Description

BSE notifies the listing and admission to trading of new debt securities worth Rs. 50 crore issued by Midland Microfin Limited on private placement basis, effective November 21, 2025.

Summary

BSE has listed new debt securities issued by Midland Microfin Limited on private placement basis effective November 21, 2025. The securities comprise 50,000 debentures with a face value of Rs. 10,000 each, totaling Rs. 50 crore. The securities carry a 12% per annum interest rate with quarterly payments and will mature on April 4, 2027. Trading will be conducted exclusively in dematerialized form on the BSE Debt segment.

Key Points

  • 50,000 debentures listed with face value of Rs. 10,000 each (total Rs. 50 crore)
  • Scrip Code: 977306, Scrip ID: 12MML27
  • ISIN: INE884Q07806
  • Credit Rating: ACUITE A-
  • Interest Rate: 12% per annum, paid quarterly
  • Allotment Date: November 20, 2025
  • Maturity Date: April 4, 2027
  • Market Lot: 1 debenture
  • Tick Size: 1 paise
  • Trading only in dematerialized form
  • 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 exclusively in dematerialized form under ISIN INE884Q07806
  • Members must use the specified tick size of 1 paise for trading
  • Trading members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for detailed information
  • For clarifications, members may contact BSE debt department on 22728352/8597/8995/5753/8915

Important Dates

  • Allotment Date: November 20, 2025
  • Listing Date: November 21, 2025
  • First Interest Payment: February 20, 2026 (quarterly thereafter)
  • Maturity Date: April 4, 2027
  • Interest Payment Frequency: Quarterly from February 20, 2026 to April 4, 2027

Impact Assessment

This is a routine listing notification with minimal market impact. The private placement debt securities of Midland Microfin Limited provide institutional investors with an investment avenue in the microfinance sector at a 12% return. The ACUITE A- credit rating indicates adequate credit quality. The listing expands BSE’s debt market offerings but is not expected to significantly affect overall market dynamics or trading volumes.

Impact Justification

Routine listing notification for private placement debt securities of a microfinance company with limited market-wide impact