Description

Jindal Saw Limited has listed new Commercial Paper worth Rs. 100 crore on BSE Debt segment with maturity on 10 February 2026.

Summary

BSE has listed new Commercial Paper issued by Jindal Saw Limited on private placement basis. The issuance consists of 2,000 units of Commercial Paper with a face value of Rs. 5,00,000 each, totaling Rs. 100 crore. The securities are listed on BSE Debt segment with effect from 12 November 2025 and will mature on 10 February 2026. HDFC Bank Limited acts as the Issuing and Paying agent.

Key Points

  • Issuer: Jindal Saw Limited
  • Instrument: Commercial Paper (privately placed)
  • Total Issue Size: Rs. 100 crore (2,000 units × Rs. 5,00,000)
  • Face Value: Rs. 5,00,000 per unit
  • Issue Price: Rs. 4,92,112.50 per unit
  • Scrip Code: 730540
  • Scrip ID: JSL121125
  • ISIN: INE324A14985
  • Credit Rating: CARE A1+
  • Market Lot: 1 unit
  • Allotment Date: 12 November 2025
  • Redemption Date: 10 February 2026
  • Tenor: Approximately 90 days
  • Issuing and Paying Agent: HDFC Bank Limited

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE324A14985
  • Trading shall take place in standard denomination of Rs. 5 lakhs and multiples thereof
  • Tick size for the securities is 1 paise
  • Trading members requiring clarification should contact BSE debt department on 22728352/8597/8995/5753/8915

Important Dates

  • Listing Date: 12 November 2025
  • Allotment Date: 12 November 2025
  • Redemption Date: 10 February 2026

Impact Assessment

This is a routine commercial paper listing with minimal market impact. Commercial papers are short-term unsecured debt instruments typically used by companies for working capital needs. The CARE A1+ rating indicates strong credit quality. The issuance provides Jindal Saw Limited with short-term funding at competitive rates (implied yield approximately 6.4% annualized based on discount to face value). For investors, this offers a short-tenor debt instrument backed by a creditworthy issuer. Trading is restricted to institutional and high net-worth investors due to the Rs. 5 lakh minimum lot size.

Impact Justification

Routine commercial paper listing for corporate funding; minimal market impact as it's a standard debt instrument listing.