Description

KEC International Ltd. lists new Commercial Paper worth Rs. 75 crore (1500 units of Rs. 5 lakh each) on BSE Debt segment with 3-month maturity.

Summary

BSE announces the listing of new Commercial Paper issued by KEC International Ltd. on private placement basis. The instrument comprises 1500 units of Rs. 5,00,000 each (total Rs. 75 crore) with a 3-month maturity period from December 5, 2025 to March 5, 2026. The Commercial Paper carries dual credit ratings of CRISIL A1+ and IND A1+, indicating highest safety for short-term debt instruments. Axis Bank Limited acts as the Issuing and Paying Agent.

Key Points

  • Total issue size: Rs. 75 crore (1500 units × Rs. 5 lakh)
  • Issue price: Rs. 4,91,409 per unit (face value Rs. 5,00,000)
  • Scrip Code: 730708, Scrip ID: KIL51225
  • ISIN: INE389H14LQ0
  • Credit Ratings: CRISIL A1+ and IND A1+
  • Trading only in dematerialized form
  • Market lot: 1 unit
  • Tick size: 1 paise
  • Standard trading denomination: Rs. 5 lakhs and multiples

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE389H14LQ0
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Members should contact BSE debt department (phone: 22728352/8597/8995/5753/8915) for clarifications

Important Dates

  • Allotment Date: December 5, 2025
  • Listing Date: December 5, 2025
  • Redemption Date: March 5, 2026
  • Maturity Period: 3 months (90 days)

Impact Assessment

Market Impact: Minimal. This is a routine short-term debt instrument listing by KEC International Ltd., a listed infrastructure company. Commercial papers are standard money market instruments used for working capital management.

Investor Impact: Low risk investment option for institutional investors seeking short-term deployment with top-tier credit ratings (A1+ from both CRISIL and IND). The discount of approximately 1.72% (issue price vs face value) translates to an annualized yield for the 3-month period.

Operational Impact: Standard BSE debt segment trading procedures apply. No special trading arrangements required.

Impact Justification

Routine commercial paper listing by established company with strong credit ratings (CRISIL A1+, IND A1+). Standard short-term debt instrument with no regulatory changes or market-wide impact.