Description

BSE announces listing of 7 privately placed debt securities from Manappuram Finance, Keertana Finserv, MCIBPL, Finnable Credit, Finkurve Financial Services, and MAS Financial Services on the debt market segment effective January 1, 2026.

Summary

BSE has listed 7 new privately placed debt securities on its debt market segment effective January 1, 2026. The securities are from Manappuram Finance Limited, Keertana Finserv Limited, Marwadi Chandarana Intermediaries & Brokers Private Limited, Finnable Credit Private Limited (2 issues), Finkurve Financial Services Limited, and MAS Financial Services Limited. All securities will trade in dematerialized form only with a tick size of 1 paise.

Key Points

  • 7 new debt securities listed on BSE Debt Segment effective January 1, 2026
  • All securities issued on private placement basis
  • Trading permitted only in dematerialized form under assigned ISIN numbers
  • Tick size set at 1 paise for all securities
  • Interest rates range from 0% (zero coupon) to 11.80% p.a.
  • Redemption periods vary from July 2027 to April 2029
  • Credit ratings range from CRISIL A to CRISIL AA/Stable

Regulatory Changes

No regulatory changes introduced. This is a standard listing announcement for privately placed debt instruments.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Trading must be conducted under the specific ISIN numbers assigned to each security
  • Tick size of 1 paise must be observed for all listed securities
  • For clarifications, trading members may contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Effective Date: January 1, 2026 - Securities admitted to trading
  • Allotment Dates: December 30-31, 2025
  • First Interest Payment Dates: Range from January 26, 2026 to March 30, 2026 depending on security
  • Redemption Dates: Range from July 7, 2027 to April 30, 2029

Impact Assessment

Minimal market impact. This is a routine administrative announcement for debt market participants. The listing provides additional investment options in the debt segment but does not affect equity markets or broader trading operations. Impact limited to debt market traders and institutional investors dealing with these specific issuers.

Debt Securities Details

1. Manappuram Finance Limited (MPFL)

  • Scrip Code: 977421 | ISIN: INE522D07CJ3
  • Quantity: 50,000 | Face Value: ₹100,000
  • Interest Rate: 8.15% p.a. (Annually)
  • Redemption: December 30, 2027
  • Rating: CRISIL AA/Stable

2. Keertana Finserv Limited (KFL)

  • Scrip Code: 977423 | ISIN: INE0NES07295
  • Quantity: 3,500 | Face Value: ₹100,000
  • Interest Rate: 11.5% p.a. (Quarterly)
  • Redemption: March 28, 2029
  • Rating: IND BBB+/Stable

3. Marwadi Chandarana Intermediaries & Brokers Pvt Ltd (MCIBPL)

  • Scrip Code: 977424 | ISIN: INE0K0Y08037
  • Quantity: 15,000 | Face Value: ₹100,000
  • Interest Rate: Zero Coupon
  • Redemption: December 31, 2027
  • Rating: CRISIL A/STABLE

4. Finnable Credit Private Limited (FCPL) - Issue 1

  • Scrip Code: 977425 | ISIN: INE14H407090
  • Quantity: 2,000 | Face Value: ₹100,000
  • Interest Rate: 11.75% p.a. (Monthly)
  • Redemption: June 30, 2028
  • Rating: CARE BBB+/Stable

5. Finnable Credit Private Limited (FCPL) - Issue 2

  • Scrip Code: 977426 | ISIN: INE14H407108
  • Quantity: 2,000 | Face Value: ₹100,000
  • Interest Rate: 11.80% p.a. (Monthly)
  • Redemption: April 30, 2029
  • Rating: CARE BBB+/Stable

6. Finkurve Financial Services Limited (FFSL)

  • Scrip Code: 977427 | ISIN: INE734I07065
  • Quantity: 35,000 | Face Value: ₹10,000
  • Interest Rate: 11.16% p.a. (Monthly)
  • Redemption: July 7, 2027
  • Rating: CRISIL BBB/Stable

7. MAS Financial Services Limited

  • Quantity: 10,000
  • (Additional details truncated in source content)

Impact Justification

Routine listing of privately placed debt instruments with no impact on equity markets or trading regulations