Description
BSE lists new commercial paper worth Rs. 35 crores issued by Manappuram Finance Limited on private placement basis.
Summary
BSE has listed new commercial paper issued by Manappuram Finance Limited worth Rs. 35 crores (7,000 units of Rs. 5 lakh each) on private placement basis. The commercial paper carries CARE A1+ and CRISIL A1+ credit ratings and will mature on November 18, 2025.
Key Points
- Commercial paper of Rs. 5,00,000 face value each
- Total quantity: 7,000 units (Rs. 35 crores)
- Issue price: Rs. 4,91,576 per unit
- Credit ratings: CARE A1+ and CRISIL A1+
- Scrip code: 730051, ISIN: INE522D14OQ9
- Trading in dematerialized form only
- Standard denomination: Rs. 5 lakhs and multiples
- Tick size: 1 paise
Regulatory Changes
No regulatory changes announced.
Compliance Requirements
- Trading members must trade securities only in dematerialized form
- Trading in standard denomination of Rs. 5 lakhs and multiples thereof
- AXIS BANK LTD acts as issuing and paying agent
Important Dates
- Allotment date: August 20, 2025
- Redemption date: November 18, 2025
- Trading commencement: August 20, 2025
Impact Assessment
Minimal market impact as this is a routine commercial paper listing. The instrument provides short-term funding option for Manappuram Finance Limited and investment opportunity for institutional investors in the debt segment.
Impact Justification
Routine commercial paper listing with no significant market impact