Description

BSE announces listing of 700 zero-coupon debt securities (VPDPL-ZC-16-11-28-PVT) issued by Varishtha Property Developers Private Limited on private placement basis, effective October 13, 2025.

Summary

BSE has listed and admitted to trading 700 new zero-coupon debt securities issued by Varishtha Property Developers Private Limited on a private placement basis. The securities are listed on the BSE Debt segment effective October 13, 2025, under scrip code 974848 and ISIN INE0PO508018. These are cumulative securities with a face value of Rs. 100,000 each, rated ICRA BBB/Stable, maturing on November 16, 2028.

Key Points

  • Quantity: 700 securities
  • Scrip Code: 974848
  • Scrip ID: VPDPLZC28
  • Detail Name: VPDPL-ZC-16-11-28-PVT
  • ISIN: INE0PO508018 (Further listing under same ISIN)
  • Face Value: Rs. 100,000 per security
  • Issue Price: Rs. 100,000 per security
  • Market Lot: 1
  • Credit Rating: ICRA BBB/Stable
  • Interest Rate: 0% per annum (zero-coupon cumulative structure)
  • Trading only in dematerialized form
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE0PO508018
  • Members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for complete details
  • Any clarifications should be directed to BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Date of Allotment: October 9, 2025
  • Listing Date: October 13, 2025
  • Date of Payment of Interest: November 16, 2028 (cumulative)
  • Date of Redemption: November 16, 2028

Impact Assessment

This is a routine debt security listing with minimal market impact. The private placement involves a relatively small quantity (700 securities) of zero-coupon debt instruments from a private limited company. The securities are rated investment grade (ICRA BBB/Stable) and have a three-year tenure. Impact is limited to debt market participants interested in private placement securities and does not affect broader equity markets or retail investors.

Impact Justification

Routine debt security listing for private placement with limited market impact, no equity securities involved, company not publicly traded