Description

BSE lists new Commercial Paper issuance of Rs. 100 crore by Kotak Mahindra Investments Limited on private placement basis with maturity in September 2026.

Summary

BSE has listed new Commercial Paper issued by Kotak Mahindra Investments Limited on private placement basis. The issuance comprises 2000 units of Rs. 5 lakh each, totaling Rs. 100 crore, with a maturity period of approximately 11 months. The instruments carry dual credit ratings of CRISIL A1+ and ICRA A1+ and will trade in dematerialized form only.

Key Points

  • Issuer: Kotak Mahindra Investments Limited
  • Total Issue Size: Rs. 100 crore (2000 units × Rs. 5,00,000)
  • Face Value: Rs. 5,00,000 per unit
  • Issue Price: Rs. 4,70,723.50 per unit (discount of Rs. 29,276.50)
  • Scrip Code: 730424
  • Scrip ID: KMIL201025
  • ISIN: INE975F14C25
  • Credit Rating: CRISIL A1+, ICRA A1+ (highest short-term ratings)
  • Market Lot: 1 unit
  • Tick Size: 1 paise
  • Trading Mode: Dematerialized only
  • Trading Denomination: Rs. 5 lakhs and multiples thereof
  • Issuing and Paying Agent: Kotak Mahindra Bank Limited

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must ensure that these securities are traded only in dematerialized form under ISIN INE975F14C25
  • Trading must occur in standard denomination of Rs. 5 lakhs and multiples thereof
  • Members requiring clarifications may contact BSE debt department on specified phone numbers (22728352/8597/8995/5753/8915)

Important Dates

  • Allotment Date: October 20, 2025
  • Listing Date: October 20, 2025
  • Redemption Date: September 14, 2026
  • Maturity Period: Approximately 329 days (11 months)

Impact Assessment

This is a routine commercial paper listing with minimal market impact. The issuance is part of normal treasury operations for Kotak Mahindra Investments Limited to meet short-term funding requirements. The high credit ratings (A1+ from both CRISIL and ICRA) indicate strong creditworthiness and low default risk. The discount-based pricing (issue price of Rs. 4,70,723.50 against face value of Rs. 5,00,000) implies an effective yield of approximately 6.22% annualized. This listing provides institutional investors with an additional money market instrument option from a highly-rated financial services entity.

Impact Justification

Routine commercial paper listing with standard terms and high credit ratings (CRISIL A1+, ICRA A1+). No regulatory changes or compliance requirements for broader market participants.