Description

BSE announces the listing of two series of Commercial Paper issued by Kotak Mahindra Prime Limited on private placement basis, with face value of Rs. 5 lakhs each, maturing in May and September 2026.

Summary

BSE has listed two series of Commercial Paper issued by Kotak Mahindra Prime Limited on private placement basis, effective October 16, 2025. The first series consists of 11,500 units with redemption date of September 7, 2026 (ISIN: INE916D145Y5), and the second series consists of 2,000 units with redemption date of May 8, 2026 (ISIN: INE916D145X7). Both series have a face value of Rs. 5,00,000 per unit and carry CRISIL A1+ and ICRA A1+ credit ratings.

Key Points

  • Two new Commercial Paper series listed on BSE Debt segment
  • Issuer: Kotak Mahindra Prime Limited
  • Total issuance: 11,500 units (Series 1) + 2,000 units (Series 2)
  • Face value: Rs. 5,00,000 per unit for both series
  • Credit Rating: CRISIL A1+ and ICRA A1+
  • Issue prices: Rs. 471,371.50 (Series 1) and Rs. 474,119.50 (Series 2)
  • Issuing and Paying Agent: Kotak Mahindra Bank Ltd
  • Trading in dematerialized form only
  • Market lot size: 1 unit
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes. This is a standard listing notification.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Tick size of 1 paise must be observed

Important Dates

  • Allotment Date (Both Series): October 16, 2025
  • Listing Date: October 16, 2025
  • Redemption Date (Series 1 - KMPL161025): September 7, 2026
  • Redemption Date (Series 2 - KMP161025): May 8, 2026

Impact Assessment

This is a routine commercial paper listing with minimal market impact. The listing provides additional short-term debt instruments for institutional investors and trading members in the debt segment. The instruments carry high credit ratings (A1+) indicating strong creditworthiness. The impact is limited to debt market participants and does not affect equity markets or general trading operations.

Impact Justification

Routine listing announcement for commercial paper issuance by Kotak Mahindra Prime Limited. Standard debt market activity with no regulatory changes or broad market impact.