Description
BSE lists new Commercial Paper of Electrosteel Castings Limited worth Rs. 50 crores on private placement basis with CRISIL A1+ rating.
Summary
BSE has listed new Commercial Paper of Electrosteel Castings Limited issued on private placement basis worth Rs. 50 crores (1000 units of Rs. 5 lakhs each) effective September 1, 2025. The commercial paper carries CRISIL A1+ and IND A1+ credit ratings.
Key Points
- Commercial Paper of Rs. 5,00,000/- each (1000 units)
- Issue Price: Rs. 4,92,471.50 per unit
- Credit Rating: CRISIL A1+, IND A1+
- Scrip Code: 730122, Scrip ID: ECL290825
- ISIN Number: INE086A14873
- Trading in dematerialised form only
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must trade securities in dematerialised form only
- Trading in standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size for securities is 1 paise
- Contact debt department for clarifications on 22728352/8597/8995/5753/8915
Important Dates
- Allotment Date: August 29, 2025
- Listing Date: September 1, 2025
- Redemption Date: November 27, 2025
Impact Assessment
Minimal market impact as this is a routine commercial paper listing for short-term funding requirements. The high credit rating (A1+) indicates strong creditworthiness of the issuer. HDFC Bank Limited serves as the Issuing and Paying agent.
Impact Justification
Routine commercial paper listing with no market-wide impact