Description

Progfin Private Limited has listed new debt securities worth Rs. 100 crore on BSE Debt segment with 11% interest rate and maturity on January 13, 2027.

Summary

Progfin Private Limited has listed new debt securities on the BSE Debt segment effective October 15, 2025. The securities were issued on a private placement basis with a face value of Rs. 10,000 per unit, total quantity of 100,000 units (Rs. 100 crore aggregate value), carrying an 11% per annum interest rate with monthly interest payments and maturity date of January 13, 2027. The securities are rated ICRA BBB+/Stable and will trade only in dematerialized form.

Key Points

  • Issuer: Progfin Private Limited
  • Total Issue Size: 100,000 units of Rs. 10,000 each (Rs. 100 crore)
  • Scrip Code: 977210, Scrip ID: 11PPL027
  • ISIN: INE0MYJ07138
  • Credit Rating: ICRA BBB+/Stable
  • Interest Rate: 11% per annum (monthly payment)
  • Issue Price: Rs. 10,000 per unit
  • Market Lot: 1 unit
  • Tick Size: 1 paise
  • Trading Mode: Dematerialized form only
  • Listed on BSE Debt segment

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification.

Compliance Requirements

  • Trading members must note that securities will trade only in dematerialized form under ISIN INE0MYJ07138
  • 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 13, 2025
  • Listing Date: October 15, 2025
  • First Interest Payment: November 13, 2025
  • Interest Payment Period: Monthly from November 13, 2025 to January 13, 2027
  • Redemption Date: January 13, 2027
  • Put/Call Option: Not Applicable

Impact Assessment

Market Impact: Minimal. This is a routine private placement listing of debt securities by an unlisted private company. The securities are not equity shares and will have limited participation from retail investors.

Trading Impact: Limited to debt market participants. The securities will trade on the BSE Debt segment with restricted liquidity typical of privately placed debt instruments.

Investor Impact: Relevant only to institutional investors and qualified buyers who participated in the private placement. The BBB+ rating indicates moderate credit quality with adequate safety for interest and principal payments.

Impact Justification

Routine debt security listing notice for private placement by unlisted company with limited market-wide impact