Description
BSE lists new Rs. 100 crore commercial paper issue by PIICL with 3-month maturity and CARE A1+/CRISIL A1+ rating.
Summary
BSE has listed new commercial paper securities issued by Pilani Investment and Industries Corporation Limited (PIICL) on private placement basis. The issue comprises 2,000 units of Rs. 5 lakh face value each, totaling Rs. 100 crore, with a 3-month maturity period.
Key Points
- Issue size: Rs. 100 crore (2,000 units × Rs. 5 lakh each)
- Face value: Rs. 5,00,000 per unit
- Issue price: Rs. 4,92,026.50 per unit
- Credit rating: CARE A1+ and CRISIL A1+ (highest short-term rating)
- ISIN: INE417C14AB5
- Scrip code: 730073
- Trading in dematerialized form only
- Standard denomination: Rs. 5 lakhs and multiples
- Tick size: 1 paise
- Issuing and paying agent: ICICI Bank Ltd
Regulatory Changes
No regulatory changes introduced. Standard listing procedures followed for commercial paper.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Trading restricted to standard denomination of Rs. 5 lakhs and multiples thereof
- Securities admitted to dealings on BSE Debt segment
Important Dates
- Allotment date: August 22, 2025
- Listing date: August 22, 2025
- Redemption date: November 21, 2025
- Maturity period: 3 months (91 days)
Impact Assessment
Minimal market impact as this is a routine commercial paper listing. The high credit ratings (A1+ from both CARE and CRISIL) indicate strong creditworthiness of the issuer. The short-term nature and private placement basis limit broader market implications.
Impact Justification
Routine commercial paper listing with standard terms and limited market impact