Description

BSE lists three series of Commercial Paper issued by Kotak Mahindra Prime Limited totaling Rs. 475 crores on private placement basis, with redemption dates ranging from August to December 2026.

Summary

BSE has listed and admitted three series of Commercial Paper issued by Kotak Mahindra Prime Limited on the BSE Debt segment with effect from December 10, 2025. The instruments were issued on a private placement basis with face value of Rs. 5,00,000 each, rated CRISIL A1+ and ICRA A1+. The total issuance comprises 9,500 units across three series with varying redemption dates.

Key Points

  • Three series of Commercial Paper listed totaling 9,500 units (Rs. 475 crores)
  • First series: 2,000 units (Scrip Code 730738, ISIN INE916D146H8) redeeming on November 24, 2026, issued at Rs. 468,843.50
  • Second series: 5,500 units (Scrip Code 730739, ISIN INE916D146I6) redeeming on December 9, 2026, issued at Rs. 467,591.50
  • Third series: 2,000 units (Scrip Code 730401, ISIN INE916D145X7 - further listing under same ISIN) redeeming on August 5, 2026, issued at Rs. 478,622
  • Credit rating: CRISIL A1+ and ICRA A1+ for all series
  • Face value and paid-up value: Rs. 5,00,000 per unit for all series
  • Issuing and Paying Agent: Kotak Mahindra Bank Ltd
  • Date of allotment: December 10, 2025

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these securities only in dematerialised form under the respective ISIN numbers
  • Trading shall take place in standard denomination of Rs. 5 lakhs and multiples thereof
  • Market lot size is 1 unit for all three series
  • Tick size for the securities is 1 paise
  • Trading members requiring clarification should contact BSE debt department on 22728352/8597/8995/5753/8915

Important Dates

  • Listing Date: December 10, 2025 (effective immediately)
  • Allotment Date: December 10, 2025 (all three series)
  • Redemption Dates:
    • Series 1 (KMPL-24-11-26-CP): November 24, 2026
    • Series 2 (KMPL-9-12-26-CP): December 9, 2026
    • Series 3 (KMPL-5-8-26-CP): August 5, 2026

Impact Assessment

Minimal market impact. This is a routine debt market listing notification for institutional investors and debt market participants. The Commercial Paper issuances provide short-term funding options for Kotak Mahindra Prime Limited with tenures ranging from approximately 8 to 12 months. The high credit ratings (A1+ from both CRISIL and ICRA) indicate strong creditworthiness. Trading will be restricted to institutional participants given the high denomination requirement of Rs. 5 lakhs minimum.

Impact Justification

Routine commercial paper listing for debt market participants; limited impact on broader market operations