Description
BSE announces listing of Rs 100 crore Commercial Paper issued by Kirloskar Ferrous Industries Ltd with ICRA A1+ rating
Summary
BSE has listed Commercial Paper worth Rs 100 crore issued by Kirloskar Ferrous Industries Ltd on private placement basis. The securities are listed on the BSE Debt segment effective September 2, 2025, with scrip code 730125 and ISIN INE884B14671.
Key Points
- Commercial Paper of Rs 5,00,000 face value each, total quantity 2000 units
- Credit Rating: ICRA A1+
- Issue Price: Rs 4,92,636.10 per unit
- Maturity: 88 days (September 1, 2025 to November 28, 2025)
- Scrip Code: 730125, Scrip ID: KFIL01925
- Trading in dematerialized form only
- Standard denomination: Rs 5 lakhs and multiples thereof
- Tick size: 1 paise
Regulatory Changes
No regulatory changes announced. This is a routine listing notification.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form
- Trading shall occur in standard denomination of Rs 5 lakhs and multiples thereof
- Kotak Mahindra Bank Limited acts as Issuing and Paying Agent
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 on the debt segment. The A1+ rating indicates highest safety regarding timely payment. The 88-day tenor provides short-term investment opportunity for institutional investors.
Impact Justification
Routine debt listing notification for commercial paper issuance