Description
BSE lists new commercial paper worth Rs. 200 crores issued by Godrej Housing Finance Limited with 91-day tenure and CRISIL A1+/ICRA A1+ rating.
Summary
BSE has listed new commercial paper issued by Godrej Housing Finance Limited worth Rs. 200 crores (4000 units of Rs. 5 lakhs each) on private placement basis. The commercial paper carries CRISIL A1+ and ICRA A1+ ratings with 91-day tenure.
Key Points
- Issue size: Rs. 200 crores (4000 units of Rs. 5,00,000 each)
- Issue price: Rs. 4,92,715.50 per unit (discount to face value)
- Face value: Rs. 5,00,000 per unit
- Credit rating: CRISIL A1+ and ICRA A1+ (highest short-term rating)
- Scrip code: 729941, Scrip ID: GHFL30725
- ISIN: INE02JD14625
- Trading in dematerialized form only
- Standard denomination: Rs. 5 lakhs and multiples
- Tick size: 1 paise
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must ensure transactions are in dematerialized form only
- Trading permitted only in standard denomination of Rs. 5 lakhs and multiples
- ICICI Bank Limited acts as Issuing and Paying Agent
Important Dates
- Allotment date: July 30, 2025
- Listing date: July 31, 2025
- Redemption date: October 29, 2025 (91 days tenure)
Impact Assessment
Minimal market impact as this is a routine commercial paper listing. The high credit ratings (A1+) indicate strong creditworthiness of the issuer. This provides short-term funding avenue for Godrej Housing Finance Limited and investment option for institutional investors seeking highly-rated short-term instruments.
Impact Justification
Routine commercial paper listing with no broad market implications