Description

BSE lists two series of Commercial Paper issued by Navi Finserv Limited on private placement basis totaling Rs. 75 crore, with maturity dates in April and October 2026.

Summary

BSE has listed two series of Commercial Paper issued by Navi Finserv Limited on private placement basis, effective October 20, 2025. The first series consists of 300 units with face value of Rs. 5 lakhs each (total Rs. 15 crore) maturing on April 15, 2026. The second series consists of 1,200 units with face value of Rs. 5 lakhs each (total Rs. 60 crore) maturing on October 16, 2026. Both securities carry an IND A1+ credit rating and will be traded only in dematerialized form.

Key Points

  • Two series of Commercial Paper listed on BSE Debt segment
  • Series 1: 300 units of Rs. 5 lakhs each, Issue Price Rs. 4,77,849, Maturity April 15, 2026
  • Series 2: 1,200 units of Rs. 5 lakhs each, Issue Price Rs. 4,56,314, Maturity October 16, 2026
  • Both series allotted on October 17, 2025
  • Credit Rating: IND A1+ for both series
  • HDFC Bank Limited acts as Issuing and Paying Agent
  • Trading in dematerialized form only under respective ISINs
  • Market lot size: 1 unit, Standard denomination: Rs. 5 lakhs and multiples
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Members should use the specified ISIN numbers: INE342T14EO4 (Series 1) and INE342T14EQ9 (Series 2)
  • Scrip Codes: 730419 (Series 1) and 730420 (Series 2)
  • Queries to be directed to BSE debt department at specified contact numbers

Important Dates

  • Allotment Date: October 17, 2025 (both series)
  • Listing Date: October 20, 2025
  • Redemption Date (Series 1): April 15, 2026
  • Redemption Date (Series 2): October 16, 2026

Impact Assessment

Market Impact: Minimal. This is a routine debt instrument listing for short-term borrowing needs of Navi Finserv Limited.

Liquidity: The commercial papers provide additional debt market instruments for institutional investors seeking short-term investment options with 6-month and 12-month tenures.

Credit Quality: IND A1+ rating indicates strong degree of safety regarding timely payment of financial obligations, reflecting adequate credit quality.

Operational Impact: Trading members gain access to two additional debt securities for their clients interested in commercial paper investments. No changes to trading infrastructure or procedures required.

Impact Justification

Routine debt instrument listing with no impact on equity markets or regulatory changes. Standard commercial paper issuance for short-term funding needs.