Description

BSE announces the listing of 700 zero-coupon debentures of Varishtha Property Developers Private Limited with face value of Rs. 1,00,000 each, maturing on November 16, 2028.

Summary

BSE has listed new debt securities of Varishtha Property Developers Private Limited on its Debt segment effective October 13, 2025. The securities were issued on a private placement basis and consist of 700 zero-coupon debentures with a face value of Rs. 1,00,000 each. The debentures carry an ICRA BBB/Stable rating and will mature on November 16, 2028.

Key Points

  • 700 new zero-coupon debentures listed on BSE Debt segment
  • Scrip Code: 974848, Scrip ID: VPDPLZC28
  • ISIN: INE0PO508018 (further listing under same ISIN)
  • Face value and paid-up value: Rs. 1,00,000 per debenture
  • Market lot: 1 unit
  • Credit rating: ICRA BBB/Stable
  • Date of allotment: October 9, 2025
  • Interest rate: 0% per annum (zero-coupon)
  • Trading only in dematerialized form
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for privately placed debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE0PO508018
  • Members must use the specified tick size of 1 paise for trading
  • Members can refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for detailed information
  • For clarifications, trading members should contact the debt department at 22728352/8597/8995/5753/8915

Important Dates

  • October 9, 2025: Date of allotment
  • October 13, 2025: Listing and commencement of trading on BSE Debt segment
  • November 16, 2028: Redemption date (cumulative payment)

Impact Assessment

This listing has minimal market impact as it involves privately placed debt securities of a real estate development company. The zero-coupon structure means no periodic interest payments, with the entire return realized at maturity. The BBB rating indicates moderate credit quality with adequate protection parameters. The impact is limited to debt market participants interested in real estate sector exposure with a medium-term investment horizon of approximately 3 years. No put or call options are available, providing certainty on the maturity timeline.

Impact Justification

Routine debt securities listing on private placement basis with limited market impact, affecting only debt segment participants.