Description
BSE announces listing of Kirloskar Ferrous Industries' Commercial Paper worth Rs 100 crore with maturity on 28 November 2025
Summary
BSE has listed Commercial Paper issued by Kirloskar Ferrous Industries Ltd on private placement basis, effective September 2, 2025. The issuance comprises 2000 units of Rs 5 lakh each, totaling Rs 100 crore, with maturity on November 28, 2025.
Key Points
- Commercial Paper of Rs 100 crore (2000 units x Rs 5 lakh each) listed on BSE Debt segment
- Issue Price: Rs 4,92,636.10 per unit (Face Value: Rs 5,00,000)
- Credit Rating: ICRA A1+ indicating high creditworthiness
- Scrip Code: 730125, ISIN: INE884B14671
- Maturity Date: November 28, 2025 (88-day tenure)
- Kotak Mahindra Bank Limited acts as Issuing and Paying Agent
Regulatory Changes
No regulatory changes announced. Standard commercial paper listing under existing regulations.
Compliance Requirements
- Securities to be traded only in dematerialized form
- Trading in standard denomination of Rs 5 lakhs and multiples thereof
- Tick size for trading set at 1 paise
- Market lot size is 1 unit
Important Dates
- Allotment Date: September 1, 2025
- Listing Date: September 2, 2025
- Redemption Date: November 28, 2025
Impact Assessment
Minimal market impact as this is a routine commercial paper listing. The ICRA A1+ rating indicates strong credit quality with low default risk. The 88-day tenure represents short-term financing for the company’s working capital needs.
Impact Justification
Routine commercial paper listing with standard terms, no significant market impact