Description
BSE admits six newly listed Commercial Papers issued on private placement basis to trading on the Debt Segment, covering IGH Holdings, InCred Financial Services, Axis Finance, 360 ONE WAM, Hinduja Housing Finance, and DSP Finance.
Summary
BSE Notice No. 20260302-39 informs trading members that several new Commercial Papers (CPs) issued on a private placement basis have been listed and admitted to trading on the BSE Debt Segment effective March 2, 2026. All securities must be traded exclusively in dematerialised form in standard denominations of Rs. 5 Lakhs and multiples thereof, with a tick size of 1 paise.
Key Points
- Six Commercial Paper issuances admitted to BSE Debt Segment trading effective 02 March 2026
- All CPs are demat-only, traded in denominations of Rs. 5 Lakhs and multiples
- Tick size: 1 paise for all listed CPs
- Interest payment basis is cumulative for all issuances
- Credit ratings range from CARE A1+/CRISIL A1+/ICRA A1+/IND A1+ across issuers
- Contact: BSE Debt Department at 22728352/8597/8995/5753/8915
Regulatory Changes
No regulatory changes introduced. This is a standard fresh listing notification under existing BSE Debt Segment framework for privately placed securities.
Compliance Requirements
- Trading members must trade these securities only in dematerialised form under the respective ISIN numbers
- Standard denomination of Rs. 5 Lakhs and multiples thereof must be observed
- Tick size of 1 paise must be adhered to for all listed CPs
Important Dates
| Company | Scrip Code | ISIN | Allotment Date | Redemption Date | Issue Price (Rs.) |
|---|---|---|---|---|---|
| IGH Holdings Private Limited | 731214 | INE02FN14804 | 02/03/2026 | 01/06/2026 | 4,90,462.00 |
| InCred Financial Services Limited | 731215 | INE321N14380 | 27/02/2026 | 26/08/2026 | 4,79,204.00 |
| Axis Finance Limited | 731216 | INE891K14PV0 | 27/02/2026 | 29/01/2027 | 4,68,031.50 |
| 360 ONE WAM Limited | 731217 | INE466L14FY4 | 27/02/2026 | 29/05/2026 | 4,90,234.50 |
| Hinduja Housing Finance Limited | 731213 | INE401Y14064 | 27/02/2026 | 26/08/2026 | 4,82,396.00 |
| DSP Finance Private Limited | TBD | TBD | TBD | TBD | TBD |
Impact Assessment
This is a routine debt market listing notice with low market impact. The CPs listed carry top-tier short-term credit ratings (A1+) from multiple rating agencies (CARE, CRISIL, ICRA, IND), indicating low credit risk. Interest rates range from approximately 7.40% to 8.80% p.a., reflecting prevailing short-term money market conditions. Tenors range from approximately 3 months (IGH Holdings) to about 11 months (Axis Finance). The total notional value across known issuances is significant (16,500 units × Rs. 5 Lakhs face value = Rs. 825 Crores), but this is standard activity for the BSE Debt Segment and has no material impact on equity markets.
Impact Justification
Routine operational notice for admission of privately placed Commercial Papers to BSE Debt Segment trading; no regulatory changes, no equity market impact, standard process affecting only debt market participants.