APL Apollo Raises Rs 100 Crore Through Commercial Papers
By Ankur Chandra | Published at: Jul 8, 2025 04:19 PM IST
New Delhi, July 8, 2025 – To support its short-term working capital needs, APL Apollo Tubes Ltd. (NSE: APLAPOLLO, BSE: 533758) has successfully issued commercial papers (CPs) of ₹100 crore. The CPs have been issued today, July 8, 2025, and will mature on September 24, 2025, for a total duration of 78 days.
Key Terms of the Issuance
| Particulars | Details |
|---|---|
| Instrument | Commercial Paper |
| Total Amount | ₹100 crore |
| ISIN | INE702C14CQ4 |
| Allotment Date | July 8, 2025 |
| Maturity Date | September 24, 2025 |
| Tenure | 78 Days |
| Coupon Rate | 6.12% |
| Investor | Nippon Life India Trustee Ltd – Nippon India Liquid Fund |
| Credit Rating | [ICRA] A1+ |
| Listing | BSE Limited |
The funds were raised from Nippon Life India Trustee Ltd, acting through the Nippon India Liquid Fund, indicating continued institutional trust in the company’s credit profile.
The papers are rated [ICRA] A1+, signifying a very strong degree of safety regarding timely payment, and will be listed on BSE Limited for secondary trading.
About the Company
APL Apollo Tubes Ltd, part of the Sudesh Group, is India’s leading structural steel tubes manufacturer. The company is listed on both NSE and BSE, and has a diverse product portfolio serving infrastructure, construction, automotive, and industrial segments. APL Apollo operates strategically located manufacturing units across India and maintains a robust pan-India distribution network.
This capital market move aligns with the company’s prudent treasury operations, optimising short-term liquidity while maintaining its AAA-equivalent short-term credit rating.
REF:https://nsearchives.nseindia.com/corporate/APLAPOLLO_08072025132159_SEIntimation.pdf
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