Description

BSE lists new debt securities of JM Financial Services Limited with two series - 8.40% due 2027 and 8.49% due 2028, issued on private placement basis.

Summary

BSE has listed new debt securities of JM Financial Services Limited issued on private placement basis, effective November 20, 2025. Two series of debentures have been admitted to dealings on the BSE Debt segment with ICRA AA/Stable rating.

Key Points

  • Two new debt securities series listed on BSE Debt segment
  • Series 1: ₹20,000 quantity, 8.40% p.a., maturing November 18, 2027 (ISIN: INE012I07108)
  • Series 2: ₹10,000 quantity, 8.49% p.a., maturing November 17, 2028 (ISIN: INE012I07090)
  • Both securities issued on private placement basis
  • Credit rating: ICRA AA/Stable for both series
  • Face value and issue price: ₹1,00,000 per debenture
  • Market lot: 1 unit
  • Securities tradeable only in dematerialized form
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under specified ISIN numbers
  • Trading members should refer to Placement Memorandum available on BSE website for further details
  • Contact debt department (22728352/8597/8995/5753/8915) for clarifications

Important Dates

  • Date of Allotment: November 18, 2025
  • Listing Date: November 20, 2025
  • Series 1 Interest Payment Dates: Annually from November 18, 2026 to November 18, 2027
  • Series 1 Redemption Date: November 18, 2027
  • Series 2 Interest Payment Dates: Annually from November 18, 2026 to November 17, 2028
  • Series 2 Redemption Date: November 17, 2028

Impact Assessment

This is a routine debt listing with minimal market impact. The securities are privately placed and not available to retail investors. The listing provides institutional investors with trading liquidity for these debt instruments. No put/call options are available on either series. The ICRA AA/Stable rating indicates high credit quality, and the competitive interest rates (8.40%-8.49%) reflect current debt market conditions for AA-rated issuers.

Impact Justification

Routine debt listing notification for private placement securities with no impact on equity markets or retail investors