Description

BSE lists 6000 commercial papers of Rs. 5 lakh each issued by Kotak Mahindra Prime Limited with maturity date of December 12, 2025.

Summary

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

Key Points

  • Quantity: 6000 commercial paper units
  • 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 Rating: CRISIL A1+, ICRA A1+
  • Market Lot: 1 unit
  • Tick Size: 1 paise
  • Issuing and Paying Agent: Kotak Mahindra Bank Ltd
  • Trading: Only in dematerialized form in standard denomination of Rs. 5 lakhs and multiples thereof

Regulatory Changes

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

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 will be traded under ISIN Number INE916D146D7
  • Trading members can contact debt department on 22728352/8597/8995/5753/8915 for clarifications

Important Dates

  • Notice Date: December 04, 2025
  • Listing Date: December 04, 2025 (effective from today)
  • Date of Allotment: December 04, 2025
  • Date of Redemption: December 12, 2025

Impact Assessment

Market Impact: Minimal. This is a routine short-term commercial paper listing with an 8-day maturity period. The instrument is meant for institutional investors and does not affect retail trading or broader market operations.

Operational Impact: Standard debt segment listing requiring no special operational adjustments. Trading members need to be aware of the specific trading parameters (denomination and dematerialized form requirement).

Liquidity: Limited secondary market trading expected given the extremely short tenure of 8 days between allotment and redemption.

Impact Justification

Routine listing of short-term commercial paper with 8-day maturity. Standard debt instrument listing with no market-wide implications.