Description
New commercial paper of Rs. 100 crores issued by Shree Cements Ltd. listed on BSE Debt segment with 47-day maturity period.
Summary
Shree Cements Ltd. has listed new commercial paper worth Rs. 100 crores on BSE Debt segment. The paper was issued on private placement basis with face value of Rs. 5 lakhs each, maturing on September 22, 2025.
Key Points
- Total issue size: Rs. 100 crores (2000 units of Rs. 5 lakhs each)
- Issue price: Rs. 4,96,293.50 per unit (discount to face value)
- Credit rating: CARE A1+ and CRISIL A1+ (highest short-term rating)
- Maturity period: 47 days (August 6 to September 22, 2025)
- Trading in dematerialized form only under ISIN INE070A14802
- Issuing and Paying Agent: HDFC Bank Ltd.
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must trade securities in dematerialized form only
- Trading in standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size for securities is 1 paise
- Market lot size is 1 unit
Important Dates
- Allotment Date: August 6, 2025
- Listing Date: August 6, 2025
- Redemption Date: September 22, 2025
Impact Assessment
Minimal market impact as this is a routine short-term debt instrument listing. The high credit ratings (A1+) indicate strong creditworthiness. The 47-day maturity period provides short-term funding option for the company with relatively low risk for investors.
Impact Justification
Routine commercial paper listing with no market-wide implications