Description

BSE announces listing of three new Commercial Paper instruments issued by Kotak Mahindra Prime Limited on private placement basis, with maturity dates ranging from November 2025 to August 2026.

Summary

BSE has listed three new Commercial Paper instruments issued by Kotak Mahindra Prime Limited on private placement basis, effective November 4, 2025. The instruments have face values of Rs. 5,00,000 each, with credit ratings of CRISIL A1+ and ICRA A1+. The total issuance comprises 10,500 units across three different maturity dates, with Kotak Mahindra Bank Ltd serving as the Issuing and Paying Agent.

Key Points

  • Three Commercial Paper instruments listed on BSE Debt segment
  • Total quantity: 10,500 units (2,500 + 4,000 + 4,000)
  • Face value: Rs. 5,00,000 per unit across all instruments
  • Credit rating: CRISIL A1+ and ICRA A1+ for all instruments
  • Allotment date: November 4, 2025
  • Trading only in dematerialized form
  • Standard denomination: Rs. 5 Lakhs and multiples thereof
  • Tick size: 1 paise
  • Market lot: 1 unit for all instruments

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
  • Tick size of 1 paise must be observed for all trading

Important Dates

  • Allotment Date: November 4, 2025 (all three instruments)
  • Redemption Dates:
    • KMPL041125 (Scrip Code 730493): November 12, 2025
    • KMP041125A (Scrip Code 730494): November 17, 2025
    • KMP161025 (Scrip Code 730401): August 5, 2026
  • Effective Trading Date: November 4, 2025

Impact Assessment

Market Impact: Minimal. This is a routine listing of short-term debt instruments that provides additional commercial paper options for debt market participants.

Operational Impact: Trading members gain access to three new Commercial Paper instruments from Kotak Mahindra Prime Limited with varying maturity profiles (8 days, 13 days, and 274 days).

Investor Impact: Low. The instruments are rated A1+ by both CRISIL and ICRA, indicating highest safety for short-term debt. The staggered maturity dates provide options for different investment horizons.

Instrument Details

Instrument 1 (KMPL041125)

  • Scrip Code: 730493
  • ISIN: INE916D146A3
  • Quantity: 2,500 units
  • Issue Price: Rs. 499,305.00
  • Redemption: November 12, 2025

Instrument 2 (KMP041125A)

  • Scrip Code: 730494
  • ISIN: INE916D146B1
  • Quantity: 4,000 units
  • Issue Price: Rs. 498,898.50
  • Redemption: November 17, 2025

Instrument 3 (KMP161025)

  • Scrip Code: 730401
  • ISIN: INE916D145X7 (Further listing under same ISIN)
  • Quantity: 4,000 units
  • Issue Price: Rs. 475,886.50
  • Redemption: August 5, 2026

Impact Justification

Routine listing of commercial paper instruments with no material impact on broader market operations or regulatory requirements