Description

BSE notifies the listing of commercial paper issued by L&T Metro Rail (Hyderabad), Time Technoplast, SBICAP Securities, SEIL Energy India, Solar Industries India, and Redington Limited on private placement basis, now admitted to trading on the debt market segment.

Summary

BSE has listed commercial paper securities issued on a private placement basis by six companies on the debt market segment, effective December 24, 2025. The securities are traded in dematerialized form only with standard denomination of Rs. 5 lakhs and multiples thereof, with a tick size of 1 paise. Trading members can contact the debt department for clarifications.

Key Points

  • Six companies have listed commercial paper on BSE debt segment
  • L&T Metro Rail (Hyderabad): 15,200 units worth Rs. 500,000 each, maturing March 6, 2026, ISIN INE128M14AY9, rated CRISIL A1+/IND A1+, 6.65% p.a.
  • Time Technoplast: 2,000 units, maturing March 20, 2026, ISIN INE508G14IE9, rated CRISIL A1+/ICRA A1+, 7.60% p.a.
  • SBICAP Securities: 2,000 units, maturing March 24, 2026, ISIN INE212K14DE1, rated CRISIL A1+/ICRA A1+, 6.72% p.a.
  • SEIL Energy India: 3,000 units, maturing March 24, 2026, ISIN INE460M14800, rated CRISIL A1+/ICRA A1+, 6.20% p.a.
  • Solar Industries India: 2,000 units, maturing March 23, 2026, ISIN INE343H14212, rated ICRA A1+, 6.28% p.a.
  • All securities trade in dematerialized form with standard denomination of Rs. 5 lakhs
  • Tick size is 1 paise for all securities
  • Market lot is 1 unit for all issuances

Regulatory Changes

No regulatory changes. This is a routine listing notification.

Compliance Requirements

No new compliance requirements for trading members. The circular is informational regarding new debt securities admitted to trading.

Important Dates

  • Effective Date: December 24, 2025 (listing and trading commencement)
  • Allotment Dates: December 23-24, 2025 (various issuers)
  • Redemption Dates: March 6, 20, 23, and 24, 2026 (various securities)
  • Interest Payment: Cumulative basis on respective redemption dates

Impact Assessment

This circular has minimal market impact as it is a standard listing notification for debt securities. It provides trading members with details of newly listed commercial paper for institutional trading. The private placement securities are short-term instruments (90-92 day tenure) rated A1+ by major rating agencies, indicating high credit quality. The information is primarily relevant for debt market participants and institutional investors dealing in short-term corporate debt instruments.

Impact Justification

Routine listing notification for commercial paper on private placement basis; informational in nature with no regulatory changes or compliance requirements for general market participants