Description
BSE announces listing of three series of Commercial Papers issued by SBICAP Securities Limited on private placement basis, with total quantity of 7,000 units worth Rs. 350 crores, maturing in March 2026.
Summary
BSE has listed three series of Commercial Papers issued by SBICAP Securities Limited on private placement basis, effective December 17, 2025. The securities comprise 7,000 units with face value of Rs. 5,00,000 each, totaling Rs. 350 crores, with redemption dates in March 2026. State Bank of India serves as the Issuing and Paying Agent. The instruments are rated CRISIL A1+ and ICRA A1+.
Key Points
- Total of 7,000 Commercial Paper units listed (4,000 + 1,000 + 2,000)
- Face value: Rs. 5,00,000 per unit
- Three series with maturity dates: March 17 and March 18, 2026
- Credit ratings: CRISIL A1+ and ICRA A1+
- 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
Securities Details
Series 1:
- ISIN: INE212K14DA9 (further listing)
- Scrip Code: 730785 (SBI161225)
- Quantity: 4,000 units
- Issue Price: Rs. 491,910.00
- Allotment Date: December 17, 2025
- Redemption Date: March 17, 2026
Series 2:
- ISIN: INE212K14DB7 (new)
- Scrip Code: 730795 (SBI171225)
- Quantity: 1,000 units
- Issue Price: Rs. 491,821.50
- Allotment Date: December 17, 2025
- Redemption Date: March 18, 2026
Series 3:
- ISIN: INE212K14DB7 (further listing)
- Scrip Code: 730795 (SBI171225)
- Quantity: 2,000 units
- Issue Price: Rs. 491,821.50
- Allotment Date: December 17, 2025
- Redemption Date: March 18, 2026
Regulatory Changes
No regulatory changes introduced. This is a routine listing notification under existing BSE debt segment regulations.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form
- Trading must be conducted in standard denominations of Rs. 5 lakhs and multiples thereof
- Trading members should contact BSE debt department (phone: 22728352/8597/8995/5753/8915) for any clarifications
- Securities admitted to dealings on BSE Debt segment effective immediately
Important Dates
- Notice Date: December 17, 2025
- Listing Date: December 17, 2025
- Allotment Date: December 17, 2025
- Redemption Date (Series 1): March 17, 2026
- Redemption Date (Series 2 & 3): March 18, 2026
Impact Assessment
This circular has minimal market impact as it relates to routine commercial paper listings in the debt segment. The listing provides SBICAP Securities Limited with short-term funding through the debt capital market for approximately 3 months. The high credit ratings (A1+) indicate strong creditworthiness. Impact is limited to debt market participants and does not affect equity markets or broader market operations. Trading members dealing in debt securities should note the new ISINs and scrip codes for trading purposes.
Impact Justification
Routine commercial paper listing by SBICAP Securities with no market-wide implications, affecting only debt segment trading members