Description

BSE announces listing of 510 Commercial Papers issued by Navi Finserv Limited on private placement basis with face value of Rs. 5 lakhs each, maturing on June 15, 2026.

Summary

BSE has listed new Commercial Paper securities issued by Navi Finserv Limited on private placement basis, effective December 17, 2025. A total of 510 Commercial Papers with face value of Rs. 5,00,000 each have been admitted to dealings on the BSE Debt segment. The instruments carry IND A1 credit rating and will mature in six months.

Key Points

  • 510 Commercial Papers listed with face value of Rs. 5,00,000 each
  • Issue price: Rs. 4,76,715 per unit (discount of Rs. 23,285)
  • Scrip Code: 730786, Scrip ID: NFL161225
  • ISIN: INE342T14FF9
  • Credit Rating: IND A1
  • Market lot size: 1 unit
  • Trading only in dematerialized form
  • Standard denomination: Rs. 5 lakhs and multiples thereof
  • Tick size: 1 paise
  • HDFC Bank Limited acts as Issuing and Paying Agent

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE342T14FF9
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Tick size of 1 paise must be adhered to for price movements
  • For clarifications, trading members should contact BSE debt department on 22728352/8597/8995/5753/8915

Important Dates

  • Allotment Date: December 16, 2025
  • Listing Date: December 17, 2025
  • Redemption Date: June 15, 2026
  • Tenure: 181 days (approximately 6 months)

Impact Assessment

This listing has minimal market-wide impact as it represents a routine short-term debt instrument listing. The Commercial Paper issuance provides Navi Finserv Limited with working capital financing for six months at an implied discount rate. With IND A1 rating, these instruments are considered high quality short-term debt. The total issuance size is Rs. 255 crores (510 units × Rs. 5 lakhs), which is moderate for commercial paper markets. Impact is primarily relevant to debt market participants, money market funds, and institutional investors seeking short-term investment opportunities in NBFC paper.

Impact Justification

Routine commercial paper listing with standard terms, limited market-wide impact, relevant primarily to debt market participants and investors in Navi Finserv short-term instruments