Steelco Gujarat Limited Lists ₹160 Crore Non-Convertible Debentures on BSE Debt Market
Steelco Gujarat Limited successfully listed 16,000 non-convertible debentures worth ₹160 crores on BSE's Wholesale Debt Market Segment on January 9, 2026. The debentures feature a face value of ₹1,00,000 each with a paid-up value of ₹140 crores and have been assigned scrip code 977444. These senior, rated, secured, redeemable, partly paid-up instruments comply with SEBI regulations and provide the company continued access to debt capital markets.
*this image is generated using AI for illustrative purposes only.
Steelco Gujarat Limited announced the successful listing of its non-convertible debentures on BSE's Wholesale Debt Market Segment on January 9, 2026. The company disclosed this development in compliance with SEBI regulations, marking a significant milestone in its debt capital market activities.
Debenture Details
The listing comprises 16,000 non-convertible debentures with specific characteristics that make them attractive debt instruments. Each debenture carries a face value of ₹1,00,000, creating a substantial aggregate offering for institutional investors.
| Parameter: | Details |
|---|---|
| Number of Debentures: | 16,000 units |
| Face Value per Debenture: | ₹1,00,000 |
| Total Face Value: | ₹160,00,00,000 |
| Paid-up Value: | ₹140,00,00,000 |
| Scrip Code: | 977444 |
| Market Segment: | BSE Wholesale Debt Market |
Debenture Characteristics
The debentures possess several key features that define their investment profile. These securities are structured as senior, rated, listed, secured, redeemable, and partly paid-up instruments, providing multiple layers of investor protection and clarity.
Key features include:
- Senior status providing priority in repayment hierarchy
- Rated securities offering independent credit assessment
- Secured instruments backed by company assets
- Redeemable structure with defined maturity terms
- Partly paid-up allowing phased payment structure
Regulatory Compliance
Steelco Gujarat Limited made this disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement also complies with Chapter V and Annexure 18 of SEBI's master circular dated November 11, 2024, and Regulation 19 of SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021.
BSE Limited issued Notice No. 20260109-24 dated January 9, 2026, formally confirming the listing and admission to trading on the BSE Wholesale Debt Market Segment. The debentures became effective for trading from the same date, providing immediate market access for investors.
Market Implications
The successful listing represents Steelco Gujarat Limited's continued access to debt capital markets for funding requirements. With a paid-up value of ₹140 crores against the total face value of ₹160 crores, the partly paid-up structure provides flexibility in capital deployment while maintaining investor commitment to the full subscription amount.
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