Description

BSE announces listing of Commercial Paper issued by Axis Finance Limited (Rs. 150 crore) and Nuvama Clearing Services Limited (Rs. 25 crore) on the debt segment.

Summary

BSE has listed new Commercial Paper (CP) issued by two companies on private placement basis effective December 18, 2025. Axis Finance Limited issued 3,000 CPs aggregating Rs. 150 crore with redemption in October 2026, while Nuvama Clearing Services Limited issued 500 CPs (further listing) aggregating Rs. 25 crore with redemption in March 2026. Both instruments are rated A1+ and will trade in dematerialized form only.

Key Points

  • Axis Finance Limited CP: 3,000 units of Rs. 5 lakh each, totaling Rs. 150 crore
  • ISIN for Axis Finance: INE891K14PQ0, Scrip Code: 730797, Scrip ID: AFL171225
  • Axis Finance Rating: CRISIL A1+, IND A1+
  • Axis Finance Issue Price: Rs. 471,828.50 per unit (face value Rs. 5 lakh)
  • Axis Finance Allotment Date: December 17, 2025
  • Axis Finance Redemption Date: October 23, 2026
  • Axis Finance Issuing Agent: Axis Bank Limited
  • Nuvama Clearing Services Limited CP: 500 units of Rs. 5 lakh each, totaling Rs. 25 crore
  • ISIN for Nuvama: INE525L14166 (further listing under same ISIN)
  • Nuvama Rating: CRISIL A1+, ICRA A1+
  • Nuvama Issue Price: Rs. 490,942.50 per unit (face value Rs. 5 lakh)
  • Nuvama Allotment Date: December 17, 2025
  • Nuvama Redemption Date: March 18, 2026
  • Nuvama Issuing Agent: ICICI Bank Ltd
  • Trading in standard denomination of Rs. 5 lakhs and multiples thereof
  • Market lot size: 1 unit
  • Tick size: 1 paise
  • Trading only in dematerialized form

Regulatory Changes

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

Compliance Requirements

  • Trading members must ensure transactions occur only in dematerialized form under specified ISIN numbers
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Tick size of 1 paise must be observed for price quotations
  • Trading members requiring clarification should contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Allotment Date (Both): December 17, 2025
  • Listing Date: December 18, 2025
  • Nuvama Redemption: March 18, 2026
  • Axis Finance Redemption: October 23, 2026

Impact Assessment

Market Impact: Minimal. These are private placement listings of short-term debt instruments with no impact on equity markets or broader market operations.

Operational Impact: Limited to debt market participants. Trading members dealing in commercial paper need to note the new instruments available for trading.

Investor Impact: Provides additional short-term debt investment options for institutional investors. Both instruments carry highest credit rating (A1+) indicating strong credit quality and low default risk.

Impact Justification

Routine listing of commercial paper on private placement basis with no market-wide implications