Description

BSE lists three series of commercial papers issued by Kotak Mahindra Prime Limited totaling Rs. 450 crores with redemption dates ranging from December 19, 2025 to January 23, 2026.

Summary

BSE has listed three new series of Commercial Papers issued by Kotak Mahindra Prime Limited on private placement basis, effective December 5, 2025. The total issuance amounts to Rs. 450 crores (9,000 units of Rs. 5 lakhs each) across three different maturity dates. All instruments are rated CRISIL A1+ and ICRA A1+, with Kotak Mahindra Bank Ltd acting as the Issuing and Paying Agent.

Key Points

  • Three series of Commercial Papers totaling 9,000 units (Rs. 450 crores) listed on BSE Debt segment
  • Series 1 (KMP051225): 4,000 units, redemption on December 19, 2025, issue price Rs. 498,794.50 (ISIN: INE916D146E5)
  • Series 2 (KMP051225A): 3,000 units, redemption on December 24, 2025, issue price Rs. 498,340.00 (ISIN: INE916D146G0)
  • Series 3 (KMP051225C): 2,000 units, redemption on January 23, 2026, issue price Rs. 495,674.50 (ISIN: INE916D146F2)
  • All instruments have face value and paid-up value of Rs. 5,00,000 each
  • Credit ratings: CRISIL A1+ and ICRA A1+ for all three series
  • Trading permitted only in dematerialized form
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise
  • Market lot: 1 unit

Regulatory Changes

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

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 must use the prescribed tick size of 1 paise for price movements

Important Dates

  • Allotment Date (All Series): December 5, 2025
  • Listing Date (All Series): December 5, 2025
  • 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

This is a routine commercial paper listing with minimal market impact. The issuance provides short-term funding (14-49 days) for Kotak Mahindra Prime Limited’s operational requirements. The high credit ratings (A1+) indicate strong creditworthiness and low default risk. Impact is limited to debt market participants and institutional investors dealing in short-term money market instruments. No effect on equity markets or retail investors.

Impact Justification

Routine commercial paper listing for short-term funding. No market-wide impact, affects only debt market participants dealing with Kotak Mahindra Prime Limited's instruments.