Description

BSE announces the listing of three series of privately placed debt securities issued by Kotak Mahindra Prime Limited totaling 89,500 units with varying interest rates and maturity dates.

Summary

BSE has listed three series of new debt securities issued by Kotak Mahindra Prime Limited on a private placement basis, effective November 13, 2025. The total issuance comprises 89,500 units across three tranches with varying interest rates (7.09%, 7.288%, and 7.83% p.a.) and maturities in 2028. All securities carry AAA credit ratings from CRISIL and/or ICRA, indicating highest credit quality. The securities were allotted on November 12, 2025.

Key Points

  • Three series of debt securities totaling 89,500 units listed on BSE Debt segment
  • All securities rated AAA/STABLE by CRISIL and/or ICRA
  • Face value of Rs. 1,00,000 per unit across all series
  • Interest payment frequency: Annually for all three series
  • Trading permitted only in dematerialized form
  • Tick size: 1 paise
  • Market lot: 1 unit for all series

Security Details

Series 1: KMPL-7.09%-21-08-28-PVT

  • Quantity: 70,000 units
  • Scrip Code: 977290
  • ISIN: INE916DA7TG1
  • Interest Rate: 7.09% p.a.
  • Issue Price: Rs. 1,00,004.6071
  • Redemption Date: August 21, 2028
  • Rating: CRISIL AAA/STABLE

Series 2: KMPL-7.288%-24-10-28-PVT

  • Quantity: 10,000 units (Further listing under existing ISIN)
  • Scrip Code: 977119
  • ISIN: INE916DA7TE6
  • Interest Rate: 7.288% p.a.
  • Issue Price: Rs. 1,00,835.4753
  • Redemption Date: October 24, 2028
  • Rating: CRISIL AAA/STABLE, ICRA AAA/STABLE

Series 3: KMPL-7.83%-13-7-28-PVT

  • Quantity: 9,500 units (Further listing under existing ISIN)
  • Scrip Code: 974974
  • ISIN: INE916DA7SJ7
  • Interest Rate: 7.83% p.a.
  • Issue Price: Rs. 1,04,258.9507
  • Redemption Date: July 13, 2028
  • Rating: CRISIL AAA/STABLE, ICRA AAA/STABLE

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Adherence to tick size of 1 paise for all transactions
  • Reference to Placement Memorandum available at: https://www.bseindia.com/markets/debt/memorandum_data.aspx
  • For clarifications, trading members may contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Date of Allotment: November 12, 2025
  • Listing Date: November 13, 2025
  • Redemption Dates:
    • Series 1: August 21, 2028
    • Series 2: October 24, 2028
    • Series 3: July 13, 2028

Impact Assessment

Market Impact: Minimal. This is a routine listing of privately placed debt securities that adds to the debt segment inventory. The securities are restricted to institutional investors given the high face value of Rs. 1 lakh per unit.

Issuer Profile: Kotak Mahindra Prime Limited, a subsidiary of Kotak Mahindra Bank, continues to access debt markets for funding. The AAA ratings reflect strong creditworthiness.

Investor Impact: Provides institutional investors with additional high-quality debt investment options with yields ranging from 7.09% to 7.83% p.a. The issue prices above par for Series 2 and 3 indicate these are further issuances under existing series, priced to reflect prevailing market conditions.

Impact Justification

Routine listing of privately placed debt securities with no market-wide implications; affects only debt segment investors