Description

ECL Finance Limited's new commercial paper of Rs. 5 Lakhs each listed on BSE Debt segment with maturity date of June 25, 2026.

Summary

ECL Finance Limited has listed new commercial paper on BSE’s Debt segment effective December 18, 2025. The private placement issue comprises 1,000 units of Rs. 5,00,000 each (total Rs. 50 crores), with a tenure of approximately 6 months maturing on June 25, 2026. The instruments carry CRISIL A1+ and IVR A1+ credit ratings and will be traded exclusively in dematerialized form through ICICI Bank Ltd as the Issuing and Paying Agent.

Key Points

  • Total issue size: 1,000 units at Rs. 5 Lakhs face value each (Rs. 50 crores aggregate)
  • Issue price: Rs. 478,933.50 per unit (discount to face value)
  • Credit ratings: CRISIL A1+ and IVR A1+ (highest short-term ratings)
  • Allotment date: December 17, 2025
  • Redemption date: June 25, 2026
  • Scrip Code: 730804, Scrip ID: ECLF171225
  • ISIN: INE804I14YH8
  • Market lot: 1 unit
  • Tick size: 1 paise
  • Trading mode: Dematerialized only

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for newly issued commercial paper under existing BSE Debt segment framework.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE804I14YH8
  • Trading shall be conducted in standard denomination of Rs. 5 Lakhs and multiples thereof
  • Securities must be settled through the designated Issuing and Paying Agent (ICICI Bank Ltd)
  • Members requiring clarifications may contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Notice Date: December 18, 2025
  • Deemed Date of Allotment: December 17, 2025
  • Listing Date: December 18, 2025 (effective immediately)
  • Redemption Date: June 25, 2026

Impact Assessment

Market Impact: Minimal. This is a routine commercial paper listing that adds short-term debt instruments to the BSE Debt segment. The issue size of Rs. 50 crores is moderate and typical for corporate commercial paper programs.

Investor Impact: Provides institutional and high-net-worth investors with an additional A1+ rated short-term investment option with approximately 6-month tenure. The discount issue price of Rs. 478,933.50 against face value of Rs. 500,000 offers yield to maturity.

Operational Impact: Trading members gain access to trade ECL Finance commercial paper on the debt platform with standard settlement procedures through ICICI Bank as the paying agent. The Rs. 5 Lakhs minimum trading denomination limits participation to institutional and qualified investors.

Impact Justification

Routine commercial paper listing with standard terms, limited market-wide impact, relevant primarily to debt market participants and investors in ECL Finance instruments