Description

BSE announces listing of two series of Commercial Papers issued by Godrej Housing Finance Limited on private placement basis, totaling Rs. 300 crores, with CRISIL A1+ and ICRA A1+ ratings.

Summary

BSE has listed two new series of Commercial Papers issued by Godrej Housing Finance Limited (GHFL) on private placement basis, effective October 30, 2025. The first series (GHFL-28-1-26-CP) consists of 4,000 units allotted on October 29, 2025, with redemption on January 28, 2026. The second series (GHFL-29-1-26-CP) consists of 2,000 units allotted on October 30, 2025, with redemption on January 29, 2026. Both series carry CRISIL A1+ and ICRA A1+ credit ratings, with ICICI Bank Limited serving as the Issuing and Paying Agent.

Key Points

  • Two Commercial Paper series listed on BSE Debt segment
  • Series 1 (Scrip Code: 730458, ISIN: INE02JD14674): 4,000 units of Rs. 5,00,000 each
  • Series 2 (Scrip Code: 730461, ISIN: INE02JD14666): 2,000 units of Rs. 5,00,000 each
  • Total issue size: Rs. 300 crores (Rs. 200 crores + Rs. 100 crores)
  • Face value: Rs. 5,00,000 per unit for both series
  • Issue price: Rs. 4,92,328.50 per unit (discount of approximately 1.53%)
  • Credit rating: CRISIL A1+ and ICRA A1+ (highest short-term rating)
  • Tenure: Approximately 3 months for both series
  • Issuing and Paying Agent: ICICI Bank Limited
  • Trading in dematerialized form only
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Market lot size is 1 unit
  • For clarifications, trading members should contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Series 1 (GHFL-28-1-26-CP):

    • Date of allotment: October 29, 2025
    • Listing date: October 30, 2025
    • Date of redemption: January 28, 2026

  • Series 2 (GHFL-29-1-26-CP):

    • Date of allotment: October 30, 2025
    • Listing date: October 30, 2025
    • Date of redemption: January 29, 2026

Impact Assessment

Market Impact: Low. This is a routine listing of commercial papers on private placement basis with limited secondary market trading activity expected.

Issuer Impact: Provides short-term funding of Rs. 300 crores to Godrej Housing Finance Limited for working capital and operational requirements.

Investor Impact: Offers institutional investors high-rated (A1+) short-term debt instruments with approximately 3-month tenure and implicit yield of around 6-7% annualized based on the discount.

Liquidity: Limited, as commercial papers on private placement basis typically have restricted trading and are held till maturity by institutional investors.

Credit Quality: Strong, as evidenced by dual A1+ ratings from CRISIL and ICRA, indicating highest degree of safety regarding timely payment of financial obligations.

Impact Justification

Routine commercial paper listing with standard terms; limited market-wide impact as it involves debt securities on private placement basis with short tenure.