Description
BSE announces listing of Rs. 100 crore commercial paper by Poonawalla Fincorp Limited with 85-day maturity period.
Summary
BSE has listed new commercial paper worth Rs. 100 crore issued by Poonawalla Fincorp Limited on private placement basis. The commercial paper carries CARE A1+ and CRISIL A1+ ratings with face value of Rs. 5 lakh per unit and maturity period of 85 days from July 24, 2025 to October 17, 2025.
Key Points
- Commercial paper quantity: 2,000 units of Rs. 5 lakh each (total Rs. 100 crore)
- Issue price: Rs. 4,92,793 per unit (discount to face value)
- Credit ratings: CARE A1+ and CRISIL A1+
- Scrip code: 729876, Scrip ID: PFL180725
- ISIN: INE511C14YR1 (further listing under same ISIN)
- Trading in dematerialized form only
- Standard denomination: Rs. 5 lakh and multiples thereof
- Tick size: 1 paise
Regulatory Changes
No regulatory changes announced. This is a routine listing notification for new debt securities.
Compliance Requirements
- Trading members must trade the securities only in dematerialized form
- Trading must be conducted in standard denomination of Rs. 5 lakh and multiples
- ICICI Bank Limited acts as issuing and paying agent
Important Dates
- Allotment date: July 24, 2025
- Listing effective date: July 25, 2025
- Redemption date: October 17, 2025
- Maturity period: 85 days
Impact Assessment
This is a routine commercial paper listing with minimal market impact. The listing provides Poonawalla Fincorp with short-term funding at competitive rates given the high credit ratings. For investors, it offers a short-term, highly-rated debt instrument with 85-day maturity period.
Impact Justification
Routine commercial paper listing with no significant market implications