Description
BSE announces listing of Rs. 200 crore Commercial Paper by Manappuram Finance Limited with CARE A1+ and CRISIL A1+ ratings.
Summary
BSE has listed new Commercial Paper worth Rs. 200 crore issued by Manappuram Finance Limited on private placement basis. The securities are rated CARE A1+ and CRISIL A1+ and will trade in dematerialized form from August 28, 2025.
Key Points
- Commercial Paper of Rs. 5,00,000 face value each (4000 units totaling Rs. 200 crore)
- Issue price: Rs. 4,91,695 per unit
- Scrip Code: 730111, ISIN: INE522D14OR7
- Credit ratings: CARE A1+ and CRISIL A1+
- Trading in standard denomination of Rs. 5 lakhs and multiples
- Tick size: 1 paise
Regulatory Changes
No regulatory changes introduced.
Compliance Requirements
- Securities must be traded only in dematerialized form
- Trading restricted to standard denomination of Rs. 5 lakhs and multiples thereof
- AXIS BANK LIMITED acts as Issuing and Paying agent
Important Dates
- Allotment Date: August 26, 2025
- Trading Start Date: August 28, 2025
- Redemption Date: November 24, 2025
Impact Assessment
Routine debt market listing with minimal market impact. Provides short-term funding avenue for Manappuram Finance Limited with 90-day maturity period. Standard commercial paper issuance with established credit ratings indicating low risk profile.
Impact Justification
Routine commercial paper listing with standard terms and limited market impact