Description
BSE announces listing of Rs. 500 crore Commercial Paper issued by J.K. Cement Limited on private placement basis with CARE A1+ rating, effective November 25, 2025.
Summary
BSE has listed new Commercial Paper issued by J.K. Cement Limited on private placement basis, effective November 25, 2025. The issue comprises 1,000 units of Rs. 5,00,000 each (total Rs. 500 crore) with a 91-day tenor, carrying CARE A1+ credit rating. IDBI Bank Limited acts as the Issuing and Paying Agent.
Key Points
- Security Type: Commercial Paper on private placement basis
- Issue Size: 1,000 units of Rs. 5 lakhs each (Rs. 500 crore total)
- Issue Price: Rs. 4,92,534 per unit (discount to face value)
- Face Value: Rs. 5,00,000 per unit
- Scrip Code: 730643
- Scrip ID: JKCL241125
- ISIN: INE823G14BA5
- Credit Rating: CARE A1+
- Market Lot: 1 unit
- Trading: Dematerialized form only
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form
- Trading permitted in standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size for the securities is 1 paise
- Securities admitted to dealings on BSE Debt segment
Important Dates
- Notice Date: November 25, 2025
- Allotment Date: November 24, 2025
- Listing Effective Date: November 25, 2025
- Redemption Date: February 23, 2026
- Tenor: 91 days
Impact Assessment
Limited market impact as this is a routine debt instrument listing. The Commercial Paper provides short-term funding for J.K. Cement Limited and offers investment opportunity for debt market participants. The CARE A1+ rating indicates highest safety for short-term instruments. Trading will be restricted to BSE Debt segment with minimum lot size of Rs. 5 lakhs, making it accessible primarily to institutional investors and high net-worth individuals.
Impact Justification
Routine debt instrument listing with no market-wide implications; affects only debt segment trading members dealing with commercial paper