Description

BSE announces listing of 2,093 Commercial Papers issued by Navi Finserv Limited totaling Rs. 104.65 crores with maturity dates in January 2026.

Summary

BSE has listed two series of Commercial Paper issued by Navi Finserv Limited on private placement basis, effective October 17, 2025. The first series (NFL161025) comprises 640 units with face value of Rs. 5 lakhs each, maturing on January 14, 2026. The second series (NFL161025A) comprises 1,453 units with the same face value, maturing on January 15, 2026. Both series carry IND A1+ credit rating and HDFC Bank Limited acts as the Issuing and Paying Agent.

Key Points

  • Total of 2,093 Commercial Paper units listed across two series
  • First series: 640 units (ISIN: INE342T14ER7, Scrip Code: 730404) maturing January 14, 2026
  • Second series: 1,453 units (ISIN: INE342T14EP1, Scrip Code: 730405) maturing January 15, 2026
  • Face value and paid-up value: Rs. 5,00,000 per unit for both series
  • Issue price: Rs. 488,438 for first series; Rs. 488,015.50 for second series
  • Date of allotment: October 16, 2025
  • Credit rating: IND A1+ for both series
  • HDFC Bank Limited appointed as Issuing and Paying Agent
  • Trading in dematerialized form only
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise
  • Market lot: 1 unit

Regulatory Changes

No regulatory changes introduced by this circular.

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
  • Members must use the tick size of 1 paise for trading these securities
  • For clarifications, trading members should contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • October 16, 2025: Date of allotment for both series
  • October 17, 2025: Effective date of listing and admission to dealings on BSE Debt segment
  • January 14, 2026: Redemption date for first series (NFL161025)
  • January 15, 2026: Redemption date for second series (NFL161025A)

Impact Assessment

This is a routine debt listing with minimal market impact. The listing provides Navi Finserv Limited access to short-term funding through the commercial paper route and offers debt market investors additional short-duration instruments rated IND A1+. The total issuance of approximately Rs. 104.65 crores is modest in size and targets institutional investors through private placement. Impact is limited to debt market participants and does not affect equity markets or broader trading operations.

Impact Justification

Routine listing of commercial paper on private placement basis with no market-wide implications, affects only debt market participants interested in Navi Finserv instruments