Description

Three series of commercial paper issued by Kotak Mahindra Prime Limited listed on BSE Debt segment with face value of Rs. 5 lakh each, maturing between August and December 2026.

Summary

BSE has listed three series of commercial paper issued by Kotak Mahindra Prime Limited on private placement basis, effective December 10, 2025. The instruments have face values of Rs. 5,00,000 each, with total quantities of 2,000, 5,500, and 2,000 units respectively. All securities are rated CRISIL A1+ and ICRA A1+, with maturity dates ranging from August 5, 2026 to December 9, 2026. Kotak Mahindra Bank Ltd acts as the Issuing and Paying Agent.

Key Points

  • Three commercial paper series listed on BSE Debt segment
  • Total issue value: Rs. 475 crores (2,000 + 5,500 + 2,000 units × Rs. 5 lakhs)
  • Credit ratings: CRISIL A1+ and ICRA A1+
  • Trading in dematerialized form only
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Market lot size: 1 unit
  • Tick size: 1 paise
  • Issue and redemption dates range from December 10, 2025 to December 9, 2026

Series Details

Series 1 (KMPL-24-11-26-CP):

  • Scrip Code: 730738
  • ISIN: INE916D146H8
  • Quantity: 2,000 units
  • Issue Price: Rs. 468,843.50
  • Allotment Date: December 10, 2025
  • Redemption Date: November 24, 2026

Series 2 (KMPL-9-12-26-CP):

  • Scrip Code: 730739
  • ISIN: INE916D146I6
  • Quantity: 5,500 units
  • Issue Price: Rs. 467,591.50
  • Allotment Date: December 10, 2025
  • Redemption Date: December 9, 2026

Series 3 (KMPL-5-8-26-CP):

  • Scrip Code: 730401
  • ISIN: INE916D145X7 (Further listing under same ISIN)
  • Quantity: 2,000 units
  • Issue Price: Rs. 478,622.00
  • Allotment Date: December 10, 2025
  • Redemption Date: August 5, 2026

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for privately placed debt securities.

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 the specified ISIN numbers
  • Tick size of 1 paise must be observed

Important Dates

  • Listing Date: December 10, 2025
  • Allotment Date (All Series): December 10, 2025
  • Redemption Dates:
    • Series 3: August 5, 2026
    • Series 1: November 24, 2026
    • Series 2: December 9, 2026

Impact Assessment

This is a routine debt listing with minimal market impact. The commercial paper issuance provides short-term funding to Kotak Mahindra Prime Limited and offers investment opportunities for institutional investors in highly-rated debt instruments. The listing affects only debt market participants and has no direct impact on equity markets or retail investors. The high credit ratings (A1+) indicate strong credit quality and low default risk.

Impact Justification

Routine commercial paper listing for institutional debt investors with no impact on equity markets or retail participants