Description
BSE announces listing of Rs. 150 crore Commercial Paper issued by Shree Cements Ltd on private placement basis with redemption date of September 23, 2025.
Summary
BSE has listed new Commercial Paper worth Rs. 150 crore issued by Shree Cements Ltd on private placement basis. The instruments have face value of Rs. 5 lakh each and will mature on September 23, 2025.
Key Points
- Commercial Paper quantity: 3,000 units of Rs. 5 lakh each
- Total issue size: Rs. 150 crore
- Issue price: Rs. 4,95,527 per unit (discount to face value)
- Credit rating: CARE A1+, CRISIL A1+
- Scrip code: 729917, ISIN: INE070A14810
- Trading in dematerialized form only
- Standard denomination: Rs. 5 lakh and multiples
- Tick size: 1 paise
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Trading shall be in standard denomination of Rs. 5 lakh and multiples thereof
- HDFC Bank acts as Issuing and Paying agent
Important Dates
- Allotment date: July 28, 2025
- Trading commencement: July 28, 2025
- Redemption date: September 23, 2025
- Tenure: 57 days
Impact Assessment
Minimal market impact as this is a routine short-term debt instrument listing. The commercial paper provides Shree Cements with short-term funding at competitive rates given the high credit ratings (A1+ from both CARE and CRISIL).
Impact Justification
Routine commercial paper listing with no material market impact