Description

BSE announces listing of privately placed debt securities from multiple companies including Manappuram Finance Limited, Keertana Finserv Limited, and others, now admitted to trading on BSE Debt Segment.

Summary

BSE has listed multiple privately placed debt securities on its Debt Segment effective January 1, 2026. The notice covers fresh listings from six companies: Manappuram Finance Limited, Keertana Finserv Limited, Marwadi Chandarana Intermediaries Brokers Private Limited, Finnable Credit Private Limited (two series), and Finkurve Financial Services Limited. All securities will trade in dematerialized form with a tick size of 1 paise.

Key Points

  • Six new debt securities from multiple issuers admitted to trading on BSE Debt Segment
  • All securities to be traded only in dematerialized form under specified ISIN numbers
  • Tick size set at 1 paise for all listed securities
  • Trading members can contact debt department at 22728352/8597/8995/5753/8915 for clarifications
  • Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx

Listed Securities Details

Manappuram Finance Limited (MPFL)

  • Scrip Code: 977421 | ISIN: INE522D07CJ3
  • Quantity: 50,000 | Face Value: ₹1,00,000
  • Interest Rate: 8.15% p.a. (Annually)
  • Allotment: December 30, 2025 | Redemption: December 30, 2027
  • Credit Rating: CRISIL AA/Stable

Keertana Finserv Limited (KFL)

  • Scrip Code: 977423 | ISIN: INE0NES07295
  • Quantity: 3,500 | Face Value: ₹1,00,000
  • Interest Rate: 11.5% p.a. (Quarterly)
  • Allotment: December 30, 2025 | Redemption: March 28, 2029
  • Credit Rating: IND BBB+/Stable

Marwadi Chandarana Intermediaries Brokers Private Limited (MCIBPL)

  • Scrip Code: 977424 | ISIN: INE0K0Y08037
  • Quantity: 15,000 | Face Value: ₹1,00,000
  • Interest Rate: Zero Coupon (ZC)
  • Allotment: December 31, 2025 | Redemption: December 31, 2027
  • Credit Rating: CRISIL A/STABLE

Finnable Credit Private Limited (FCPL) - Series 1

  • Scrip Code: 977425 | ISIN: INE14H407090
  • Quantity: 2,000 | Face Value: ₹1,00,000
  • Interest Rate: 11.75% p.a. (Monthly)
  • Allotment: December 31, 2025 | Redemption: June 30, 2028
  • Credit Rating: CARE BBB+/Stable

Finnable Credit Private Limited (FCPL) - Series 2

  • Scrip Code: 977426 | ISIN: INE14H407108
  • Quantity: 2,000 | Face Value: ₹1,00,000
  • Interest Rate: 11.80% p.a. (Monthly)
  • Allotment: December 31, 2025 | Redemption: April 30, 2029
  • Credit Rating: CARE BBB+/Stable

Finkurve Financial Services Limited (FFSL)

  • Scrip Code: 977427 | ISIN: INE734I07065
  • Quantity: 35,000 | Face Value: ₹10,000
  • Interest Rate: 11.16% p.a. (Monthly)
  • Allotment: December 31, 2025 | Redemption: July 7, 2027
  • Credit Rating: CRISIL BBB/Stable

Regulatory Changes

No regulatory changes announced. This is a standard listing notification for privately placed debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Securities to be traded under the specified ISIN numbers and scrip codes
  • Market lot for all securities is 1 unit
  • Put/call options as per respective Disclosure Documents

Important Dates

  • Effective Date: January 1, 2026 (listing and trading commencement)
  • Allotment Dates: December 30-31, 2025
  • Redemption Dates: Range from July 7, 2027 to April 30, 2029 (varies by security)
  • Interest Payment Start: January 26, 2026 to March 30, 2026 (varies by security)

Impact Assessment

This is a routine administrative circular with minimal market impact. The listing adds liquidity to the debt market segment for institutional and qualified investors trading privately placed securities. The securities are already allotted and this notification merely enables secondary market trading on BSE’s debt platform. No impact on equity markets or general retail investors.

Impact Justification

Routine listing of privately placed debt securities on debt segment with limited impact on equity markets