Description

BSE lists 2000 units of Commercial Paper issued by Jindal Saw Limited on private placement basis worth Rs. 100 crores, maturing on February 10, 2026.

Summary

BSE has listed new Commercial Paper issued by Jindal Saw Limited on private placement basis effective November 12, 2025. The issuance consists of 2000 units with a face value of Rs. 5,00,000 each, totaling Rs. 100 crores. The securities carry a CARE A1+ credit rating and will mature on February 10, 2026. HDFC Bank Limited serves as the Issuing and Paying Agent.

Key Points

  • Total issuance: 2000 units of Rs. 5,00,000 each (Rs. 100 crores aggregate)
  • Issue price: Rs. 492,112.50 per unit (discount to face value)
  • Credit rating: CARE A1+
  • Scrip Code: 730540, Scrip ID: JSL121125
  • ISIN: INE324A14985
  • Market lot: 1 unit
  • Trading denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise
  • Trading mode: Dematerialized form only
  • Issuing and Paying Agent: HDFC Bank Limited

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 INE324A14985
  • Trading shall be conducted in standard denominations of Rs. 5 lakhs and multiples thereof
  • Members must adhere to the tick size of 1 paise for price movements
  • For clarifications, trading members should contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Notice Date: November 12, 2025
  • Allotment Date: November 12, 2025
  • Listing Date: November 12, 2025
  • Redemption Date: February 10, 2026
  • Tenure: 90 days (approximately 3 months)

Impact Assessment

This listing has minimal market-wide impact as it represents a routine short-term funding instrument for Jindal Saw Limited. The Commercial Paper is issued on a private placement basis with a strong CARE A1+ rating, indicating high credit quality. The 90-day tenure suggests working capital requirements. The discounted issue price (Rs. 492,112.50 against face value of Rs. 500,000) implies an effective yield for investors. Trading will be restricted to institutional and high-net-worth participants given the Rs. 5 lakh minimum trading lot. No impact on equity markets or retail investors expected.

Impact Justification

Routine commercial paper listing with standard terms. Limited market-wide impact as it's a private placement debt instrument for short-term funding.