Description

NSE announces listing of various commercial papers from multiple companies including ICICI Securities, Godrej Industries, Piramal Finance, and others on the debt market segment effective October 31, 2025.

Summary

NSE notifies the listing of privately placed commercial papers on its debt market segment effective October 31, 2025. The circular covers fresh issues from 8 companies and re-issues from 2 companies. All securities have been admitted to dealings on the Debt Market Segment under Regulation 3.1.1 of NSE Debt Market (Trading) Regulations.

Key Points

  • Total of 8 fresh commercial paper issues listed
  • 2 commercial paper re-issues listed
  • Effective date: October 31, 2025
  • All securities have designated ISIN codes assigned
  • Face value for all listed CPs is Rs. 5,00,000
  • Maturity periods range from 32 days (Nirma) to 365 days (Piramal Finance)

Fresh Issues Details

ICICI Securities Limited

  • Security: ISL CP 09/01/26
  • ISIN: INE763G14C20
  • Quantity: 4,000 units
  • Issue Price: Rs. 4,93,643
  • Allotment: October 30, 2025
  • Redemption: January 9, 2026

Godrej Industries Limited

  • Security: GIL CP 29/01/26 Sr 107
  • ISIN: INE233A144Y7
  • Quantity: 1,500 units
  • Issue Price: Rs. 4,92,425
  • Allotment: October 30, 2025
  • Redemption: January 29, 2026

Piramal Finance Limited

  • Security: PFL CP 30/10/26
  • ISIN: INE202B14PO4
  • Quantity: 6,000 units
  • Issue Price: Rs. 4,63,908
  • Allotment: October 30, 2025
  • Redemption: October 30, 2026 (1-year tenor)

TATA PROJECTS LIMITED

  • Security: TPL CP 28/01/26 Sr 197
  • ISIN: INE725H14DJ7
  • Quantity: 4,000 units
  • Issue Price: Rs. 4,92,363.5
  • Allotment: October 30, 2025
  • Redemption: January 28, 2026

Godrej Agrovet Limited

  • Security: GAL CP 23/01/26 Sr 42
  • ISIN: INE850D14VA3
  • Quantity: 1,000 units
  • Issue Price: Rs. 4,92,895
  • Allotment: October 30, 2025
  • Redemption: January 23, 2026

Astec LifeSciences Limited

  • Security: ALSL CP 29/04/26 Sr 186
  • ISIN: INE563J14DE9
  • Quantity: 500 units
  • Issue Price: Rs. 4,83,458
  • Allotment: October 30, 2025
  • Redemption: April 29, 2026

Nirma Limited

  • Security: NL CP 01/12/25 Sr 08
  • ISIN: INE091A14ER0
  • Quantity: 1,300 units
  • Issue Price: Rs. 4,97,405.5
  • Allotment: October 30, 2025
  • Redemption: December 1, 2025 (shortest tenure)

SMFG India Home Finance Company Limited

  • Security: SIHFCL CP 27/01/26 Sr 3
  • ISIN: INE213W14182
  • Quantity: 3,000 units
  • Issue Price: Rs. 4,92,601
  • Allotment: October 31, 2025
  • Redemption: January 27, 2026

Re-Issues Details

Aditya Birla Capital Limited

  • Security: ABCL CP 27/02/26 Sr 82-83
  • ISIN: INE674K14AX8
  • Quantity: 4,600 units
  • Issue Price: Rs. 4,89,302.5
  • Allotment: October 30, 2025
  • Redemption: February 27, 2026

Barclays Investments & Loans (India) Private Limited

  • Security: BILIPL CP 12/06/26 Sr 549
  • ISIN: INE704I14KS6
  • Quantity: 2,000 units
  • Issue Price: Rs. 479,03 (appears to be Rs. 4,79,030 based on standard CP pricing)
  • Allotment: October 30, 2025
  • Redemption: June 12, 2026

Regulatory Changes

No regulatory changes announced. This is a routine notification under existing Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.

Compliance Requirements

No new compliance requirements. Standard debt market trading regulations apply to listed commercial papers.

Important Dates

  • Listing Effective Date: October 31, 2025
  • Allotment Dates: October 30-31, 2025
  • Redemption Dates: Range from December 1, 2025 to October 30, 2026
  • Earliest Redemption: Nirma Limited - December 1, 2025
  • Latest Redemption: Piramal Finance Limited - October 30, 2026

Impact Assessment

Market Impact: Low - This is a routine listing announcement for debt instruments in the private placement category. Commercial papers are short-term debt instruments used for working capital requirements.

Liquidity: The listing provides secondary market trading opportunities for institutional investors holding these commercial papers.

Issuer Impact: Enables price discovery and potential liquidity for existing holders of these privately placed securities.

Investor Impact: Institutional investors gain access to additional debt instruments with varying maturity profiles and credit profiles across different sectors including financial services, industrial, agrochemical, and FMCG.

Impact Justification

Routine administrative circular announcing listing of commercial papers. No regulatory changes or compliance requirements. Standard debt market operations with no broader market impact.