Description

Progfin Private Limited's new debt securities worth Rs. 100 crore listed on BSE Debt segment with 11% p.a. interest rate and maturity date of 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 total quantity of 100,000 units (face value Rs. 10,000 each), representing a total issue size of Rs. 100 crore. The securities carry an 11% p.a. interest rate with monthly interest payments and will mature on January 13, 2027. The securities are rated ICRA BBB+/Stable and will trade only in dematerialized form.

Key Points

  • Scrip Code: 977210, Scrip ID: 11PPL027, ISIN: INE0MYJ07138
  • Total Quantity: 100,000 units with market lot of 1
  • Face Value and Issue Price: Rs. 10,000 per unit
  • Date of Allotment: October 13, 2025
  • Interest Rate: 11% per annum paid monthly
  • Interest Payment Period: Monthly from November 13, 2025 to January 13, 2027
  • Redemption Date: January 13, 2027
  • Credit Rating: ICRA BBB+/Stable
  • No Put/Call options available
  • Trading only in dematerialized form
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification following standard BSE procedures for debt securities issued on private placement basis.

Compliance Requirements

  • Trading members must ensure that these securities are traded only in dematerialized form under ISIN INE0MYJ07138
  • Trading members must adhere to the tick size of 1 paise for price movements
  • Members can 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

  • Allotment Date: October 13, 2025
  • Listing Date: October 15, 2025 (effective immediately)
  • First Interest Payment: November 13, 2025
  • Subsequent Interest Payments: Monthly on the 13th from November 2025 to January 2027
  • Redemption Date: January 13, 2027

Impact Assessment

This listing has minimal market-wide impact as it pertains to privately placed debt securities of Progfin Private Limited. The impact is limited to:

  • Debt market participants interested in BBB+ rated corporate bonds
  • Existing and potential investors in Progfin Private Limited securities
  • Trading members who may facilitate transactions in these securities

The securities offer an 11% annual return with monthly interest payments, which may attract fixed-income investors seeking regular cash flows. The ICRA BBB+/Stable rating indicates moderate credit quality with adequate safety for timely payment of financial obligations. The relatively short tenure (approximately 15 months from listing) reduces long-term credit risk exposure.

Impact Justification

Routine listing of privately placed debt securities on BSE Debt segment with limited market-wide impact, relevant primarily to debt market participants and investors in Progfin Private Limited securities.