APL Apollo Tubes Enhances Liquidity Strategy with ₹100 Crore Commercial Paper Issuance at 6.12%
By Ankur Chandra | Published at: Jul 9, 2025 03:56 PM IST
Mumbai, 9 July 2025: In a strategic move to optimise its short-term funding and improve financial agility, APL Apollo Tubes Ltd (NSE: APLAPOLLO, BSE: 533758) has announced the successful issuance of Commercial Papers (CPs) worth ₹100 crore. This initiative reflects the company’s continued focus on efficient capital management while reinforcing investor confidence in its credit profile.
Strengthening Liquidity Through Short-Term Market Instruments
APL Apollo’s issuance of CPs underscores its proactive approach to diversifying short-term borrowing sources. The ₹100 crore CPs carry a coupon rate of 6.12% and will mature in 79 days, on 26 September 2025. The papers have been allotted today, 9 July 2025, and will be listed on BSE to ensure transparency and market participation.
High Credit Rating Reflects Strong Financial Standing
The commercial papers issued have been assigned a credit rating of [ICRA] A1+, denoting the highest level of safety in terms of timely payment obligations. This rating serves as a testament to APL Apollo’s strong financial discipline and robust credit profile. The CPs have been subscribed by Nippon Life India Trustee Ltd – Nippon India Liquid Fund, highlighting institutional investor confidence.
BSE Listing Ensures Transparency and Market Accessibility
The company has confirmed that the CPs will be listed on BSE Limited, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This step ensures greater transparency and provides access to a broader pool of investors through the secondary market.
APL Apollo’s Market Leadership Drives Strategic Financial Moves
As India’s leading manufacturer of structural steel tubes, APL Apollo Tubes Ltd has consistently delivered value across infrastructure, automotive, housing, and industrial sectors. The company’s expansive distribution network, focus on product innovation, and market leadership in the steel tubes segment allow it to execute funding strategies like this CP issuance effectively.
Key Issuance Details
| Parameter | Details |
|---|---|
| Security Type | Commercial Paper |
| Total Issue Size | ₹100 crore |
| ISIN | INE702C14CR2 |
| Allotment Date | July 9, 2025 |
| Maturity Date | September 26, 2025 |
| Tenure | 79 days |
| Coupon Rate | 6.12% |
| Credit Rating | [ICRA] A1+ |
| Issued to | Nippon Life India Trustee Ltd – Nippon India Liquid Fund |
| Listing Platform | BSE Limited |
With this issuance, APL Apollo reaffirms its position as a forward-looking enterprise with disciplined financial management and strategic intent, capable of leveraging market instruments to support its growth trajectory.
REF:https://nsearchives.nseindia.com/corporate/APLAPOLLO_09072025131117_SEIntimation.pdf
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