Description

BSE announces listing of Rs. 200 crore Commercial Paper issued by Kotak Mahindra Prime Limited on private placement basis, effective December 3, 2025.

Summary

BSE has listed new Commercial Paper issued by Kotak Mahindra Prime Limited on private placement basis effective December 3, 2025. The instrument consists of 4,000 units with face value of Rs. 5,00,000 each, totaling Rs. 200 crore. The Commercial Paper carries CRISIL A1+ and ICRA A1+ ratings and matures on December 12, 2025.

Key Points

  • Total issue size: Rs. 200 crore (4,000 units × Rs. 5 lakh each)
  • Scrip Code: 730689, Scrip ID: KMPL31225
  • ISIN: INE916D146D7
  • Issue price: Rs. 4,99,224.50 per unit
  • Face value: Rs. 5,00,000 per unit
  • Allotment date: December 3, 2025
  • Redemption date: December 12, 2025 (9-day tenor)
  • Credit rating: CRISIL A1+ and ICRA A1+ (highest short-term rating)
  • Market lot: 1 unit
  • Trading denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise
  • Issuing and Paying Agent: Kotak Mahindra Bank Ltd

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for privately placed debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE916D146D7
  • Trading restricted to standard denomination of Rs. 5 lakhs and multiples
  • Securities admitted to dealings on BSE Debt segment effective December 3, 2025
  • For clarifications, trading members may contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Allotment Date: December 3, 2025
  • Listing Date: December 3, 2025
  • Redemption Date: December 12, 2025
  • Notice Date: December 3, 2025

Impact Assessment

Market Impact: Low - This is a routine short-term treasury operation by Kotak Mahindra Prime Limited, the NBFC arm of Kotak Mahindra Bank. The 9-day tenor indicates short-term working capital funding.

Investor Impact: Minimal - Commercial paper is typically subscribed by institutional investors and treasury desks. The top-tier credit rating (A1+) reflects strong creditworthiness with minimal default risk.

Operational Impact: None for general market participants. Only relevant to debt market trading members and institutional investors in money market instruments.

Impact Justification

Routine commercial paper listing with short 9-day tenor; minimal market impact as standard treasury operation by established NBFC