Description

BSE announces the listing of three series of Commercial Paper issued by Manappuram Finance Limited on private placement basis, with tenors ranging from 3 to 10 months.

Summary

BSE has listed three series of Commercial Paper issued by Manappuram Finance Limited on private placement basis, effective November 18, 2025. The total issuance comprises 11,500 units across three tranches with face value of Rs. 5,00,000 each, totaling Rs. 575 crores. All instruments are rated CARE A1+ and CRISIL A1+, with Axis Bank serving as the Issuing and Paying Agent.

Key Points

  • Three series of Commercial Paper listed on BSE Debt segment
  • Total quantity: 11,500 units (8,000 + 2,000 + 1,500)
  • Face value: Rs. 5,00,000 per unit across all series
  • Credit ratings: CARE A1+ and CRISIL A1+ for all instruments
  • Allotment date: November 17, 2025
  • Trading in dematerialized form only
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise
  • Market lot: 1 unit

Regulatory Changes

No regulatory changes introduced.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Trading shall be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Members requiring clarification should contact BSE debt department on specified phone numbers (22728352/8597/8995/5753/8915)

Important Dates

  • Allotment Date: November 17, 2025 (all three series)
  • Listing Date: November 18, 2025
  • Redemption Dates:
    • Series 1 (INE522D14OX5): February 16, 2026 (3 months tenor)
    • Series 2 (INE522D14OV9): September 21, 2026 (10 months tenor)
    • Series 3 (INE522D14OT3): September 16, 2026 (10 months tenor)

Impact Assessment

This is a routine debt market listing with minimal market impact. The commercial paper issuance provides short-term funding to Manappuram Finance Limited at competitive rates (indicated by issue prices ranging from Rs. 469,866.50 to Rs. 491,243 against face value of Rs. 500,000). The strong credit ratings (A1+ from both CARE and CRISIL) indicate low credit risk. Impact is limited to debt market participants and institutional investors dealing in commercial paper instruments.

Instrument Details

Series 1 (MFL171125)

  • Scrip Code: 730587
  • ISIN: INE522D14OX5
  • Quantity: 8,000 units
  • Issue Price: Rs. 491,243.00
  • Tenor: 3 months (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
  • Tenor: 10 months (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
  • Tenor: 10 months (17-Nov-2025 to 16-Sep-2026)

Impact Justification

Routine commercial paper listing notification for debt segment; affects only debt market participants and does not impact equity trading or broader market operations