Description

BSE announces listing of 50,000 units of 12% debt securities issued by Midland Microfin Limited on private placement basis, rated ACUITE A-, maturing on April 4, 2027.

Summary

BSE has listed and admitted new debt securities of Midland Microfin Limited to trading on the BSE Debt segment effective November 21, 2025. The securities were issued on a private placement basis with 50,000 units carrying a 12% per annum interest rate, maturing on April 4, 2027.

Key Points

  • 50,000 units of debt securities listed on BSE Debt segment
  • Scrip Code: 977306, Scrip ID: 12MML27
  • ISIN: INE884Q07806
  • Face Value and Issue Price: Rs. 10,000 per unit
  • Interest Rate: 12% per annum (quarterly payment)
  • Credit Rating: ACUITE A-
  • Date of Allotment: November 20, 2025
  • Maturity Date: April 4, 2027
  • Trading only in dematerialized form
  • Market Lot: 1 unit
  • Tick size: 1 paise
  • No Put/Call options available

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 ISIN INE884Q07806
  • Members must use the specified tick size of 1 paise for trading
  • Trading members can refer to the Placement Memorandum at https://www.bseindia.com/markets/debt/memorandum_data.aspx for further details
  • For clarifications, trading members may contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Date of Allotment: November 20, 2025
  • Listing Date: November 21, 2025
  • First Interest Payment: February 20, 2026
  • Interest Payment Schedule: Quarterly from February 20, 2026 to April 4, 2027
  • Redemption Date: April 4, 2027

Impact Assessment

This listing has minimal market impact as it pertains to a private placement of debt securities in a specific microfinance company. The impact is limited to:

  • Debt investors and institutional participants interested in microfinance sector debt instruments
  • Trading members dealing with debt securities on BSE
  • The securities offer a 12% coupon rate with ACUITE A- rating, providing moderate-risk investment opportunity in the microfinance sector
  • The relatively small issue size (50,000 units) indicates limited market breadth

Impact Justification

Routine debt security listing notification affecting only specific debt investors and trading members dealing with this issuer's securities