Description

BSE announces listing of privately placed debt securities from multiple issuers including Manappuram Finance, Keertana Finserv, and others effective January 1, 2026.

Summary

BSE has listed new privately placed debt securities on its debt market segment effective January 1, 2026. The securities are from six issuers: 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 instruments listed on BSE Debt Segment effective January 1, 2026
  • All securities issued on private placement basis
  • Trading only in dematerialized form under specific ISIN numbers
  • Tick size: 1 paise for all securities
  • Face values range from Rs. 10,000 to Rs. 100,000
  • Interest rates range from 8.15% p.a. to 11.80% p.a. (one zero-coupon bond)
  • Maturity dates between 2027 and 2029
  • Credit ratings from CRISIL, IND, and CARE rating agencies

Regulatory Changes

No regulatory changes. This is a routine listing notification.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Reference ISIN numbers as specified for each security
  • For clarifications, contact BSE debt department at 22728352/8597/8995/5753/8915
  • Refer to Placement Memorandum at https://www.bseindia.com/markets/debt/memorandum_data.aspx for further details

Important Dates

  • Listing Date: January 1, 2026
  • Allotment Dates: December 30-31, 2025
  • First Interest Payment Dates: Range from January 26, 2026 to March 30, 2026
  • Redemption Dates: Between July 7, 2027 and April 30, 2029

Impact Assessment

Minimal market impact. This is a standard operational listing of privately placed debt securities. The listing enhances liquidity options for holders of these instruments but does not affect broader market operations. Trading members gain access to six new debt instruments with varying credit profiles (AA to BBB+ ratings) and interest payment frequencies (monthly, quarterly, annually). The securities cater to institutional and qualified investors in the private placement debt market.

Impact Justification

Routine listing announcement of privately placed debt securities with limited impact on secondary market trading