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 issued by two entities on private placement basis effective December 18, 2025. Axis Finance Limited issued 3,000 units (Rs. 150 crore) with redemption on October 23, 2026, and Nuvama Clearing Services Limited issued 500 units (Rs. 25 crore) with redemption on March 18, 2026. Both securities carry CRISIL A1+ rating and will trade in dematerialized form only.

Key Points

  • Axis Finance Limited CP: 3,000 units of Rs. 5 lakh each, total Rs. 150 crore
  • Scrip Code: 730797, ISIN: INE891K14PQ0, Scrip ID: AFL171225
  • Issue price: Rs. 471,828.50, allotment date: December 17, 2025
  • Redemption date: October 23, 2026 (10-month tenor)
  • Credit rating: CRISIL A1+, IND A1+
  • Issuing and paying agent: Axis Bank Limited
  • Nuvama Clearing Services Limited CP: 500 units of Rs. 5 lakh each, total Rs. 25 crore
  • Scrip Code: 730796, ISIN: INE525L14166 (further listing), Scrip ID: NCSL171225
  • Issue price: Rs. 490,942.50, allotment date: December 17, 2025
  • Redemption date: March 18, 2026 (3-month tenor)
  • Credit rating: CRISIL A1+, ICRA A1+
  • Issuing and paying agent: ICICI Bank Ltd

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Trading in standard denomination of Rs. 5 lakh and multiples thereof
  • Tick size for both securities is 1 paise
  • Market lot size is 1 unit
  • Securities admitted to dealings on BSE Debt segment

Important Dates

  • Allotment date: December 17, 2025 (both issuers)
  • Listing date: December 18, 2025 (effective immediately)
  • Redemption date (Axis Finance): October 23, 2026
  • Redemption date (Nuvama Clearing): March 18, 2026

Impact Assessment

Minimal market impact. These are routine commercial paper listings on private placement basis in the debt segment. The securities provide short-term funding to the issuers and investment opportunities for institutional investors. Both issuers carry top-tier A1+ credit ratings, indicating strong creditworthiness. Trading members requiring clarification can contact BSE debt department at specified phone numbers.

Impact Justification

Routine listing announcement for commercial paper on private placement basis with no material market-wide impact