Description
BSE lists 2000 commercial papers of Kirloskar Ferrous Industries Limited worth Rs. 5 lakhs each, issued on private placement basis with ICRA A1+ rating.
Summary
BSE has listed new Commercial Paper issued by Kirloskar Ferrous Industries Limited on private placement basis. The listing consists of 2000 commercial papers with face value of Rs. 5,00,000 each, totaling Rs. 100 crore. The securities are admitted to dealings on the BSE Debt segment effective December 01, 2025.
Key Points
- Issuer: Kirloskar Ferrous Industries Limited
- Instrument Type: Commercial Paper (Private Placement)
- Quantity: 2000 units
- Face Value: Rs. 5,00,000 per unit
- Issue Price: Rs. 4,92,291.92 per unit
- Credit Rating: ICRA A1+
- Scrip Code: 730673
- Scrip ID: KFIL281125
- ISIN Number: INE884B14713
- Market Lot: 1 unit
- Tick Size: 1 paise
- Issuing and Paying Agent: Kotak Mahindra Bank Limited
Regulatory Changes
No regulatory changes introduced in this circular.
Compliance Requirements
- Trading members must trade these securities only in dematerialised form under ISIN INE884B14713
- Trading shall take place in standard denomination of Rs. 5 lakhs and multiples thereof
- Securities will be traded on BSE Debt segment with tick size of 1 paise
Important Dates
- Allotment Date: November 28, 2025
- Listing Date: December 01, 2025
- Redemption Date: February 26, 2026
- Tenure: 90 days
Impact Assessment
This is a routine commercial paper listing with minimal market impact. The short-term debt instrument provides Kirloskar Ferrous Industries Limited with working capital financing. The ICRA A1+ rating indicates high credit quality. Trading members dealing in debt securities can facilitate transactions in this instrument for institutional investors seeking short-term fixed income opportunities.
Impact Justification
Routine commercial paper listing for short-term debt instrument with 90-day maturity, limited market-wide impact