Description
BSE has listed Commercial Paper worth Rs. 250 crore issued by Kotak Mahindra Prime Limited on private placement basis, maturing on 15th October 2025.
Summary
BSE has listed Commercial Paper (CP) issued by Kotak Mahindra Prime Limited on private placement basis. The instrument comprises 5,000 units of Rs. 5 lakh each, totaling Rs. 250 crore. The CP is rated CRISIL A1+ and ICRA A1+, with allotment and listing effective from 8th October 2025 and maturity on 15th October 2025. The issuing and paying agent is Kotak Mahindra Bank Ltd.
Key Points
- Issuer: Kotak Mahindra Prime Limited
- Instrument Type: Commercial Paper (Private Placement)
- Total Issue Size: Rs. 250 crore (5,000 units × Rs. 5 lakh)
- Face Value: Rs. 5,00,000 per unit
- Issue Price: Rs. 4,99,396.50 per unit
- Scrip Code: 730357
- Scrip ID: KMPL071025
- Detail Name: KMPL-15-10-25-CP
- ISIN: INE916D145V1 (Further listing under same ISIN)
- Credit Rating: CRISIL A1+, ICRA A1+
- Market Lot: 1 unit
- Trading: Only in dematerialized form
- Tick Size: 1 paise
- Standard Denomination: Rs. 5 lakhs and multiples thereof
Regulatory Changes
No regulatory changes. This is a routine listing notification for new debt securities.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form under ISIN INE916D145V1
- Trading shall be conducted in standard denominations of Rs. 5 lakhs and multiples thereof
- The tick size for trading is 1 paise
- Trading members requiring clarifications may contact BSE debt department at 22728352/8597/8995/5753/8915
Important Dates
- Allotment Date: 8th October 2025
- Listing Date: 8th October 2025
- Redemption Date: 15th October 2025
- Tenure: 7 days
Impact Assessment
Market Impact: Minimal. This is a routine short-term commercial paper listing with a very short tenure of 7 days. Commercial papers are standard money market instruments used by financial institutions for short-term funding requirements.
Operational Impact: None for general market participants. Only relevant to debt market trading members and institutional investors dealing in commercial papers. The high credit ratings (CRISIL A1+, ICRA A1+) indicate minimal credit risk for investors.
Impact Justification
Routine commercial paper listing with 7-day tenure; minimal market impact as this is standard short-term funding activity by a financial institution.