Description
New commercial paper worth Rs. 50 crores issued by Electrosteel Castings Limited listed on BSE Debt segment for trading.
Summary
Electrosteel Castings Limited has listed new Commercial Paper worth Rs. 50 crores (1000 units of Rs. 5 lakhs each) on BSE Debt segment effective September 1, 2025. The securities are issued on private placement basis with CRISIL A1+ and IND A1+ credit ratings.
Key Points
- Issue size: Rs. 50 crores (1000 units of Rs. 5,00,000 each)
- Issue price: Rs. 4,92,471.50 per unit
- Scrip code: 730122, ISIN: INE086A14873
- Credit rating: CRISIL A1+, IND A1+
- Trading in demat form only with Rs. 5 lakhs minimum denomination
- HDFC Bank Limited as Issuing and Paying Agent
Regulatory Changes
No regulatory changes introduced. Standard commercial paper listing procedure followed.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Minimum trading denomination of Rs. 5 lakhs and multiples thereof
- Tick size of 1 paise applies
- Standard BSE Debt segment trading rules applicable
Important Dates
- Allotment date: August 29, 2025
- Listing date: September 1, 2025
- Redemption date: November 27, 2025
- Tenure: 90 days approximately
Impact Assessment
Minimal market impact as this is a routine short-term debt instrument listing. The commercial paper provides additional funding avenue for Electrosteel Castings Limited and offers investment option for institutional investors in the debt market segment.
Impact Justification
Routine debt instrument listing with standard terms and limited market impact