Description
BSE announces listing of Rs.35 crore commercial paper by Nuvama Wealth Management Limited with 3-month tenor.
Summary
BSE has listed new commercial paper securities issued by Nuvama Wealth Management Limited on private placement basis. The listing comprises 700 securities of Rs.5 lakh each, totaling Rs.35 crore, with a 3-month maturity period.
Key Points
- Securities: Commercial Paper of Rs.5,00,000 each
- Quantity: 700 units (Total value: Rs.35 crore)
- Issue Price: Rs.4,90,846.50 per unit
- Credit Rating: CARE A1+, CRISIL A1+
- Scrip Code: 730148
- ISIN: INE531F14FH2
- Trading in dematerialized form only
- Standard denomination: Rs.5 lakhs and multiples
- Tick size: 1 paise
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Trading shall be in standard denomination of Rs.5 lakhs and multiples thereof
- ICICI Bank Ltd acts as Issuing and Paying agent
Important Dates
- Allotment Date: September 3, 2025
- Listing Date: September 4, 2025
- Redemption Date: December 3, 2025
Impact Assessment
Minimal market impact as this is a routine commercial paper listing for short-term funding requirements. The securities provide institutional investors with a 3-month investment option backed by strong credit ratings.
Impact Justification
Routine commercial paper listing with limited market impact