Description

BSE announces listing of 4000 units of Commercial Paper worth Rs. 200 crores issued by Sharekhan Limited on private placement basis, maturing on February 25, 2026.

Summary

BSE has listed new Commercial Paper issued by Sharekhan Limited on private placement basis with effect from November 26, 2025. The issue comprises 4000 units of face value Rs. 5,00,000 each, totaling Rs. 200 crores. The commercial paper carries CRISIL A1+ and ICRA A1+ ratings and will mature on February 25, 2026. HDFC Bank Limited acts as the Issuing and Paying Agent.

Key Points

  • Total issue size: 4000 units worth Rs. 200 crores (Rs. 5 lakh per unit)
  • Scrip Code: 730652, Scrip ID: SL261125
  • ISIN: INE211H14AH8
  • Credit Rating: CRISIL A1+ and ICRA A1+
  • Issue Price: Rs. 491,423.65 per unit (discount to face value)
  • Trading only in dematerialized form
  • Market lot: 1 unit
  • Tick size: 1 paise
  • Standard trading denomination: Rs. 5 lakhs and multiples thereof

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE211H14AH8
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • All trades subject to standard BSE Debt segment rules and regulations

Important Dates

  • Date of Allotment: November 26, 2025
  • Listing Date: November 26, 2025
  • Maturity/Redemption Date: February 25, 2026
  • Tenor: 91 days (approximately 3 months)

Impact Assessment

Market Impact: Minimal. This is a routine short-term commercial paper listing in the debt segment with a 3-month maturity period. The instrument is rated A1+ by both CRISIL and ICRA, indicating highest safety for short-term debt.

Operational Impact: Limited to debt segment trading members and institutional investors dealing in commercial paper. The issue provides Sharekhan Limited with short-term funding at an implied discount rate of approximately 7% annualized (based on issue price vs face value).

Liquidity Impact: Negligible impact on overall market liquidity. Commercial paper typically sees limited secondary market activity and is often held to maturity by institutional investors.

Impact Justification

Routine commercial paper listing for working capital purposes with no market-wide implications. Affects only debt segment participants trading in Sharekhan's commercial paper.