Description

BSE announces listing of new market-linked debt securities (NIFTY 50 INDEX linked) issued by InCred Financial Services Limited on private placement basis, effective October 13, 2025.

Summary

BSE has listed new debt securities issued by InCred Financial Services Limited on private placement basis, effective October 13, 2025. The securities are market-linked debentures tied to NIFTY 50 INDEX with a face value of Rs. 1,00,000 per unit, maturing on December 8, 2027. The securities carry a CRISIL PP-MLD AA-/Stable rating and will trade in dematerialized form only on the BSE Debt segment.

Key Points

  • New debt security listed: IFSL-NIFTY 50 INDEX-08-12-27-PVT (Scrip Code: 977202)
  • ISIN: INE321N07574
  • Total quantity: 2,500 units with market lot size of 1
  • Face value and issue price: Rs. 1,00,000 per unit
  • Date of allotment: October 8, 2025
  • Credit rating: CRISIL PP-MLD AA-/Stable
  • Interest type: Market-linked (cumulative)
  • Redemption date: December 8, 2027
  • No put/call options available
  • Tick size: 1 paise
  • Trading only in dematerialized form

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for privately placed debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE321N07574
  • Trading members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for complete details
  • Trading members requiring clarification should contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Allotment Date: October 8, 2025
  • Listing Date: October 13, 2025
  • Interest Payment Date: December 8, 2027 (cumulative)
  • Redemption Date: December 8, 2027

Impact Assessment

Market Impact: Minimal. This is a private placement of debt securities with a total issue size of Rs. 25 crore (2,500 units × Rs. 1,00,000), representing a routine listing on the debt segment.

Issuer Impact: Provides InCred Financial Services Limited with additional debt capital through market-linked instruments tied to NIFTY 50 performance.

Investor Impact: Limited to institutional and qualified investors participating in the private placement. The market-linked structure provides returns tied to NIFTY 50 INDEX performance with AA- credit rating security.

Operational Impact: Standard operational requirements for debt segment trading members. No special trading restrictions or surveillance measures indicated.

Impact Justification

Routine listing of private placement debt securities with limited market-wide impact, relevant primarily to debt segment participants and the issuing company