Description
BSE lists Rs. 25 crore commercial paper issued by Satin Creditcare Network Limited with maturity date of November 20, 2026.
Summary
BSE has listed new commercial paper securities of Satin Creditcare Network Limited issued on private placement basis. The securities comprise 500 units of Rs. 5,00,000/- each (total Rs. 25 crore) with ICRA A1+ rating, issued at discount price of Rs. 457146/- per unit and maturing on November 20, 2026.
Key Points
- Securities: Commercial Paper issued on private placement basis
- Face Value: Rs. 5,00,000/- per unit
- Total Quantity: 500 units (Rs. 25 crore aggregate)
- Issue Price: Rs. 457146/- per unit (discount to face value)
- Credit Rating: ICRA A1+
- Scrip Code: 730634
- Scrip ID: SCN211125
- ISIN: INE836B14333
- Market Lot: 1 unit
- Tick Size: 1 paise
- Issuing and Paying Agent: Axis Bank Limited
- Trading: Dematerialized form only
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form under ISIN INE836B14333
- Trading shall take place in standard denomination of Rs. 5 lakhs and multiples thereof
- Securities will be traded on BSE Debt segment only
Important Dates
- Allotment Date: November 21, 2025
- Listing Date: November 24, 2025 (effective today)
- Redemption Date: November 20, 2026
- Tenure: Approximately 12 months
Impact Assessment
This is a routine debt listing with minimal market impact. The commercial paper provides short-term funding to Satin Creditcare Network Limited for approximately one year. The A1+ rating from ICRA indicates highest credit quality and minimal credit risk. Trading is restricted to BSE Debt segment with minimum denomination of Rs. 5 lakhs, limiting participation to institutional and high net-worth investors. No impact on equity markets or retail investors.
Impact Justification
Routine commercial paper listing with no impact on equity markets or trading operations