Description
BSE announces listing of 4000 Commercial Papers of Rs. 5 lakh each issued by Kotak Mahindra Prime Limited, maturing on December 12, 2025.
Summary
BSE has listed new Commercial Papers issued by Kotak Mahindra Prime Limited on private placement basis. The securities comprise 4000 units with face value of Rs. 5,00,000 each, totaling Rs. 200 crores. The instruments carry CRISIL A1+ and ICRA A1+ credit ratings and will mature on December 12, 2025, representing a 9-day tenure from the allotment date.
Key Points
- Quantity: 4000 Commercial Papers of Rs. 5 lakh each
- Scrip Code: 730689 (KMPL31225)
- ISIN: INE916D146D7
- Issue Price: Rs. 4,99,224.50 per unit
- Credit Rating: CRISIL A1+ and ICRA A1+
- Market Lot: 1 unit
- Trading in dematerialized form only
- Standard denomination: Rs. 5 lakhs and multiples
- Tick size: 1 paise
- Issuing and Paying Agent: Kotak Mahindra Bank Ltd
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must trade these securities only in dematerialized form under ISIN INE916D146D7
- Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
- Tick size of 1 paise must be adhered to for all trades
Important Dates
- Notice Date: December 03, 2025
- Allotment Date: December 03, 2025
- Listing Date: December 03, 2025
- Redemption Date: December 12, 2025
Impact Assessment
This is a routine short-term debt instrument listing with minimal market impact. The 9-day tenure commercial paper is a standard corporate treasury instrument used for short-term funding requirements. With top-tier credit ratings (A1+), these instruments provide institutional investors with a high-quality short-term investment option. The listing expands the debt market offerings on BSE but has no material impact on equity markets or broader trading operations.
Impact Justification
Routine commercial paper listing with short 9-day tenure, limited to institutional investors via private placement