Description
BSE lists new commercial papers on its Debt Market Segment issued on private placement basis by Bajaj Financial Securities, Nuvama Wealth, SBICAP Securities, Manappuram Finance, Julius Baer Capital, and JSW Energy, effective March 11, 2026.
Summary
BSE has listed new commercial papers (CPs) on its Debt Market Segment under Notice No. 20260311-32, effective March 11, 2026. These securities were issued on a private placement basis and allotted on March 10, 2026. Six issuers are covered: Bajaj Financial Securities Limited, Nuvama Wealth and Investment Limited, SBICAP Securities Limited, Manappuram Finance Limited, Julius Baer Capital (India) Private Limited, and JSW Energy Limited. All securities are to be traded exclusively in dematerialised form.
Key Points
- All listed CPs are traded in dematerialised form only under their respective ISIN numbers
- Standard denomination for trading is Rs. 5 Lakhs and multiples thereof
- Tick size for all securities is 1 paise
- All CPs were allotted on March 10, 2026
- Face value and paid-up value for all CPs is Rs. 5,00,000 per unit
- Credit ratings are high-grade (A1+) across all issuers from CRISIL, CARE, ICRA, and IND rating agencies
- For clarifications, trading members may contact the BSE Debt Department: 22728352 / 8597 / 8995 / 5753 / 8915
Regulatory Changes
No new regulatory changes introduced. This is a routine operational listing notice under existing BSE Debt Segment listing framework for privately placed securities.
Compliance Requirements
- Trading members must trade these securities only in dematerialised form
- Trades must be in standard denominations of Rs. 5 Lakhs and multiples thereof
- Tick size of 1 paise must be observed for all listed CPs
Important Dates
| Issuer | Allotment Date | Redemption Date | Interest Payment |
|---|---|---|---|
| Bajaj Financial Securities Ltd (BFSL-11-05-26-CP) | 10/03/2026 | 11/05/2026 | Cumulative: 11/05/2026 |
| Nuvama Wealth and Investment Ltd (NWIL-9-6-26-CP) | 10/03/2026 | 09/06/2026 | Cumulative: 09/06/2026 |
| SBICAP Securities Ltd (SSL-9-6-26-CP) | 10/03/2026 | 09/06/2026 | Cumulative: 09/06/2026 |
| Manappuram Finance Ltd (MFL-09-06-26-CP) | 10/03/2026 | 09/06/2026 | Cumulative: 09/06/2026 |
| Julius Baer Capital (India) Pvt Ltd (JBCP-9-6-26-CP) | 10/03/2026 | 09/06/2026 | Cumulative: 09/06/2026 |
| JSW Energy Ltd | 10/03/2026 | TBD | TBD |
Impact Assessment
Market Impact: Medium. The listing introduces short-term debt instruments from well-rated issuers (all carrying A1+ ratings) across NBFC, securities, and energy sectors. Aggregate quantity spans 18,500+ units (across confirmed issuers), representing significant short-term funding activity.
Issuer-wise Details:
| Issuer | Scrip Code | ISIN | Qty | Issue Price (Rs.) | Rate | Rating | IPA |
|---|---|---|---|---|---|---|---|
| Bajaj Financial Securities Ltd | 731293 | INE01C314EM2 | 500 | 4,93,627.50 | 7.60% p.a. | CRISIL A1+, IND A1+ | ICICI Bank Ltd |
| Nuvama Wealth and Investment Ltd | 731292 | INE523L14BF0 | 2,000 | 4,89,803.50 | 8.35% p.a. | CARE A1+, CRISIL A1+ | ICICI Bank Ltd |
| SBICAP Securities Ltd | 731294 | INE212K14DO0 | 7,000 | 4,90,750.00 | 7.72% p.a. | CRISIL A1+, ICRA A1+ | State Bank of India |
| Manappuram Finance Ltd | 731295 | INE522D14PH5 | 6,000 | 4,90,222.50 | 8.00% p.a. | CARE A1+, CRISIL A1+ | Axis Bank Ltd |
| Julius Baer Capital (India) Pvt Ltd | 731296 | INE824H14TW7 | 3,000 | 4,90,402.00 | 7.85% p.a. | CRISIL A1+, ICRA A1+ | HDFC Bank Ltd |
| JSW Energy Ltd | TBD | TBD | TBD | TBD | TBD | TBD | TBD |
Operational Impact: Low for existing trading members. No system changes required; standard debt segment trading protocols apply.
Impact Justification
Routine fresh listing of commercial papers on BSE Debt Segment. Relevant to debt market participants and trading members dealing in short-term instruments for the listed companies.