Description

NSE notifies the listing of various privately placed commercial papers and debt securities including issues from Godrej & Boyce, SIDBI, Axis Securities, Angel One, Kisetsu Saison Finance, and Aditya Birla Housing Finance on the debt market segment.

Summary

NSE has admitted various privately placed securities to dealings on its Debt Market Segment with effect from October 15, 2025. The circular notifies the listing of commercial papers (both fresh issues and re-issues) and other debt securities from multiple issuers including Godrej & Boyce Manufacturing Co Ltd, Small Industries Development Bank of India (SIDBI), Axis Securities Limited, Angel One Limited, Kisetsu Saison Finance (India) Private Limited, and Aditya Birla Housing Finance Limited.

Key Points

  • Four fresh commercial paper issues listed with tenures ranging from 3 to 6 months
  • One commercial paper re-issue from Axis Securities Limited
  • Two debt securities (debentures) listed with longer tenures (2028 and 2036)
  • All securities assigned designated ISIN codes for trading
  • Total fresh CP issuance: 35,200 securities worth approximately ₹1,760 crore face value
  • Re-issued CP: 300 securities worth ₹15 crore face value
  • Debentures issued: 38,000 securities worth ₹380 crore face value

Fresh Commercial Paper Issues

Godrej & Boyce Mfg Co Ltd (GBMCL)

  • ISIN: INE982D14BI9
  • Quantity: 14,000 securities
  • Face Value: ₹5,00,000
  • Issue Price: ₹4,92,734.50
  • Allotment Date: October 15, 2025
  • Redemption Date: January 13, 2026

Small Industries Development Bank of India (SIDBI)

  • ISIN: INE556F14LM7
  • Series: Sr 12
  • Quantity: 20,000 securities
  • Face Value: ₹5,00,000
  • Issue Price: ₹4,92,691.50
  • Allotment Date: October 14, 2025
  • Redemption Date: January 13, 2026

Axis Securities Limited (ASL)

  • ISIN: INE110O14GS2
  • Series: Sr 42
  • Quantity: 1,000 securities
  • Face Value: ₹5,00,000
  • Issue Price: ₹4,83,661.50
  • Allotment Date: October 15, 2025
  • Redemption Date: April 13, 2026

Angel One Limited (AOL)

  • ISIN: INE732I14CF1
  • Series: Sr 51
  • Quantity: 200 securities
  • Face Value: ₹5,00,000
  • Issue Price: ₹4,81,975.50
  • Allotment Date: October 15, 2025
  • Redemption Date: April 15, 2026

Re-issued Commercial Paper

Axis Securities Limited (ASL)

  • ISIN: INE110O14GQ6
  • Series: Sr 41
  • Quantity: 300 securities
  • Face Value: ₹5,00,000
  • Issue Price: ₹4,87,944.50
  • Allotment Date: October 15, 2025
  • Redemption Date: February 27, 2026

Other Debt Securities (Debentures)

Kisetsu Saison Finance (India) Private Limited (KSFP)

  • ISIN: INE0DZE08034 (temporary)
  • Series: Sr SD2
  • Quantity: 5,000 securities
  • Face Value: ₹1,00,000
  • Issue Price: ₹1,00,765.62
  • Allotment Date: October 14, 2025
  • Redemption Date: January 21, 2036
  • Coupon Rate: 8.14%
  • Call/Put Option: NA

Aditya Birla Housing Finance Limited (ABHFL)

  • ISIN: INE831R07565 (temporary)
  • Series: Sr L1
  • Quantity: 33,000 securities
  • Face Value: ₹1,00,000
  • Issue Price: ₹1,03,116.66
  • Allotment Date: October 14, 2025
  • Redemption Date: August 11, 2028
  • Coupon Rate: 7.9015%
  • Call/Put Option: NA

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification pursuant to Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.

Compliance Requirements

  • Market participants can trade these securities on the Debt Market Segment using the designated ISIN codes
  • Debentures allotted in dematerialized mode have been credited under temporary ISINs as per SEBI circular SEBI/HO/DDHS/CIR/P/2020/198 dated October 05, 2022
  • Issuers must comply with ongoing disclosure and listing obligations for privately placed debt securities

Important Dates

  • Effective Date: October 15, 2025 (listing commencement)
  • Allotment Dates: October 14-15, 2025
  • CP Redemption Dates: January 13, 2026 to April 15, 2026
  • Debenture Redemption Dates: August 11, 2028 and January 21, 2036

Impact Assessment

This is a routine administrative circular with minimal market impact. The listing provides:

  • Liquidity: Enhanced secondary market liquidity for these privately placed debt instruments
  • Price Discovery: Transparent pricing mechanism on the exchange platform
  • Investor Access: Institutional investors can trade these securities on the debt market segment
  • Market Depth: Adds to the breadth of debt instruments available for trading

The circular is informational in nature and primarily relevant to debt market participants, institutional investors, and the issuing companies. No impact on equity markets or general trading operations.

Impact Justification

Routine listing notification for privately placed debt securities with no direct impact on equity markets or trading operations. Informational circular for debt market participants.