Description

BSE announces listing of Commercial Paper worth Rs. 200 crores issued by Pilani Investment and Industries Corporation Limited on private placement basis, with redemption date of March 16, 2026.

Summary

BSE has listed new Commercial Paper issued by Pilani Investment and Industries Corporation Limited on its Debt segment effective December 15, 2025. The issuance comprises 4,000 units of Commercial Paper with face value of Rs. 5,00,000 each (total size Rs. 200 crores), issued on private placement basis. The instrument carries CARE A1+ and CRISIL A1+ credit ratings and will mature on March 16, 2026. ICICI Bank Limited acts as the Issuing and Paying Agent.

Key Points

  • Total issue size: Rs. 200 crores (4,000 units × Rs. 5,00,000)
  • Issue price: Rs. 4,91,725 per unit (discount to face value)
  • Face value: Rs. 5,00,000 per unit
  • Scrip Code: 730771
  • Scrip ID: PIIC151225
  • ISIN: INE417C14AJ8
  • Credit Rating: CARE A1+ and CRISIL A1+
  • Market lot: 1 unit
  • Tick size: 1 paise
  • Trading only in dematerialized form
  • Standard denomination: Rs. 5 lakhs and multiples thereof

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE417C14AJ8
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Tick size of 1 paise must be followed for trading
  • Trading members requiring clarification should contact BSE debt department on specified phone numbers: 22728352/8597/8995/5753/8915

Important Dates

  • Listing Date: December 15, 2025
  • Allotment Date: December 15, 2025
  • Redemption Date: March 16, 2026
  • Tenure: Approximately 91 days

Impact Assessment

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

Investor Impact: Minimal - Affects only institutional and high net-worth investors participating in private placement commercial paper market. The A1+ credit rating from both CARE and CRISIL indicates highest safety for short-term instruments.

Operational Impact: Standard operational procedures apply for trading members dealing in debt instruments. The use of ICICI Bank as Issuing and Paying Agent provides established infrastructure for settlement and redemption.

Liquidity Considerations: Commercial paper typically has limited secondary market liquidity given the short tenure and private placement nature of the instrument.

Impact Justification

Routine commercial paper listing with standard terms, limited market-wide impact, affects only debt segment participants and investors interested in short-term corporate debt instruments