Description
BSE lists new commercial paper worth Rs. 800 crores issued by Sikka Ports & Terminals Ltd for trading on debt segment.
Summary
BSE has listed new commercial paper securities issued by Sikka Ports & Terminals Ltd worth Rs. 800 crores (16,000 units of Rs. 5 lakh each) on private placement basis. The securities are available for trading on BSE’s debt segment effective August 7, 2025.
Key Points
- Total issue size: Rs. 800 crores (16,000 units × Rs. 5,00,000 each)
- Issue price: Rs. 4,92,812.50 per unit (face value Rs. 5,00,000)
- Credit rating: CARE A1+ and CRISIL A1+
- Scrip code: 729982, Scrip ID: SPTL7825
- ISIN: INE941D14725
- Maturity: November 6, 2025 (3-month tenure)
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Securities must be traded only in dematerialized form
- Trading allowed in standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size set at 1 paise
- ICICI Bank Limited acts as issuing and paying agent
Important Dates
- Allotment date: August 7, 2025
- Trading commencement: August 7, 2025
- Redemption date: November 6, 2025
Impact Assessment
Minimal market impact as this is a routine commercial paper listing for short-term funding needs. The A1+ credit ratings indicate strong creditworthiness, making it suitable for institutional investors seeking short-term debt instruments.
Impact Justification
Routine commercial paper listing with no significant market impact