Description

BSE announces listing of 500 Commercial Papers worth Rs. 5 lakh each issued by Mirae Asset Sharekhan Financial Services Limited on private placement basis, with redemption on December 19, 2025.

Summary

BSE has listed new Commercial Paper securities issued by Mirae Asset Sharekhan Financial Services Limited on private placement basis effective October 6, 2025. The listing comprises 500 Commercial Papers with face value of Rs. 5,00,000 each, issued at Rs. 493,151.50 and maturing on December 19, 2025. The securities carry a CRISIL A1+ credit rating and will trade in dematerialized form only.

Key Points

  • Quantity: 500 Commercial Papers of Rs. 5 lakh each
  • Scrip Code: 730349, Scrip ID: MASFS61025
  • ISIN: INE550X14AJ2
  • Issue Price: Rs. 493,151.50 per unit (discount to face value)
  • Credit Rating: CRISIL A1+ (highest short-term rating)
  • Market Lot: 1 unit
  • Trading denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise
  • Issuing and Paying Agent: HDFC Bank Limited
  • Trading exclusively in dematerialized form

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE550X14AJ2
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Members should use tick size of 1 paise for trading these securities
  • For clarifications, members may contact BSE debt department on specified phone numbers (22728352/8597/8995/5753/8915)

Important Dates

  • Allotment Date: October 6, 2025
  • Listing Date: October 6, 2025
  • Redemption Date: December 19, 2025
  • Tenure: 74 days (approximately 2.5 months)

Impact Assessment

Market Impact: Minimal. This is a routine listing of short-term debt instruments on the BSE Debt segment. The Commercial Papers provide short-term funding for Mirae Asset Sharekhan Financial Services Limited.

Investor Impact: Limited to institutional investors and high net worth individuals participating in debt markets, as the minimum trading lot of Rs. 5 lakhs restricts retail participation.

Operational Impact: Trading members dealing in debt securities need to be aware of the new scrip code and trading parameters. The CRISIL A1+ rating indicates low credit risk for investors.

Impact Justification

Routine listing of short-term commercial paper on private placement basis affecting only debt market participants trading these instruments