Description

BSE announces the listing of new commercial paper instruments issued by SBICAP Securities Limited on private placement basis, totaling Rs. 350 crores across four tranches with maturity in March 2026.

Summary

BSE has listed four tranches of Commercial Paper issued by SBICAP Securities Limited on private placement basis, effective December 16, 2025. The instruments aggregate to Rs. 350 crores (7,000 units of Rs. 5 lakhs each) with redemption dates in March 2026. All instruments are rated CRISIL A1+ and ICRA A1+, with State Bank of India acting as the Issuing and Paying Agent.

Key Points

  • Four tranches of Commercial Paper listed totaling 7,000 units (Rs. 350 crores)
  • Face value: Rs. 5,00,000 per unit
  • Issue prices range from Rs. 4,91,821.50 to Rs. 4,92,026.50
  • Credit ratings: CRISIL A1+ and ICRA A1+
  • Allotment dates: December 15-16, 2025
  • Redemption date: March 16-17, 2026 (approximately 90-92 days tenure)
  • Two ISIN numbers: INE212K14CZ8 and INE212K14DA9
  • Scrip codes: 730779 and 730785
  • Trading only in dematerialized form
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise
  • Issuing and Paying Agent: State Bank of India

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Trading must occur in standard denomination of Rs. 5 lakhs and multiples thereof
  • Tick size of 1 paise must be adhered to for all transactions

Important Dates

  • Listing Date: December 16, 2025
  • Allotment Dates: December 15, 2025 (Tranches 1 & 2) and December 16, 2025 (Tranches 3 & 4)
  • Redemption Dates: March 16, 2026 (Tranches 1 & 2) and March 17, 2026 (Tranches 3 & 4)

Impact Assessment

Market Impact: Minimal. This is a routine commercial paper listing in the debt segment, adding short-term debt instruments to the market.

Operational Impact: Limited to debt market participants trading in commercial paper. The listing provides additional short-term debt investment options for institutional investors.

Issuer Impact: Positive for SBICAP Securities Limited as it successfully raises Rs. 350 crores through commercial paper at competitive rates, with strong credit ratings (A1+) indicating high creditworthiness.

Liquidity: The instruments are listed on BSE Debt segment, providing secondary market liquidity to investors, though commercial paper is typically held to maturity.

Impact Justification

Routine commercial paper listing notification with no regulatory changes or compliance requirements for broader market participants. Impact limited to debt market participants and the issuing company.