Description

BSE announces listing of 25,000 non-convertible debentures of Lucina Land Development Limited with 13.50% p.a. interest rate, maturing on January 30, 2029.

Summary

BSE has listed new debt securities of Lucina Land Development Limited issued on a private placement basis, effective October 20, 2025. The securities consist of 25,000 non-convertible debentures with a face value of Rs. 1,00,000 each, carrying an interest rate of 13.50% per annum with monthly interest payments, maturing on January 30, 2029.

Key Points

  • Quantity: 25,000 units of NCDs
  • Scrip Code: 977226
  • Scrip ID: 1350LLD29
  • ISIN: INE0JZO07032
  • Face Value: Rs. 1,00,000 per debenture
  • Issue Price: Rs. 1,00,000
  • Interest Rate: 13.50% per annum (paid monthly)
  • Credit Rating: IVR A-(CE)/Stable
  • Market Lot: 1 unit
  • Tick Size: 1 paise
  • Trading Mode: Dematerialized form only

Regulatory Changes

No regulatory changes announced. This is a standard listing notification.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE0JZO07032
  • Members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for complete details
  • For clarifications, trading members may contact the debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Date of Allotment: October 17, 2025
  • Listing Date: October 20, 2025
  • Interest Payment: Monthly
  • Redemption Date: January 30, 2029

Impact Assessment

This listing has minimal market-wide impact as it involves privately placed debt securities. The impact is limited to:

  • Debt market participants interested in high-yield instruments (13.50% p.a.)
  • Investors seeking exposure to real estate development sector debt
  • The securities are rated IVR A-(CE)/Stable, indicating moderate credit quality
  • Total issue size of Rs. 250 crores (25,000 × Rs. 1,00,000) adds to the debt market but represents a relatively small issuance
  • No put/call options available, indicating standard redemption terms

Impact Justification

Routine listing of privately placed debt securities with limited market-wide impact, relevant primarily to debt market participants and investors in this specific issuer