Description

BSE announces listing of commercial papers from six companies including 360 ONE Prime Limited, UGRO Capital, DSP Finance, CNH Industrial Capital, SBICAP Securities, and Himadri Speciality Chemical on debt market segment.

Summary

BSE has listed commercial papers issued on private placement basis by six companies on its debt market segment effective December 29, 2025. The securities will trade in dematerialized form only with standard denomination of Rs. 5 lakhs and tick size of 1 paise.

Key Points

  • Six companies have listed commercial papers totaling 10,300 units worth Rs. 515 crores aggregate
  • 360 ONE Prime Limited: 2,000 units at 7.00% p.a., maturing March 6, 2026 (CRISIL A1+, ICRA A1+)
  • UGRO Capital Limited: 300 units at 9.00% p.a., maturing June 25, 2026 (IND A1+)
  • DSP Finance Private Limited: 2,000 units at 7.30% p.a., maturing June 25, 2026 (ICRA A1+)
  • CNH Industrial Capital India: 2,000 units at 6.45% p.a., maturing March 27, 2026 (CRISIL A1+, IND A1+)
  • SBICAP Securities Limited: 2,000 units at 6.67% p.a., maturing March 27, 2026 (CRISIL A1+, ICRA A1+)
  • Himadri Speciality Chemical Ltd: Details partially provided in content
  • All securities allotted on December 26, 2025 with cumulative interest payment structure
  • Trading permitted only in dematerialized form under specified ISIN numbers

Regulatory Changes

No regulatory changes introduced. Standard debt segment listing procedures apply.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Market lot size: 1 unit
  • Tick size: 1 paise
  • Trading members requiring clarification should contact BSE debt department at specified phone numbers (22728352/8597/8995/5753/8915)

Important Dates

  • Allotment Date: December 26, 2025 (all securities)
  • Trading Effective Date: December 29, 2025
  • Redemption Dates:
    • March 6, 2026: 360 ONE Prime Limited
    • March 27, 2026: CNH Industrial Capital, SBICAP Securities
    • June 25, 2026: UGRO Capital, DSP Finance

Impact Assessment

Market Impact: Minimal impact on equity markets. This is a routine debt segment listing applicable only to institutional investors and debt market participants.

Operational Impact: Limited to trading members dealing in debt securities. Provides short-term funding instruments for participating companies with tenures ranging from 70 to 180 days.

Investor Impact: Relevant only for debt market investors seeking high-rated commercial paper investments. Interest rates range from 6.45% to 9.00% p.a., reflecting credit quality and tenure differences.

Impact Justification

Routine listing of commercial papers on debt segment with limited impact on broader market participants