Description
BSE announces the listing of three series of Commercial Papers issued by Manappuram Finance Limited on private placement basis, with varying redemption dates and aggregating to 11,500 units.
Summary
BSE has listed three series of Commercial Papers issued by Manappuram Finance Limited on private placement basis, effective November 18, 2025. The securities are listed on the BSE Debt segment with face value of Rs. 5,00,000 each. Total issuance comprises 8,000 units (Series 1), 2,000 units (Series 2), and 1,500 units (Series 3). All series are rated CARE A1+ and CRISIL A1+, with AXIS Bank serving as the Issuing and Paying Agent.
Key Points
- Three Commercial Paper series listed with total 11,500 units
- Face value: Rs. 5,00,000 per unit across all series
- Allotment date: November 17, 2025 for all series
- Credit ratings: CARE A1+ and CRISIL A1+ for all instruments
- Trading only in dematerialized form
- Standard denomination: Rs. 5 lakhs and multiples thereof
- Tick size: 1 paise
- Issuing and Paying Agent: AXIS Bank Limited
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 specified ISIN numbers
- Trading shall comply with standard denomination requirements of Rs. 5 lakhs and multiples
- Members must adhere to tick size of 1 paise for these securities
Important Dates
- Allotment Date: November 17, 2025 (all three series)
- Listing Date: November 18, 2025
- Redemption Dates:
- Series 1 (Scrip Code 730587): February 16, 2026
- Series 2 (Scrip Code 730547): September 21, 2026
- Series 3 (Scrip Code 730478): September 16, 2026
Impact Assessment
Market Impact: Minimal. This is a routine listing of short-term debt instruments on the wholesale debt market. The commercial papers provide short-term financing for Manappuram Finance Limited with tenures ranging from 91 to 308 days.
Operational Impact: Limited to debt market participants and trading members dealing in commercial paper instruments. The listing expands available debt securities for institutional investors seeking short-term investment options with strong credit ratings.
Instrument Details
Series 1 (MFL171125)
- Scrip Code: 730587
- ISIN: INE522D14OX5
- Quantity: 8,000 units
- Issue Price: Rs. 491,243.00
- Tenure: 91 days (17-Nov-2025 to 16-Feb-2026)
Series 2 (MFL121125)
- Scrip Code: 730547
- ISIN: INE522D14OV9
- Quantity: 2,000 units
- Issue Price: Rs. 469,866.50
- Tenure: 308 days (17-Nov-2025 to 21-Sep-2026)
Series 3 (MFL311025)
- Scrip Code: 730478
- ISIN: INE522D14OT3 (Further listing under same ISIN)
- Quantity: 1,500 units
- Issue Price: Rs. 470,327.00
- Tenure: 304 days (17-Nov-2025 to 16-Sep-2026)
Impact Justification
Routine debt instrument listing for short-term commercial paper. Limited market-wide impact as it pertains to wholesale debt market participants only.