Description

Two new commercial paper instruments of Navi Finserv Limited listed on BSE Debt segment with face value of Rs. 5 lakh each, maturing in April 2026 and October 2026.

Summary

BSE has listed two new Commercial Paper instruments issued by Navi Finserv Limited on private placement basis, effective October 20, 2025. The instruments have a face value of Rs. 5,00,000 each and are rated IND A1+ by credit rating agencies. HDFC Bank Limited acts as the Issuing and Paying Agent for both instruments.

Key Points

  • First Instrument (Scrip Code 730419, ISIN: INE342T14EO4): 300 units of Commercial Paper issued at Rs. 477,849, allotted on October 17, 2025, maturing on April 15, 2026
  • Second Instrument (Scrip Code 730420, ISIN: INE342T14EQ9): 1,200 units of Commercial Paper issued at Rs. 456,314, allotted on October 17, 2025, maturing on October 16, 2026
  • Trading will be conducted only in dematerialized form
  • Standard denomination is Rs. 5 lakhs and multiples thereof
  • Market lot size is 1 unit for both instruments
  • Credit rating: IND A1+ for both instruments
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes introduced in 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
  • Trading members requiring clarification should contact BSE debt department on specified phone numbers: 22728352/8597/8995/5753/8915

Important Dates

  • Allotment Date: October 17, 2025 (both instruments)
  • Listing Date: October 20, 2025 (both instruments)
  • Redemption Date (First Instrument): April 15, 2026
  • Redemption Date (Second Instrument): October 16, 2026

Impact Assessment

This is a routine listing notification with minimal market impact. The listing adds Rs. 150 crore (Rs. 15 crore from first instrument + Rs. 60 crore from second instrument) of short-term debt instruments to the BSE Debt segment. The instruments provide short-term funding to Navi Finserv Limited and offer investment opportunities for institutional investors in highly-rated commercial paper. No impact on equity markets or trading members’ operations beyond standard debt trading procedures.

Impact Justification

Routine debt instrument listing notification for commercial paper with no regulatory changes or compliance requirements for broader market participants.