Description

BSE announces listing of 2000 Commercial Papers worth Rs. 5 lakhs each issued by Kirloskar Ferrous Industries Limited on private placement basis, effective December 1, 2025.

Summary

BSE has listed new Commercial Papers issued by Kirloskar Ferrous Industries Limited on private placement basis with effect from December 1, 2025. The listing comprises 2000 Commercial Papers with a face value of Rs. 5,00,000 each, totaling Rs. 100 crores. The securities carry an ICRA A1+ credit rating and will be traded exclusively in dematerialized form on the BSE Debt segment.

Key Points

  • Quantity: 2000 Commercial Papers
  • Face Value: Rs. 5,00,000 per unit
  • Issue Price: Rs. 4,92,291.92 per unit
  • Scrip Code: 730673
  • Scrip ID: KFIL281125
  • ISIN: INE884B14713
  • Credit Rating: ICRA A1+
  • Market Lot: 1
  • Issuing and Paying Agent: Kotak Mahindra Bank Limited
  • Trading: Dematerialized form only
  • Standard Denomination: Rs. 5 lakhs and multiples thereof
  • Tick Size: 1 paise

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE884B14713
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Tick size of 1 paise must be observed for price movements

Important Dates

  • Allotment Date: November 28, 2025
  • Listing Date: December 1, 2025
  • Redemption Date: February 26, 2026
  • Tenure: 90 days (approximately 3 months)

Impact Assessment

Market Impact: Minimal. This is a routine commercial paper listing on the debt segment with limited market-wide implications.

Operational Impact: Trading members dealing in debt securities can now trade these instruments. The short 90-day tenure indicates this is a standard working capital financing instrument.

Investor Impact: Provides institutional investors with a short-term debt investment option rated ICRA A1+ (highest short-term rating), indicating strong safety of principal and timely payment capacity.

Impact Justification

Routine commercial paper listing with no market-wide impact, affecting only debt segment participants and specific issuer investors