Description

BSE announces listing of new debt securities issued by Progfin Private Limited on private placement basis, effective October 31, 2025.

Summary

BSE has listed new debt securities issued by Progfin Private Limited on a private placement basis, effective October 31, 2025. The securities are non-convertible debentures with an 11.15% p.a. interest rate, maturing on July 29, 2027. The issue consists of 5,000 debentures with a face value of Rs. 1,00,000 each, rated BBB+ by ICRA.

Key Points

  • Scrip Code: 977259, Scrip ID: 1115PPL27
  • ISIN: INE0MYJ07146
  • Face Value: Rs. 1,00,000 per debenture
  • Issue Size: 5,000 debentures (Quantity)
  • Market Lot: 1
  • Issue Price: Rs. 1,00,000
  • Interest Rate: 11.15% per annum
  • Credit Rating: ICRA BBB+
  • Date of Allotment: October 29, 2025
  • Trading Mode: Dematerialized form only
  • Tick Size: 1 paise

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for privately placed debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE0MYJ07146
  • Members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for further details
  • Trading members requiring clarifications should contact the debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Allotment Date: October 29, 2025
  • Listing Date: October 31, 2025
  • Interest Payment Dates: Monthly from November 29, 2025 to July 29, 2027
  • Redemption Date: July 29, 2027
  • Put/Call Option: Not applicable

Impact Assessment

This circular has minimal market-wide impact as it pertains to a routine listing of privately placed debt securities. The impact is limited to:

  • Debt Market Participants: Trading members dealing in debt securities can now trade these instruments on the BSE Debt segment
  • Investors: Provides investment opportunity in ICRA BBB+ rated debt securities offering 11.15% p.a. returns
  • Progfin Private Limited: Enables secondary market liquidity for its debt securities

The securities are available for trading effective immediately, with monthly interest payments and a tenure of approximately 21 months from the allotment date.

Impact Justification

Routine debt security listing notification with limited market-wide impact, relevant primarily to debt market participants and investors in Progfin Private Limited securities