Description

PCBL Chemical Limited's commercial paper worth Rs. 100 crore (2000 units of Rs. 5 lakh each) with ICRA A1+ rating listed on BSE Debt segment, maturing on February 4, 2026.

Summary

PCBL Chemical Limited has listed new commercial paper on BSE’s Debt segment on November 27, 2025. The issue consists of 2000 units of Rs. 5,00,000 each (total Rs. 100 crore) issued on private placement basis. The instruments carry an ICRA A1+ credit rating and were allotted on November 6, 2025, with redemption scheduled for February 4, 2026. YES Bank Limited serves as the Issuing and Paying Agent.

Key Points

  • Commercial paper issue size: Rs. 100 crore (2000 units of Rs. 5 lakh each)
  • Scrip Code: 730663, Scrip ID: PCL061125
  • ISIN Number: INE602A14489
  • Credit Rating: ICRA A1+ (highest short-term rating)
  • Issue Price: Rs. 492,447.50 per unit (discount to face value)
  • Face Value/Paid-up Value: Rs. 5,00,000 per unit
  • Market Lot: 1 unit
  • Trading: Dematerialized form only
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes announced. This is a standard commercial paper listing notification.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE602A14489
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Members requiring clarification should contact the debt department at specified phone numbers (22728352/8597/8995/5753/8915)

Important Dates

  • Allotment Date: November 6, 2025
  • Listing Date: November 27, 2025
  • Redemption Date: February 4, 2026
  • Tenure: 90 days (approximately 3 months)

Impact Assessment

This is a routine short-term debt instrument listing with minimal market impact. The commercial paper provides PCBL Chemical Limited with short-term working capital financing at competitive rates, as indicated by the ICRA A1+ rating. The 90-day tenure and private placement nature limit broader market implications. Impact is confined to debt market participants, institutional investors, and the company’s treasury operations. The discount pricing (Rs. 492,447.50 vs Rs. 500,000 face value) implies an annualized yield of approximately 6.1%, reflecting prevailing short-term money market rates.

Impact Justification

Routine commercial paper listing for short-term funding with limited market-wide impact, relevant primarily to debt market participants and the issuing company.