Description

BSE announces listing of ₹10 crore debt securities issued by Sadbhav Gadag Highway Private Limited with 20% interest rate, maturing on October 29, 2028.

Summary

BSE has listed new debt securities of Sadbhav Gadag Highway Private Limited issued on private placement basis, effective December 3, 2025. The securities comprise 1,000 debentures with a face value of ₹1,00,000 each, carrying a 20% annual interest rate and maturing on October 29, 2028. The securities are rated ACUITE BB+ and will trade only in dematerialized form.

Key Points

  • Issuer: Sadbhav Gadag Highway Private Limited
  • Scrip Code: 977339
  • Scrip ID: 20SGHPL28
  • ISIN: INE04AP07024
  • Quantity: 1,000 debentures
  • Face Value: ₹1,00,000 per debenture
  • Issue Price: ₹1,00,000 per debenture
  • Total Issue Size: ₹10 crore
  • Market Lot: 1 unit
  • Credit Rating: ACUITE BB+ (speculative grade)
  • Date of Allotment: December 1, 2025
  • Interest Rate: 20% per annum
  • Interest Payment: Half-yearly from March 31, 2026 to October 29, 2028
  • Maturity Date: October 29, 2028
  • Put/Call Option: Not Available
  • Tick Size: 1 paise
  • Trading Mode: Dematerialized form only

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE04AP07024
  • Members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for detailed terms
  • The tick size of 1 paise must be observed for all trades
  • For clarifications, trading members may contact BSE debt department on 22728352/8597/8995/5753/8915

Important Dates

  • Allotment Date: December 1, 2025
  • Listing Date: December 3, 2025
  • First Interest Payment: March 31, 2026
  • Subsequent Interest Payments: Half-yearly until maturity
  • Redemption Date: October 29, 2028

Impact Assessment

Market Impact: Minimal. This is a routine private placement debt listing with no impact on equity markets or broader trading operations.

Investor Impact: Limited to institutional investors and high net-worth individuals participating in private placement. The BB+ rating indicates speculative grade credit quality, suggesting moderate to high credit risk.

Issuer Profile: Sadbhav Gadag Highway Private Limited is likely a special purpose vehicle (SPV) for highway infrastructure projects. The 20% coupon rate reflects the speculative grade credit rating and higher risk profile.

Liquidity Considerations: As a privately placed debt instrument with high face value (₹1 lakh) and limited quantity (1,000 units), secondary market liquidity is expected to be low.

Impact Justification

Routine listing of private placement debt securities by infrastructure company with limited market-wide impact