Description

BSE announces listing of three series of Commercial Papers issued by Kotak Mahindra Prime Limited aggregating Rs. 450 crores with redemption dates ranging from December 19, 2025 to January 23, 2026.

Summary

BSE has listed three series of Commercial Papers issued by Kotak Mahindra Prime Limited on private placement basis, effective December 05, 2025. The total issuance amounts to Rs. 450 crores (Rs. 200 crores + Rs. 150 crores + Rs. 100 crores) with maturity periods ranging from 14 to 49 days. All securities carry CRISIL A1+ and ICRA A1+ credit ratings and will trade in dematerialized form only.

Key Points

  • Three series of Commercial Papers listed on BSE Debt segment effective December 05, 2025
  • Series 1: 4,000 CPs of Rs. 5 lakhs each, totaling Rs. 200 crores, maturing on December 19, 2025 (14 days)
  • Series 2: 3,000 CPs of Rs. 5 lakhs each, totaling Rs. 150 crores, maturing on December 24, 2025 (19 days)
  • Series 3: 2,000 CPs of Rs. 5 lakhs each, totaling Rs. 100 crores, maturing on January 23, 2026 (49 days)
  • All series rated CRISIL A1+ and ICRA A1+
  • Kotak Mahindra Bank Ltd acting as Issuing and Paying Agent
  • Trading only in dematerialized form under respective ISIN numbers

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification under existing debt market framework.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Standard denomination of Rs. 5 lakhs and multiples thereof
  • Tick size for securities is 1 paise
  • Market lot is 1 unit for all three series

Important Dates

  • Allotment Date: December 05, 2025 (all three series)
  • Listing Date: December 05, 2025 (all three series)
  • Redemption Date - Series 1 (KMP051225): December 19, 2025
  • Redemption Date - Series 2 (KMP051225A): December 24, 2025
  • Redemption Date - Series 3 (KMP051225C): January 23, 2026

Impact Assessment

Market Impact: Minimal. This is a routine commercial paper listing with no impact on equity markets or broader trading operations.

Operational Impact: Informational for debt market participants. Trading members dealing in debt securities can now trade these instruments on BSE’s Debt segment.

Investor Impact: Provides short-term investment opportunities for debt market participants seeking highly-rated commercial papers with tenures of 14-49 days. The A1+ ratings from both CRISIL and ICRA indicate highest safety for short-term debt instruments.

Securities Details

Series 1 (Scrip Code: 730711)

  • ISIN: INE916D146E5
  • Issue Price: Rs. 498,794.50
  • Face Value: Rs. 500,000
  • Implied Yield: ~9.85% p.a. (14-day tenor)

Series 2 (Scrip Code: 730712)

  • ISIN: INE916D146G0
  • Issue Price: Rs. 498,340.00
  • Face Value: Rs. 500,000
  • Implied Yield: ~9.64% p.a. (19-day tenor)

Series 3 (Scrip Code: 730713)

  • ISIN: INE916D146F2
  • Issue Price: Rs. 495,674.50
  • Face Value: Rs. 500,000
  • Implied Yield: ~9.52% p.a. (49-day tenor)

Impact Justification

Routine debt listing notification for commercial paper issuance. Standard short-term financing instrument with no material impact on broader market operations or trading members beyond informational purposes.