Mumbai: Balrampur Chini Mills Ltd. has announced the listing of its newly issued Commercial Paper (CP) on the BSE Debt Segment. Issued through private placement, the listing takes effect from April 30, 2025.
Issue Details and Trading Parameters
The Commercial Paper, bearing ISIN INE119A14799, is issued in denominations of Rs.5,00,000 each, with a total of 2,000 units, aggregating Rs.100 crore. It carries the Scrip ID BCML30425 and will trade in standard lots of Rs.5 lakh. The tick size for the instrument is 1 paise, and trading is allowed only in dematerialised form.
Credit Ratings and Financial Terms
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The CP has secured strong short-term credit ratings of CRISIL A1+ and IND A1+, reflecting high creditworthiness. It was allotted at a discounted issue price of Rs.491,749 per unit. The maturity date is July 30, 2025, offering investors a tenure of 91 days. HDFC Bank Ltd. serves as the Issuing and Paying Agent.
Investor Considerations
With favorable credit ratings and short-term maturity, the instrument appeals to institutional and high-net-worth investors seeking fixed-income opportunities in the debt market.
