Description

BSE announces the listing of commercial paper issued by Tata Housing Development Company, ICICI Securities Primary Dealership, Tata Steel, Muthoottu Mini Financiers, and Nuvama Wealth on the debt market segment, effective January 8, 2026.

Summary

BSE has listed new commercial paper securities issued on a private placement basis by five companies on its debt market segment effective January 8, 2026. The securities include issuances from Tata Housing Development Company (₹310 crore), ICICI Securities Primary Dealership (₹350 crore), Tata Steel (₹600 crore and ₹650 crore), Muthoottu Mini Financiers (₹10 crore), and Nuvama Wealth and Investment Limited. All securities will trade in dematerialized form only.

Key Points

  • Five companies have listed commercial paper worth approximately ₹1,920 crore on BSE debt segment
  • Securities trade only in dematerialized form with standard denomination of ₹5 lakhs and multiples thereof
  • Tick size for all securities is 1 paise
  • Interest rates range from 6.00% p.a. (Tata Steel) to 9.65% p.a. (Muthoottu Mini Financiers)
  • Maturity periods range from 41 days to 90 days from allotment date
  • All securities carry A1+ credit ratings from agencies like CARE, CRISIL, ICRA, and IND
  • Trading members can contact BSE debt department at specified phone numbers for clarifications

Key Securities Details

Tata Housing Development Company Limited

  • Quantity: 6,200 units (₹310 crore)
  • Scrip Code: 730899 | ISIN: INE582L14JF9
  • Interest Rate: 6.20% p.a. | Redemption: February 25, 2026
  • Rating: CARE A1+, IND A1+

ICICI Securities Primary Dealership Limited

  • Quantity: 7,000 units (₹350 crore)
  • Scrip Code: 730901 | ISIN: INE849D14HY4
  • Interest Rate: 6.40% p.a. | Redemption: March 16, 2026
  • Rating: CRISIL A1+, ICRA A1+

Tata Steel Limited (First Issuance)

  • Quantity: 12,000 units (₹600 crore)
  • Scrip Code: 730900 | ISIN: INE081A14GM7
  • Interest Rate: 6.00% p.a. | Redemption: February 17, 2026
  • Rating: ICRA A1+, IND A1+

Tata Steel Limited (Second Issuance)

  • Quantity: 13,000 units (₹650 crore)
  • Scrip Code: 730902 | ISIN: INE081A14GL9
  • Interest Rate: 6.05% p.a. | Redemption: March 25, 2026
  • Rating: ICRA A1+, IND A1+

Muthoottu Mini Financiers Limited

  • Quantity: 200 units (₹10 crore)
  • Scrip Code: 730903 | ISIN: INE101Q14314
  • Interest Rate: 9.65% p.a. | Redemption: April 7, 2026
  • Rating: CARE A1+

Regulatory Changes

No regulatory changes introduced. This is a standard listing notice for privately placed debt securities.

Compliance Requirements

  • Trading members must ensure all trades are conducted in dematerialized form only
  • Trading must be in standard denomination of ₹5 lakhs and multiples thereof
  • Market lot size is 1 unit for all listed securities
  • Trading members should use the specific ISIN numbers and scrip codes provided for each security
  • Interest payments are cumulative and payable on redemption date

Important Dates

  • Effective Listing Date: January 8, 2026
  • Allotment Dates: January 7-8, 2026 (varies by issuer)
  • Redemption Dates:
    • February 17, 2026: Tata Steel (First Issuance)
    • February 25, 2026: Tata Housing Development Company
    • March 16, 2026: ICICI Securities Primary Dealership
    • March 25, 2026: Tata Steel (Second Issuance)
    • April 7, 2026: Muthoottu Mini Financiers

Impact Assessment

Market Impact: Low - This is a routine listing of privately placed commercial paper affecting only the debt market segment. The securities are institutional in nature with high minimum denomination requirements (₹5 lakhs), limiting participation to institutional and high-net-worth investors.

Operational Impact: Minimal - Trading members dealing in debt securities should update their systems with the new scrip codes and ISIN numbers. The securities follow standard BSE debt segment trading protocols.

Issuer Profile: The list includes highly rated issuers (all A1+ rated) including blue-chip companies like Tata Steel, indicating low credit risk. Interest rates are competitive and reflect current market conditions for short-term commercial paper.

Contact Information: Debt department - 22728352/8597/8995/5753/8915

Impact Justification

Routine listing notice for privately placed commercial paper securities affecting only debt market participants and specific institutional investors