Description

BSE announces listing of Rs. 50 crore commercial paper issued by Electrosteel Castings Limited on private placement basis.

Summary

BSE has listed new Commercial Paper securities of Electrosteel Castings Limited worth Rs. 50 crore on private placement basis, effective September 1, 2025. The securities will trade in dematerialized form with a standard denomination of Rs. 5 lakhs.

Key Points

  • Commercial Paper worth Rs. 50 crore (1000 securities of Rs. 5 lakh each) listed on BSE Debt segment
  • Issue price: Rs. 4,92,471.50 per security (face value Rs. 5,00,000)
  • Credit rating: CRISIL A1+, IND A1+
  • Scrip Code: 730122, ISIN: INE086A14873
  • HDFC Bank Limited appointed as Issuing and Paying agent

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 for securities is 1 paise

Important Dates

  • Listing Date: September 1, 2025
  • Allotment Date: August 29, 2025
  • Redemption Date: November 27, 2025

Impact Assessment

Minimal market impact as this is a routine debt instrument listing. The commercial paper provides short-term funding option for Electrosteel Castings Limited with a tenure of approximately 3 months.

Impact Justification

Routine debt instrument listing with no broader market implications