BSE Annual Listing Fee Revision for Privately Placed Debt Instruments

The Bombay Stock Exchange (BSE), one of India’s premier stock exchanges, has recently announced significant revisions in its Annual Listing Fees concerning Privately Placed Debt Instruments (PPDIs). This circular, dated October 26, 2023, addresses all listed entities and provides crucial insights into the new fee structure, which will come into effect on November 1, 2023.

1. Revised Fee Structure:

• The primary focus of this circular is the revision of Annual Listing Fees for Privately Placed Debt Instruments. The revised fee structure is applicable to both initial listing and existing Capital, with several key components:

1. • • Initial Listing Fees: A fixed fee of Rs. 20,000.
     • Processing Fees: Applicable only to Private Companies, these fees are set at Rs. 4,500 per ISIN. If the parent company is a public limited company or a listed entity, the fee reduces to Rs. 2,500 per ISIN.
     • Annual Listing Fees (Based on Issue Size Per ISIN):

1. • • • Up to Rs. 100 crores: Rs. 70,000
       • Above Rs. 100 crores and up to Rs. 200 crores: Rs. 90,000
       • Above Rs. 200 crores and up to Rs. 300 crores: Rs. 120,000
       • Above Rs. 300 crores and up to Rs. 400 crores: Rs. 150,000
       • Above Rs. 400 crores and up to Rs. 500 crores: Rs. 250,000
       • Above Rs. 500 Crores: Rs. 250,000 plus an additional listing fee of Rs. 1,000 for every increase of Rs. 1 crore or part thereof above the issue size of Rs. 500 crores, capped at a maximum of Rs. 10 lakhs.

• The Annual Listing Fee payable by an Issuer is limited to a maximum of Rs. 10 lakhs.

2. Effective Date: The revised fee structure becomes effective on November 1, 2023. It applies to any incremental debt securities to be listed on or after this date, as well as to the existing Capital.

3. Applicable Taxes: The fees mentioned in the circular are subject to applicable taxes. It’s essential for listed entities to consider the tax implications when calculating their obligations.

4. Conclusion: The Bombay Stock Exchange (BSE) has undertaken a significant revision in its Annual Listing Fees related to Privately Placed Debt Instruments (PPDIs). This move is designed to streamline and optimize the fee structure, making it more transparent and efficient for listed entities. The revised fees, set to take effect from November 1, 2023, accommodate various scenarios based on issue size, ensuring equitable treatment for issuers. These changes reflect the BSE’s commitment to maintaining a robust and responsive financial ecosystem for India’s capital markets. It’s imperative for listed entities to be aware of the new fee structure and its implications on their financial planning and compliance.

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Bombay Stock Exchange

Notice No. 20231026-31
Notice Date: 26 Oct 2023
Category: Circulars Listed Companies
Segment: Debt

The Company Secretary / Compliance Officer
All Listed Entities

Subject: Annual Listing Fees – Privately Placed Debt Instruments (PPDIs)

You are requested to note that the Exchange has revised its Annual Listing Fees to be paid by the listed entities for listing of its Privately Placed Debt Instruments (PPDIs) on the Exchange. The revision in Annual Listing Fees shall be effective from November 1, 2023.

The revised schedule of Annual Listing Fees for PPDIs is given below:

The revised fees shall be applicable on the incremental debt securities to be listed on and after November 01, 2023 and to the existing Capital.

Yours faithfully

Bhushan Mokashi
General Manager

Tushar Kamath
Dy. General Manager