Description
NSE announces listing of commercial paper securities from multiple issuers including L&T Finance, Raymond Lifestyle, ICICI Securities, and others on the debt market segment effective October 20, 2025.
Summary
NSE has notified the listing of privately placed commercial paper securities on its debt market segment with effect from October 20, 2025. The circular lists 10 commercial paper issues from various companies including L&T Finance Limited, Raymond Lifestyle Limited, ICICI Securities Limited, Tata Projects Limited, JM Financial Services Limited, Deutsche Investments India Private Limited, Godrej Properties Limited (2 issues), Alembic Pharmaceuticals Limited, and HDFC Securities Limited.
Key Points
- Total of 10 commercial paper securities admitted to dealings on NSE’s Debt Market Segment
- All securities were allotted on October 17, 2025
- Effective listing date: October 20, 2025
- Issuance under Regulation 3.1.1 of NSE Debt Market (Trading) Regulations
- Face value of all listed commercial papers: Rs 5,00,000 per security
- Maturity periods range from approximately 84 days to 236 days
Securities Details
L&T Finance Limited
- Security: LTFL CP 29/01/26
- ISIN: INE498L14EY0
- Quantity: 5,000 securities
- Issue Price: Rs 4,90,922
- Redemption: January 29, 2026
Raymond Lifestyle Limited
- Security: RLL CP 15/01/26
- ISIN: INE02ID14049
- Quantity: 2,500 securities
- Issue Price: Rs 4,91,814.32
- Redemption: January 15, 2026
ICICI Securities Limited
- Security: ISEC CP 15/04/26
- ISIN: INE763G14B88
- Quantity: 500 securities
- Issue Price: Rs 4,83,661.50
- Redemption: April 15, 2026
Tata Projects Limited
- Security: TPL CP 15/01/26 Sr 196
- ISIN: INE725H14DI9
- Quantity: 4,000 securities
- Issue Price: Rs 4,92,411.50
- Redemption: January 15, 2026
JM Financial Services Limited
- Security: JFSL CP 16/01/26 Sr 25
- ISIN: INE012I14SB3
- Quantity: 500 securities
- Issue Price: Rs 4,91,243
- Redemption: January 16, 2026
Deutsche Investments India Private Limited
- Security: DIIPL CP 10/06/26 Sr 368
- ISIN: INE144H14HY1
- Quantity: 4,500 securities
- Issue Price: Rs 4,78,202
- Redemption: June 10, 2026
Godrej Properties Limited (Issue 1)
- Security: GPL CP 13/01/26 Sr 77
- ISIN: INE484J14ZA9
- Quantity: 2,000 securities
- Issue Price: Rs 4,92,694.50
- Redemption: January 13, 2026
Godrej Properties Limited (Issue 2)
- Security: GPL CP 16/01/26 Sr 78
- ISIN: INE484J14ZB7
- Quantity: 1,500 securities
- Issue Price: Rs 4,92,449.50
- Redemption: January 16, 2026
Alembic Pharmaceuticals Limited
- Security: APL CP 13/01/26
- ISIN: INE901L14BY9
- Quantity: 2,000 securities
- Issue Price: Rs 4,92,811.50
- Redemption: January 13, 2026
HDFC Securities Limited
- Security: HSL CP 09/01/26
- ISIN: INE700G14QO4
- Quantity: 2,000 securities
- Issue Price: Rs 4,92,430
- Redemption: January 9, 2026
Regulatory Changes
No regulatory changes introduced. This is a routine listing notification under existing NSE Debt Market (Trading) Regulations.
Compliance Requirements
No new compliance requirements imposed on market participants. This is an informational circular regarding admission of securities to trading on the debt market segment.
Important Dates
- Allotment Date: October 17, 2025 (all securities)
- Listing/Trading Effective Date: October 20, 2025
- Redemption Dates: Range from January 9, 2026 to June 10, 2026 (varies by security)
Impact Assessment
This is a routine administrative notification with minimal market impact. The listing of commercial paper securities on the debt market segment provides additional short-term debt instruments for institutional investors and enhances funding options for the issuing companies. No impact on equity markets or retail investors. The circular is purely informational for market participants aware of debt market operations.
Impact Justification
Routine administrative listing notification for commercial paper securities. Does not affect equity trading or impose new compliance requirements on market participants.