

When does Indore Municipal 8.25% Feb 2028 NCD mature?

Indore Municipal 8.25% Feb 2028 NCD matures on 20 Feb 2028, 1.3 years from today.

What is Indore Municipal 8.25% Feb 2028 NCD rated?

Indore Municipal 8.25% Feb 2028 NCD is rated AA by ICRA (rating dated 28 Jun 2026).

Is Indore Municipal 8.25% Feb 2028 NCD secured?

Indore Municipal 8.25% Feb 2028 NCD is a secured bond.

What yield does Indore Municipal 8.25% Feb 2028 NCD currently offer?

The last recorded trade on 3 Nov 2026 priced Indore Municipal 8.25% Feb 2028 NCD at ₹248.73 per bond, implying a yield to maturity of 8.64%.

More Bonds from This Issuer

I
Indore Municipal 8.75% Jun 2028 NCD
INE00QS07014
AA NSDL record, 2018
Coupon
8.75%
Maturity
29 Jun 2028
I
Indore Municipal 8.25% Feb 2030 NCD
INE00QS24027
AA
Coupon
8.25%
Maturity
20 Feb 2030
I
Indore Municipal 8.25% Feb 2032 NCD
INE00QS24035
AA
Coupon
8.25%
Maturity
20 Feb 2032
Compare (/) Compare Bonds

Comparable NCDs maturing near 2028

Active bonds from other issuers with maturity within 12 months of this one, listed first when they are in the same face-value band as this bond and traded in the last 30 days, then by closest coupon to 8.25%. For comparison only, not a recommendation.

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INE031A07840Housing and Urban Development Corporation LimitedAA+ NSDL record, 20138.20%2027-03-05
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INE549K07HR3Muthoot Fincorp LimitedAA- NSDL record, 20268.37%2028-03-25
INE020B07GH7REC LimitedAAA NSDL record, 20128.12%2027-03-27
INE053F07538Indian Railway Finance Corporation LimitedAAA8.10%2027-02-23
INE033L07GU2Tata Capital Housing Finance LimitedAAA8.40%2028-01-14

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