Description

BSE announces listing of zero-coupon debt securities worth Rs. 2 crore issued by Midland Microfin Limited on private placement basis, effective December 19, 2025.

Summary

BSE has listed new debt securities issued by Midland Microfin Limited on private placement basis, effective December 19, 2025. The zero-coupon bonds have a face value of Rs. 1,00,000 per unit with a 5-year maturity period and are rated CARE BBB+/Negative. The securities will be traded only in dematerialized form on the BSE Debt segment.

Key Points

  • Quantity issued: 2,000 units (Market lot: 1 unit)
  • Scrip Code: 977386, Scrip ID: 0MML30
  • ISIN: INE884Q08309
  • Face Value and Issue Price: Rs. 1,00,000 per unit
  • Zero-coupon bonds (no periodic interest payments)
  • Credit Rating: CARE BBB+/Negative
  • Put option available as per Key Information Document (KID)
  • Trading tick size: 1 paise
  • Trading only in dematerialized form

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 INE884Q08309
  • Members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for complete details
  • Any clarifications should be directed to BSE debt department at contact numbers: 22728352/8597/8995/5753/8915

Important Dates

  • Date of Allotment: December 18, 2025
  • Listing Date: December 19, 2025
  • Redemption Date: December 18, 2030
  • No interest payment dates (zero-coupon structure)

Impact Assessment

Minimal market impact. This is a routine private placement debt listing for a microfinance company. The securities have a moderate credit rating (BBB+/Negative) and are structured as zero-coupon bonds with a 5-year maturity. The listing provides additional debt market options for institutional investors but is unlikely to affect broader market dynamics. Trading members handling debt securities should note the new listing for their operations.

Impact Justification

Routine listing of private placement debt securities with limited market-wide impact. Standard informational circular for trading members.