Description

BSE announces listing of two series of Commercial Papers issued by Navi Finserv Limited with face value of Rs. 5 lakhs each, totaling Rs. 600 crores, maturing in May 2026.

Summary

BSE has listed two series of Commercial Papers issued by Navi Finserv Limited on private placement basis, effective November 13, 2025. The first series comprises 1000 units (Rs. 500 crores) maturing on May 11, 2026, and the second series comprises 200 units (Rs. 100 crores) maturing on May 12, 2026. Both securities carry IND A1+ credit rating and will be traded in dematerialized form only.

Key Points

  • Two series of Commercial Papers listed on BSE Debt segment
  • Series 1: 1000 units of Rs. 5 lakhs each (Total: Rs. 500 crores), ISIN: INE342T14EY3, Scrip Code: 730552
  • Series 2: 200 units of Rs. 5 lakhs each (Total: Rs. 100 crores), ISIN: INE342T14EX5, Scrip Code: 730553
  • Both securities rated IND A1+ by credit rating agency
  • HDFC Bank Limited acts as Issuing and Paying Agent
  • Trading permitted only in dematerialized form
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise
  • Market lot size: 1 unit

Regulatory Changes

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

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
  • Members should note the tick size of 1 paise for pricing

Important Dates

  • Notice Date: November 13, 2025
  • Listing Effective Date: November 13, 2025
  • Series 1 Allotment Date: November 12, 2025
  • Series 1 Redemption Date: May 11, 2026
  • Series 2 Allotment Date: November 12, 2025
  • Series 2 Redemption Date: May 12, 2026

Impact Assessment

Market Impact: Minimal. This is a routine listing of short-term debt instruments (Commercial Paper) on private placement basis. The listing adds liquidity options for institutional investors holding these instruments but does not affect broader market operations.

Operational Impact: Trading members gain access to two new debt securities for trading in the BSE Debt segment. The securities follow standard trading parameters (dematerialized form, standard denomination, regular tick size) requiring no special operational adjustments.

Investor Impact: Provides secondary market trading opportunity for investors holding these Commercial Papers, enabling price discovery and potential exit options before maturity.

Impact Justification

Routine listing of commercial paper on private placement basis with standard trading terms. No market-wide impact or regulatory changes.