Description
BSE announces listing of Rs. 100 crore Commercial Paper by PIICL with 91-day tenure and CARE A1+/CRISIL A1+ rating.
Summary
BSE has listed new Commercial Paper worth Rs. 100 crore issued by Pilani Investment and Industries Corporation Limited on private placement basis. The instrument carries face value of Rs. 5 lakh per unit with 91-day tenure and high credit ratings.
Key Points
- Issue size: Rs. 100 crore (2000 units of Rs. 5 lakh each)
- Issue price: Rs. 4,92,026.50 per unit (discount to face value)
- Scrip Code: 730073, ISIN: INE417C14AB5
- Credit Rating: CARE A1+ and CRISIL A1+
- Issuing and Paying Agent: ICICI Bank Ltd
- Trading in dematerialized form only
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Trading in standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size of 1 paise applies for trading
- Contact debt department for clarifications on specified phone numbers
Important Dates
- Allotment Date: August 22, 2025
- Trading Commencement: August 22, 2025
- Redemption Date: November 21, 2025
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. The 91-day tenor provides short-term funding option for the issuer and investment avenue for institutional investors.
Impact Justification
Routine commercial paper listing with standard terms and limited market impact