APL Apollo Tubes Limited has announced the issuance of Commercial Paper (CP) totaling ₹100 crore on July 14, 2025, with a maturity date of September 29, 2025. The CPs, bearing an interest rate of 6.07%, have a tenure of 77 days and are rated [ICRA] A1+.
| Particulars | Details |
|---|---|
| Total Amount | ₹100 Crore |
| ISIN | INE702C14CS0 |
| Allotment Date | July 14, 2025 |
| Maturity Date | September 29, 2025 |
| Rate | 6.07% |
| Tenure | 77 Days |
| Issued in favor of | Kotak Mahindra Bank Ltd. |
| Credit Ratings | [ICRA] A1+ |
The Commercial Paper is set to be listed on BSE Limited. This issuance is in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
APL Apollo Tubes Limited, a company incorporated in 1986, is a manufacturer of steel pipes with multiple units across India. The company's registered office is located in Delhi, and its corporate office is in Noida, Uttar Pradesh.
The issuance of commercial paper is a short-term funding strategy employed by APL Apollo Tubes to meet its working capital requirements. The CPs, with a high credit rating of [ICRA] A1+, indicate a low risk of default, reflecting the company's strong financial standing.
