Description
BSE lists new Commercial Paper of Rs. 450 crores by POONAWALLA FINCORP LIMITED with redemption on 20/11/2025
Summary
BSE announces the listing of new Commercial Paper worth Rs. 450 crores issued by POONAWALLA FINCORP LIMITED on private placement basis, effective from August 22, 2025. The paper carries CARE A1+ and CRISIL A1+ credit ratings.
Key Points
- 9,000 Commercial Papers of Rs. 5 lakh face value each listed on BSE Debt segment
- Issue price: Rs. 4,92,135 per unit (discount to face value)
- ISIN: INE511C14YW1, Scrip Code: 730068
- Credit Rating: CARE A1+ and CRISIL A1+
- ICICI Bank Limited serves as Issuing and Paying Agent
- Trading only in dematerialized form
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Securities must be traded only in dematerialized form
- Trading in standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size set at 1 paise
- Trading members to contact debt department for clarifications
Important Dates
- Listing Date: August 22, 2025
- Allotment Date: August 21, 2025
- Redemption Date: November 20, 2025
- Tenure: 91 days
Impact Assessment
Minimal market impact as this is a routine commercial paper listing by an established NBFC. The short-term nature (91 days) and private placement basis limit broader market implications. The strong credit ratings (A1+) indicate low credit risk for investors.
Impact Justification
Standard commercial paper listing with no broader market impact