Description

BSE announces listing of 2,596 secured debt securities (ISIN: INE321N07566) issued by InCred Financial Services Limited on private placement basis, with face value of Rs. 1,00,000 each, maturing on November 30, 2027.

Summary

BSE has listed and admitted new debt securities issued by InCred Financial Services Limited (IFSL) on a private placement basis for trading on the BSE Debt segment effective October 6, 2025. The securities are gold-linked debt instruments with a maturity period of approximately 2 years.

Key Points

  • Quantity Listed: 2,596 securities
  • Scrip Code: 977188
  • Scrip ID: IFSL300925
  • ISIN: INE321N07566
  • Face Value: Rs. 1,00,000 per security
  • Issue Price: Rs. 1,00,000 per security
  • Market Lot: 1 unit
  • Credit Rating: CRISIL PP-MLD AA-/Stable
  • Security Name: IFSL-Near month Future of Gold-30-11-27-PVT
  • Trading Mode: Dematerialised form only
  • Tick Size: 1 paise

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification.

Compliance Requirements

  • Trading members must trade these securities only in dematerialised form under ISIN INE321N07566
  • Trading members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for complete details
  • For clarifications, trading members should contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Allotment Date: September 30, 2025
  • Listing Date: October 6, 2025
  • Redemption Date: November 30, 2027
  • Notice Date: October 6, 2025

Impact Assessment

Market Impact: Low - This is a private placement of debt securities with limited quantity (2,596 units) targeted at institutional investors. The listing does not affect equity markets or retail investors.

Operational Impact: Minimal - Routine addition to BSE Debt segment with standard trading parameters. Trading members dealing in debt securities should note the new scrip code and ISIN for their systems.

Issuer Profile: InCred Financial Services Limited has received a strong credit rating of CRISIL AA-/Stable, indicating high degree of safety regarding timely servicing of financial obligations.

Security Structure: Gold-linked debt instrument providing exposure to gold price movements with fixed maturity, suitable for institutional portfolios seeking commodity-linked fixed income exposure.

Impact Justification

Routine debt securities listing notification for institutional investors with limited broader market impact