Description

BSE announces listing of 400 Commercial Papers of Rs. 5 lakh each issued by Navi Finserv Limited on private placement basis, effective October 30, 2025.

Summary

BSE has listed new Commercial Paper securities issued by Navi Finserv Limited on private placement basis, effective October 30, 2025. The listing comprises 400 units of Commercial Paper with a face value of Rs. 5,00,000 each, totaling Rs. 20 crore. The securities will trade on the BSE Debt segment under scrip code 730454 (NFL291025) with ISIN INE342T14EV9. HDFC Bank Limited serves as the Issuing and Paying Agent.

Key Points

  • 400 Commercial Paper units listed with face value of Rs. 5,00,000 each
  • Issue price: Rs. 4,76,949.50 per unit (discount of approximately 4.61%)
  • Credit rating: IND A1+
  • Market lot size: 1 unit
  • Trading denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise
  • Scrip Code: 730454, Scrip ID: NFL291025
  • ISIN: INE342T14EV9
  • Trading only in dematerialized form

Regulatory Changes

No regulatory changes announced. This is a standard new security listing notification.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN
  • Trading must be conducted in standard denominations of Rs. 5 lakhs and multiples thereof
  • Members requiring clarification should contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Allotment Date: October 29, 2025
  • Listing Date: October 30, 2025 (effective immediately)
  • Redemption Date: April 27, 2026 (180-day maturity)

Impact Assessment

This listing has minimal market impact as it represents a routine short-term debt instrument listing. The Commercial Paper provides Navi Finserv Limited with short-term funding for approximately 6 months at an effective yield. For debt market participants, it offers a rated (IND A1+) short-term investment option in the NBFC sector. The Rs. 20 crore issuance size is relatively small and will not significantly impact overall debt market liquidity. Trading activity will be limited to institutional and high net-worth investors given the Rs. 5 lakh minimum trading lot.

Impact Justification

Routine commercial paper listing for debt segment with no market-wide impact, relevant only to debt traders and investors interested in Navi Finserv short-term instruments