Description

Three new Commercial Paper instruments of Kotak Mahindra Prime Limited listed on BSE Debt segment with varying maturity dates between December 2025 and January 2026.

Summary

Kotak Mahindra Prime Limited has listed three new Commercial Paper instruments on the BSE Debt segment effective December 5, 2025. The securities were issued on a private placement basis with face value of Rs. 5,00,000 each, totaling Rs. 450 crores across all three instruments. All instruments carry CRISIL A1+ and ICRA A1+ credit ratings, with maturity periods ranging from 14 to 49 days. Kotak Mahindra Bank Ltd serves as the Issuing and Paying agent.

Key Points

  • Three Commercial Paper instruments listed with total value of Rs. 450 crores (4000 + 3000 + 2000 units of Rs. 5 lakhs each)
  • First instrument: 4000 units maturing on December 19, 2025 (14 days), Issue Price Rs. 498,794.50, Scrip Code 730711, ISIN INE916D146E5
  • Second instrument: 3000 units maturing on December 24, 2025 (19 days), Issue Price Rs. 498,340.00, Scrip Code 730712, ISIN INE916D146G0
  • Third instrument: 2000 units maturing on January 23, 2026 (49 days), Issue Price Rs. 495,674.50, Scrip Code 730713, ISIN INE916D146F2
  • All instruments carry dual credit ratings of CRISIL A1+ and ICRA A1+
  • Trading exclusively in dematerialized form with standard denomination of Rs. 5 lakhs and multiples thereof
  • Market lot of 1 unit with tick size of 1 paise
  • Kotak Mahindra Bank Ltd appointed as Issuing and Paying agent for all three instruments

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Members should contact BSE debt department at specified phone numbers (22728352/8597/8995/5753/8915) for clarifications

Important Dates

  • Allotment Date: December 5, 2025 (all three instruments)
  • Listing Date: December 5, 2025 (effective immediately)
  • Redemption Dates:
    • KMP-19-12-25-CP: December 19, 2025
    • KMP-24-12-25-CP: December 24, 2025
    • KMP-23-1-26-CP: January 23, 2026

Impact Assessment

This is a routine administrative listing of short-term debt instruments with minimal market impact. The Commercial Papers are privately placed securities with short maturity periods (14-49 days) and will only be traded among institutional investors in the debt segment. The high credit ratings (A1+ from both CRISIL and ICRA) indicate strong creditworthiness. There is no impact on equity markets or general retail investors. The listing provides Kotak Mahindra Prime Limited with short-term funding options and adds liquidity to the debt market for qualified institutional participants.

Impact Justification

Routine listing of short-term commercial paper instruments on private placement basis with no impact on equity markets or regulatory changes