Description

BSE announces listing of market-linked debentures (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 a private placement basis, effective October 13, 2025. The securities are market-linked debentures tied to the NIFTY 50 INDEX with a face value of Rs. 1,00,000 per unit, maturing on December 8, 2027. A total quantity of 2,500 units have been listed with scrip code 977202 and will trade exclusively in dematerialized form.

Key Points

  • Security Type: Market-Linked Debentures (NIFTY 50 INDEX linked)
  • Issuer: InCred Financial Services Limited
  • Scrip Code: 977202
  • Scrip ID: IFSL81025
  • ISIN: INE321N07574
  • Face Value: Rs. 1,00,000 per unit
  • Issue Size: 2,500 units
  • Market Lot: 1 unit
  • Credit Rating: CRISIL PP-MLD AA-/Stable
  • Date of Allotment: October 8, 2025
  • Maturity Date: December 8, 2027
  • Interest Type: Cumulative (market-linked)
  • Trading: Dematerialized form only
  • Tick Size: 1 paise
  • Put/Call Option: Not Available

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE321N07574
  • 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 may contact the BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • October 8, 2025: Date of Allotment
  • October 13, 2025: Listing and commencement of trading on BSE Debt segment
  • December 8, 2027: Interest Payment Date (Cumulative)
  • December 8, 2027: Redemption Date

Impact Assessment

Market Impact: Low - This is a private placement of debt securities with limited quantity (2,500 units) affecting only specific institutional investors and debt market participants.

Operational Impact: Minimal - Standard listing procedure for debt securities with no changes to existing trading infrastructure or processes.

Investor Impact: Limited to investors in InCred Financial Services’ debt instruments. The market-linked nature tied to NIFTY 50 INDEX means returns are dependent on index performance rather than fixed interest rates, carrying market risk for investors.

Impact Justification

Routine listing of debt securities on private placement basis with limited market-wide impact, relevant primarily to debt market participants and investors in InCred Financial Services