Description

BSE lists new commercial paper worth Rs. 200 crores issued by Kotak Mahindra Prime Limited on private placement basis.

Summary

BSE has admitted new Commercial Paper issued by Kotak Mahindra Prime Limited worth Rs. 200 crores (4000 units of Rs. 5 lakhs each) to trading on the BSE Debt segment effective July 31, 2025. The paper carries CRISIL A1+ and ICRA A1+ ratings with a 7-day tenure.

Key Points

  • Securities: Commercial Paper of Rs. 5,00,000/- each
  • Quantity: 4000 units (Total value: Rs. 200 crores)
  • Scrip Code: 727700, Scrip ID: KMPL23824
  • ISIN: INE916D143S2 (further listing under same ISIN)
  • Credit Rating: CRISIL A1+, ICRA A1+
  • Issue Price: Rs. 499,420.50 per unit
  • Trading in dematerialized form only
  • Standard denomination: Rs. 5 lakhs and multiples
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes introduced.

Compliance Requirements

  • Trading members must trade securities only in dematerialized form
  • Trading restricted to standard denomination of Rs. 5 lakhs and multiples thereof
  • Issuing and Paying agent: Kotak Mahindra Bank Limited

Important Dates

  • Allotment Date: July 31, 2025
  • Listing Date: July 31, 2025
  • Redemption Date: August 7, 2025
  • Tenure: 7 days

Impact Assessment

Minimal market impact as this is a routine short-term commercial paper listing. The 7-day tenure indicates temporary funding requirements. High credit ratings (A1+) reflect strong creditworthiness of the issuer.

Impact Justification

Routine commercial paper listing with short 7-day tenure, minimal market impact