Description

BSE announces listing of new debt securities (INE0NES07261) issued by Keertana Finserv Limited on private placement basis, effective October 14, 2025.

Summary

BSE has listed new debt securities of Keertana Finserv Limited (Scrip Code: 977044, Scrip ID: 111KFL27) on the BSE Debt segment effective October 14, 2025. The securities were issued on a private placement basis with a face value of Rs. 10,000 per unit, carrying 11.10% annual interest rate and maturing on August 19, 2027.

Key Points

  • Quantity listed: 100,000 units
  • Scrip Code: 977044, Scrip ID: 111KFL27
  • ISIN: INE0NES07261 (further listings under same ISIN)
  • Face Value: Rs. 10,000 per unit
  • Issue Price: Rs. 9,973 per unit
  • Credit Rating: IND BBB+/Stable
  • Interest Rate: 11.10% per annum (monthly payment)
  • Date of Allotment: October 10, 2025
  • Maturity Date: August 19, 2027
  • Market Lot: 1 unit
  • Tick Size: 1 paise
  • Trading: Dematerialized form only
  • No Put/Call options

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE0NES07261
  • 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 BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Date of Allotment: October 10, 2025
  • Listing Date: October 14, 2025
  • Interest Payment Period: Monthly from September 19, 2025 to August 19, 2027
  • Redemption Date: August 19, 2027

Impact Assessment

Market Impact: Low - This is a routine listing of privately placed debt securities from a non-banking finance company. The listing adds to the debt market inventory but has minimal impact on broader market operations.

Investor Impact: Low to Medium - Relevant only for investors in debt securities and those tracking Keertana Finserv Limited. The BBB+ credit rating indicates investment-grade quality with moderate credit risk. The 11.10% annual interest rate reflects current market conditions for similar rated instruments.

Operational Impact: None - Standard listing procedure with no special trading or settlement requirements beyond dematerialization mandate.

Impact Justification

Routine debt security listing notice for private placement NCDs of a non-banking finance company with limited market-wide impact