Description
BSE lists new commercial paper issues by Kotak Mahindra Prime Limited worth Rs. 25 crores and Rs. 15 crores with maturity periods of 7 and 13 days respectively.
Summary
BSE has listed new commercial paper securities issued by Kotak Mahindra Prime Limited on private placement basis. Two separate issues have been listed: Rs. 25 crores maturing on August 8, 2025 and Rs. 15 crores maturing on August 14, 2025. Both securities carry CRISIL A1+ and ICRA A1+ credit ratings.
Key Points
- First issue: Rs. 10 crores (2000 units of Rs. 5 lakhs each) with scrip code 729350, maturing August 8, 2025
- Second issue: Rs. 15 crores (3000 units of Rs. 5 lakhs each) with scrip code 729954, maturing August 14, 2025
- Both issues rated CRISIL A1+ and ICRA A1+
- Kotak Mahindra Bank Limited acts as Issuing and Paying Agent
- Trading only in dematerialized form
- Standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size of 1 paise
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Trading must be in standard denomination of Rs. 5 lakhs and multiples
- Securities to be traded under specified ISIN numbers (INE916D145E7 and INE916D145M0)
Important Dates
- Allotment Date: August 1, 2025
- First Issue Redemption: August 8, 2025
- Second Issue Redemption: August 14, 2025
- Trading Effective: August 1, 2025
Impact Assessment
Minimal market impact as this is a routine commercial paper listing for short-term funding needs. The short maturity periods (7 and 13 days) indicate working capital requirements rather than significant business expansion or restructuring.
Impact Justification
Routine commercial paper listing with short maturity periods, minimal market impact