Description
BSE announces listing of two series of Commercial Papers issued by Kotak Mahindra Prime Limited totaling Rs. 80 crore, with maturity dates of 15th and 17th October 2025.
Summary
BSE has listed two series of Commercial Papers issued by Kotak Mahindra Prime Limited on private placement basis, effective October 7, 2025. The first series (KMPL71025) consists of 7,000 units worth Rs. 35 crore maturing on October 17, 2025. The second series (KMPL071025) consists of 9,000 units worth Rs. 45 crore maturing on October 15, 2025. Both instruments carry CRISIL A1+ and ICRA A1+ credit ratings.
Key Points
- Two Commercial Paper series listed on BSE Debt segment
- Series 1: 7,000 units of Rs. 5 lakh each (ISIN: INE916D145W9), maturing October 17, 2025
- Series 2: 9,000 units of Rs. 5 lakh each (ISIN: INE916D145V1), maturing October 15, 2025
- Total issue size: Rs. 80 crore (Rs. 35 crore + Rs. 45 crore)
- Credit Rating: CRISIL A1+, ICRA A1+ for both series
- Issuing and Paying Agent: Kotak Mahindra Bank Ltd
- Trading only in dematerialized form
- Standard denomination: Rs. 5 lakhs and multiples thereof
- Tick size: 1 paise
- Market lot size: 1 unit
Regulatory Changes
No regulatory changes introduced. This is a standard listing notification for debt securities.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
- Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
- Market participants must use the specified scrip codes: 730356 (KMPL71025) and 730357 (KMPL071025)
Important Dates
- Allotment Date: October 7, 2025 (both series)
- Listing Date: October 7, 2025 (both series)
- Redemption Date (Series 2): October 15, 2025
- Redemption Date (Series 1): October 17, 2025
Impact Assessment
Minimal market impact. This is a routine short-term debt instrument listing with very short maturity periods (8-10 days). The Commercial Papers are rated A1+ by both CRISIL and ICRA, indicating highest safety for short-term instruments. The listing provides additional short-term funding options in the debt market for institutional investors. No impact on equity markets or broader trading operations.
Impact Justification
Routine commercial paper listing of short-term debt instruments with maturity within 8-10 days; no material market impact.