Description

Listing of two new debt securities by Finkurve Financial Services Limited on BSE Debt segment with face value of Rs. 1,00,000 each, maturing in 2027 and 2028.

Summary

BSE has listed two new debt securities issued by Finkurve Financial Services Limited on private placement basis, effective November 26, 2025. The first security (ISIN: INE734I07040) carries 11.15% interest rate with 2-year maturity, while the second (ISIN: INE734I07057) carries 11.25% interest rate with 3-year maturity. Both securities have a face value of Rs. 1,00,000 and are rated CRISIL BBB/Stable.

Key Points

  • Two debt securities listed on BSE Debt segment with effect from November 26, 2025
  • Security 1: 2,000 debentures of Rs. 1,00,000 each with 11.15% p.a. interest, maturing on November 25, 2027
  • Security 2: 3,000 debentures of Rs. 1,00,000 each with 11.25% p.a. interest, maturing on November 28, 2028
  • Both securities allotted on November 25, 2025 on private placement basis
  • Credit rating: CRISIL BBB/Stable for both securities
  • Monthly interest payment starting January 1, 2026
  • Market lot size: 1 unit for both securities
  • Securities tradable only in dematerialized form
  • Tick size: 1 paise
  • No put/call options available

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for detailed information
  • Trading must comply with the tick size of 1 paise

Important Dates

  • Date of Allotment: November 25, 2025
  • Listing Date: November 26, 2025
  • First Interest Payment: January 1, 2026
  • Security 1 (977315) Redemption Date: November 25, 2027
  • Security 2 (977317) Redemption Date: November 28, 2028
  • Interest Payment Frequency: Monthly until redemption

Impact Assessment

This is a routine debt securities listing with minimal market impact. The listing provides fixed-income investment opportunities for institutional and high net-worth investors. The securities are rated BBB/Stable, indicating adequate credit quality with moderate credit risk. The high face value of Rs. 1,00,000 per unit limits participation to institutional and sophisticated investors. No impact on equity markets or broader trading operations is expected.

Impact Justification

Routine listing of debt securities on private placement basis with no impact on equity trading or broad market operations