Description

Kotak Mahindra Prime Limited has listed 6000 units of commercial paper worth Rs. 5 lakh each on BSE Debt segment, maturing on December 12, 2025.

Summary

BSE has listed new commercial paper issued by Kotak Mahindra Prime Limited on private placement basis. The listing comprises 6000 units of commercial paper with face value of Rs. 5,00,000 each, totaling Rs. 300 crores. The instruments are rated CRISIL A1+ and ICRA A1+, with a maturity period of just 8 days from December 4, 2025 to December 12, 2025.

Key Points

  • 6000 units of commercial paper listed on BSE Debt segment
  • Face value: Rs. 5,00,000 per unit
  • Issue price: Rs. 4,99,310.50 per unit
  • Scrip Code: 730689, Scrip ID: KMPL31225
  • ISIN: INE916D146D7 (further listing under same ISIN)
  • Credit ratings: CRISIL A1+ and ICRA A1+
  • Market lot: 1 unit
  • Tick size: 1 paise
  • Trading only in dematerialized form
  • Issuing and Paying Agent: Kotak Mahindra Bank Ltd

Regulatory Changes

No regulatory changes introduced. This is a standard debt instrument listing notification.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Securities to be traded under ISIN INE916D146D7
  • Tick size of 1 paise must be followed

Important Dates

  • Notice Date: December 4, 2025
  • Date of Allotment: December 4, 2025
  • Listing Date: December 4, 2025
  • Redemption Date: December 12, 2025

Impact Assessment

Market Impact: Minimal. This is a routine short-term commercial paper listing with very short tenure of 8 days.

Operational Impact: Standard listing procedures apply. Trading members need to be aware of the new scrip code and trading parameters.

Liquidity Impact: Limited secondary market activity expected given the extremely short maturity period. The instrument will redeem within 8 days of listing.

Entity-Specific Impact: Provides short-term funding avenue for Kotak Mahindra Prime Limited. The high credit ratings (A1+ from both CRISIL and ICRA) indicate strong creditworthiness.

Impact Justification

Routine commercial paper listing with short 8-day maturity period. Standard debt instrument listing with no broad market implications.