Description
BSE lists new debt securities of Pradhaan City K R Puram Private Limited worth Rs. 59 crores with 18.5% interest rate.
Summary
BSE has listed new debt securities of Pradhaan City K R Puram Private Limited issued on private placement basis. The securities have a face value of Rs. 1,00,000 each with a total quantity of 5,900 units, representing Rs. 59 crores in value.
Key Points
- Securities listed on BSE Debt segment effective September 5, 2025
- Private placement basis issuance
- Face value: Rs. 1,00,000 per security
- Total quantity: 5,900 securities
- Interest rate: 18.5% per annum (quarterly payments)
- Credit rating: ACUITE B+/Stable
- Trading only in dematerialized form
- Tick size: 1 paise
Regulatory Changes
No regulatory changes introduced. Standard listing procedure for debt securities.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form under ISIN INE1ZL407013
- Securities to be traded with tick size of 1 paise
- Trading members can refer to Placement Memorandum for additional details
Important Dates
- Allotment Date: September 3, 2025
- Listing Date: September 5, 2025
- Interest Payment: Quarterly from November 30, 2026 to August 31, 2029
- Redemption Date: September 3, 2029
Impact Assessment
Limited market impact as this is a standard debt securities listing. The securities are rated B+ indicating moderate credit quality. The high interest rate of 18.5% reflects the credit profile of the issuer. Trading is restricted to institutional and qualified investors given the high face value of Rs. 1,00,000 per unit.
Impact Justification
Standard debt securities listing with limited market impact