Description

BSE announces listing of 1,500 new debt securities issued by FINSTARS CAPITAL LIMITED on private placement basis, effective December 12, 2025.

Summary

BSE has listed new debt securities of FINSTARS CAPITAL LIMITED (Scrip Code: 977361, ISIN: INE08XA07052) on its Debt segment effective December 12, 2025. The securities were issued on private placement basis with a quantity of 1,500 units, face value of Rs. 100,000 each, carrying an interest rate of 11.07% p.a. with monthly interest payments and maturity date of December 9, 2027.

Key Points

  • Quantity issued: 1,500 securities
  • Scrip Code: 977361, Scrip ID: 1107FCL27
  • ISIN: INE08XA07052
  • Face Value/Paid-up Value/Issue Price: Rs. 100,000 per security
  • Market Lot: 1 unit
  • Date of Allotment: December 9, 2025
  • Interest Rate: 11.07% per annum (monthly payments)
  • Interest Payment Period: December 31, 2025 to December 9, 2027
  • Redemption Date: December 9, 2027
  • Credit Rating: IVR BBB-/Negative
  • No Put/Call options available
  • Securities tradable only in dematerialized form
  • Tick size: 1 paise

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 ISIN INE08XA07052
  • Trading members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for detailed information
  • For clarifications, trading members may contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Date of Allotment: December 9, 2025
  • Listing Date: December 12, 2025
  • First Interest Payment: December 31, 2025
  • Redemption Date: December 9, 2027
  • Interest Payment Frequency: Monthly from December 31, 2025 to December 9, 2027

Impact Assessment

This circular has minimal market-wide impact as it pertains to a routine listing of privately placed debt securities. The impact is limited to:

  • Debt market participants and institutional investors dealing in FINSTARS CAPITAL LIMITED securities
  • The securities have a BBB-/Negative credit rating, indicating moderate credit risk
  • Total issue size of Rs. 15 crores (1,500 × Rs. 100,000) represents a relatively small debt issuance
  • Monthly interest payment structure provides regular cash flow to investors
  • The 11.07% interest rate reflects the credit risk profile and current market conditions for such rated securities

Impact Justification

Routine listing of debt securities on private placement basis with limited market-wide impact, relevant primarily to debt market participants and investors in FINSTARS CAPITAL LIMITED securities