Description
BSE announces listing of Rs. 400 crores Commercial Paper by Jamnagar Utilities & Power Private Limited with 91-day maturity.
Summary
BSE has listed new Commercial Paper worth Rs. 400 crores (8,000 units of Rs. 5 lakh each) issued by Jamnagar Utilities & Power Private Limited on private placement basis. The securities are admitted for trading on BSE Debt segment effective August 19, 2025.
Key Points
- Face value: Rs. 5,00,000 per unit
- Issue price: Rs. 4,92,752 per unit (discount to face value)
- Total issue size: Rs. 400 crores (8,000 units)
- Maturity period: 91 days (redemption on November 18, 2025)
- Credit rating: CARE A1+ and CRISIL A1+
- Scrip code: 730044, ISIN: INE936D14386
- ICICI Bank Limited as Issuing and Paying Agent
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading only in dematerialized form
- Standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size of 1 paise for trading
- Market lot size of 1 unit
Important Dates
- Allotment date: August 19, 2025
- Trading commencement: August 19, 2025
- Redemption date: November 18, 2025
Impact Assessment
Minimal market impact as this is a routine commercial paper listing for short-term funding needs. The high credit ratings (A1+) indicate low credit risk. Trading restricted to institutional participants due to high denomination requirements.
Impact Justification
Routine commercial paper listing with limited market impact