Description

BSE announces listing and admission to trading of zero coupon debt securities issued by Midland Microfin Limited on private placement basis, effective December 19, 2025.

Summary

BSE has listed and admitted to trading new debt securities issued by Midland Microfin Limited on a private placement basis, effective December 19, 2025. The securities are zero coupon bonds with a 5-year maturity period, rated CARE BBB+/Negative, and will trade exclusively in dematerialized form on the BSE Debt segment.

Key Points

  • Quantity: 2,000 securities issued
  • Face Value and Issue Price: Rs. 100,000 per security
  • ISIN: INE884Q08309
  • Scrip Code: 977386, Scrip ID: 0MML30
  • Security Name: MML-0%-18-12-30-PVT
  • Interest Rate: Zero Coupon (no periodic interest payments)
  • Credit Rating: CARE BBB+/Negative outlook
  • Market Lot: 1 unit
  • Tick Size: 1 paise
  • Put Option: Available as per Key Information Document (KID)
  • Trading Mode: Dematerialized form only

Regulatory Changes

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

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
  • Queries may 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 (effective immediately)
  • Date of Redemption: December 18, 2030 (5-year maturity)
  • Interest Payment Dates: Not applicable (zero coupon securities)

Impact Assessment

Market Impact: Minimal. This is a routine private placement debt listing affecting only investors in Midland Microfin’s debt securities. The zero coupon structure means no periodic cash flows, with returns realized at maturity or through secondary market trading.

Investor Impact: Low to moderate for debt market participants. The CARE BBB+/Negative rating indicates moderate credit quality with some concerns reflected in the negative outlook. The put option provides investors with downside protection. Total issue size of Rs. 20 crores (2,000 securities × Rs. 100,000) represents a relatively small debt issuance.

Operational Impact: None for equity market participants. Debt traders should note the tick size of 1 paise and market lot of 1 unit for order placement.

Impact Justification

Routine debt security listing notice for private placement with limited market-wide impact, relevant primarily to debt market participants and investors in Midland Microfin securities