Description
BSE lists new Commercial Paper issued by Manappuram Finance Limited worth Rs. 200 crore on private placement basis.
Summary
BSE has listed new Commercial Paper issued by Manappuram Finance Limited on private placement basis. The instrument consists of 4,000 units of Rs. 5 lakh each, totaling Rs. 200 crore, with redemption period of approximately one year.
Key Points
- Commercial Paper of Rs. 5,00,000/- face value each
- Total quantity: 4,000 units (Rs. 200 crore)
- Issue price: Rs. 464,644.50 per unit
- Credit rating: CARE A1+, CRISIL A1+
- Scrip Code: 730043, ISIN: INE522D14OP1
- 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 in standard denomination of Rs. 5 lakhs and multiples thereof
- Axis Bank Limited acts as Issuing and Paying agent
Important Dates
- Allotment date: August 18, 2025
- Trading commencement: August 19, 2025
- Redemption date: August 17, 2026
Impact Assessment
Minimal market impact as this is a routine debt instrument listing. Provides additional short-term funding avenue for Manappuram Finance Limited and investment option for institutional investors in highly-rated commercial paper.
Impact Justification
Routine debt instrument listing with standard terms and conditions