Description

BSE announces listing of Commercial Paper worth Rs. 250 crores issued by Bharat Heavy Electricals Limited on private placement basis, with redemption on January 16, 2026.

Summary

BSE has listed new Commercial Paper issued by Bharat Heavy Electricals Limited (BHEL) on private placement basis. The instrument comprises 5,000 units of Rs. 5 lakh each, totaling Rs. 250 crores, with a 28-day tenure maturing on January 16, 2026. The commercial paper carries CARE A1+ and IND A1+ credit ratings and will trade on the BSE Debt segment in dematerialized form.

Key Points

  • Total issue size: Rs. 250 crores (5,000 units of Rs. 5,00,000 each)
  • Face value: Rs. 5,00,000 per unit
  • Issue price: Rs. 4,97,595 per unit (discount of Rs. 2,405)
  • Scrip Code: 730821
  • Scrip ID: BHEL191225
  • ISIN: INE257A14AE3
  • Credit ratings: CARE A1+ and IND A1+
  • Market lot: 1 unit
  • Trading only in dematerialized form
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise
  • Issuing and Paying Agent: ICICI Bank Limited

Regulatory Changes

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

Compliance Requirements

Trading members must:

  • Trade the securities only in dematerialized form under ISIN INE257A14AE3
  • Adhere to standard denomination of Rs. 5 lakhs and multiples thereof
  • Use tick size of 1 paise for trading
  • Contact BSE debt department (22728352/8597/8995/5753/8915) for any clarifications

Important Dates

  • Allotment Date: December 19, 2025
  • Listing Date: December 19, 2025
  • Redemption Date: January 16, 2026
  • Tenure: 28 days

Impact Assessment

Market Impact: Low - This is a routine short-term commercial paper listing with minimal market impact. The instrument provides BHEL with short-term working capital financing.

Investor Impact: Low - Available only to institutional investors through private placement. The high credit ratings (A1+) indicate low credit risk.

Operational Impact: Minimal - Standard debt segment listing with no special trading conditions or restrictions.

Impact Justification

Routine listing of short-term commercial paper with 28-day maturity; no market impact beyond standard debt instrument listing