Description

BSE announces listing of 8,000 commercial paper securities of ONGC Petro Additions Limited with face value of Rs. 5 lakh each, maturing on January 21, 2026.

Summary

BSE has listed new commercial paper securities issued by ONGC Petro Additions Limited on private placement basis. The listing comprises 8,000 securities with face value of Rs. 5,00,000 each (total Rs. 400 crores), issued at Rs. 4,85,166 per security representing a discount to face value. The commercial papers are rated CRISIL A1+ and IND A1+ and will mature on January 21, 2026.

Key Points

  • 8,000 commercial paper securities listed on BSE Debt segment effective July 25, 2025
  • Face value of Rs. 5,00,000 per security, issued at Rs. 4,85,166 (discount pricing)
  • Total issue size of Rs. 400 crores on private placement basis
  • Maturity date: January 21, 2026 (approximately 6 months tenure)
  • Credit ratings: CRISIL A1+ and IND A1+
  • ISIN: INE163N14550, Scrip Code: 729903, Scrip ID: ONGCP25725
  • ICICI Bank Limited appointed as Issuing and Paying Agent

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for debt securities under existing BSE framework for commercial paper listings.

Compliance Requirements

  • Trading members must trade securities only in dematerialized form under specified ISIN
  • Trading permitted only in standard denomination of Rs. 5 lakhs and multiples thereof
  • Tick size for trading set at 1 paise
  • Securities limited to BSE Debt segment trading

Important Dates

  • Allotment Date: July 25, 2025
  • Listing Date: July 25, 2025 (effective immediately)
  • Maturity/Redemption Date: January 21, 2026

Impact Assessment

Market Impact: Medium - The Rs. 400 crore commercial paper issuance provides ONGC Petro Additions Limited with short-term funding at competitive rates given the A1+ credit ratings. The discount pricing (Rs. 4,85,166 vs Rs. 5,00,000 face value) indicates attractive yield for investors.

Operational Impact: Low - Standard listing process with established trading parameters. Trading restricted to institutional segments given Rs. 5 lakh minimum denomination, limiting retail participation.

Liquidity Impact: The large issue size and ONGC backing should provide reasonable secondary market liquidity in the debt segment for institutional investors seeking short-term paper with strong credit quality.

Impact Justification

Medium ranking due to significant Rs. 400 crore commercial paper issuance by ONGC subsidiary, providing short-term funding option in debt market