Description

BSE announces the listing and admission to trading of debt securities worth Rs. 300 crore issued by Kotak Mahindra Prime Limited on private placement basis.

Summary

BSE has listed new debt securities issued by Kotak Mahindra Prime Limited on private placement basis with effect from October 6, 2025. The securities consist of 30,000 bonds with a face value of Rs. 1,00,000 each, totaling Rs. 300 crore, carrying a coupon rate of 7.299% per annum and maturing on September 22, 2028.

Key Points

  • Issuer: Kotak Mahindra Prime Limited
  • Quantity: 30,000 bonds
  • Face Value: Rs. 1,00,000 per bond
  • Issue Price: Rs. 1,00,557.3507 (at premium)
  • Total Issue Size: Rs. 300 crore approximately
  • Scrip Code: 977118
  • Scrip ID: 7299KMPL28
  • ISIN: INE916DA7TD8 (further listings under same ISIN)
  • Credit Rating: CRISIL AAA/STABLE, ICRA AAA/STABLE
  • Coupon Rate: 7.299% per annum
  • Interest Payment Frequency: Annually
  • Market Lot: 1 bond
  • Tick Size: 1 paise
  • Trading: Dematerialised form only

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must trade these securities only in dematerialised form under the specified ISIN
  • Trading members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for further details
  • Queries should be directed to BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Date of Allotment: October 3, 2025
  • Listing Date: October 6, 2025
  • Maturity/Redemption Date: September 22, 2028
  • Interest Payment: Annually

Impact Assessment

This is a routine debt securities listing with minimal market impact. The securities are rated AAA by both CRISIL and ICRA, indicating highest credit quality. The listing is limited to institutional investors via private placement and does not affect retail equity markets. No put or call options are attached to these securities.

Impact Justification

Routine listing of debt securities on private placement basis with no broader market implications