Description

BSE announces listing of two new privately placed debt securities by Finkurve Financial Services Limited worth Rs. 50 crore, with tenors of 2 and 3 years.

Summary

BSE has listed two new series of debt securities issued by Finkurve Financial Services Limited on a private placement basis, effective November 26, 2025. The securities will trade in dematerialized form on the BSE Debt segment with CRISIL BBB/Stable rating.

Key Points

  • First Security (ISIN: INE734I07040): 2,000 bonds of Rs. 1,00,000 face value each, totaling Rs. 20 crore
  • Second Security (ISIN: INE734I07057): 3,000 bonds of Rs. 1,00,000 face value each, totaling Rs. 30 crore
  • Total issuance size: Rs. 50 crore
  • Both securities issued at par (100% of face value)
  • Credit Rating: CRISIL BBB/Stable for both series
  • Trading only in dematerialized form
  • Market lot size: 1 bond
  • Tick size: 1 paise

Security Details

Security 1: FFSL-11.15%-25-11-27-PVT

  • Scrip Code: 977315
  • Scrip ID: 1115FFSL27
  • ISIN: INE734I07040
  • Quantity: 2,000 bonds
  • Face/Paid-up/Issue Value: Rs. 1,00,000 per bond
  • Coupon Rate: 11.15% p.a.
  • Interest Payment: Monthly from January 1, 2026 to November 25, 2027
  • Allotment Date: November 25, 2025
  • Maturity Date: November 25, 2027 (2-year tenor)
  • Put/Call Options: None

Security 2: FFSL-11.25%-25-11-28-PVT

  • Scrip Code: 977317
  • Scrip ID: 1125FFSL28
  • ISIN: INE734I07057
  • Quantity: 3,000 bonds
  • Face/Paid-up/Issue Value: Rs. 1,00,000 per bond
  • Coupon Rate: 11.25% p.a.
  • Interest Payment: Monthly from January 1, 2026 to November 25, 2028
  • Allotment Date: November 25, 2025
  • Maturity Date: November 25, 2028 (3-year tenor)
  • Put/Call Options: None

Regulatory Changes

No regulatory changes. 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
  • Tick size of 1 paise must be observed for trading

Important Dates

  • Allotment Date: November 25, 2025
  • Listing Date: November 26, 2025
  • First Interest Payment: January 1, 2026
  • Maturity Date (Security 1): November 25, 2027
  • Maturity Date (Security 2): November 25, 2028

Impact Assessment

This listing has minimal market-wide impact as it involves privately placed debt securities with limited liquidity. The securities are relevant primarily to:

  • Institutional investors who participated in the private placement
  • Debt market participants seeking BBB-rated corporate bonds
  • Investors looking for monthly income instruments with 11.15-11.25% yields

The higher coupon rates (11.15% and 11.25%) reflect the BBB credit rating and current market conditions for non-banking finance company debt. Trading members requiring clarification may contact BSE’s debt department.

Contact: BSE Debt Department at 22728352/8597/8995/5753/8915

Impact Justification

Routine listing announcement for privately placed debt securities with limited market-wide impact, relevant primarily to debt market participants and the issuing company.