Description

BSE announces listing of commercial paper from multiple companies including Navi Finserv, Kotak Mahindra Prime, Tata Steel, Bajaj Financial Securities, and Aditya Birla Housing Finance on the debt segment.

Summary

BSE has listed privately placed commercial paper securities from multiple companies on its debt market segment effective January 16, 2026. The circular provides details of fresh listings from Navi Finserv Limited, Kotak Mahindra Prime Limited, and Tata Steel Limited, as well as further listings from Bajaj Financial Securities Limited, Kotak Mahindra Prime Limited, and Aditya Birla Housing Finance Limited.

Key Points

  • All securities will be traded only in dematerialized form under specified ISIN numbers
  • Trading denomination: Rs. 5 lakhs standard and multiples thereof
  • Tick size: 1 paise
  • Market lot size: 1 unit
  • Securities include commercial paper with tenures ranging from approximately 1.5 months to 1 year
  • Interest rates range from 6.15% to 10.30% per annum
  • All instruments carry cumulative interest payment structure

Fresh Listings

  • Quantity: 400 units
  • Scrip Code: 730924 (NFL140126)
  • ISIN: INE342T14FJ1
  • Face Value: Rs. 500,000
  • Issue Price: Rs. 464,479.50
  • Interest Rate: 10.30% p.a.
  • Allotment Date: January 14, 2026
  • Redemption Date: October 12, 2026
  • Credit Rating: CARE A1
  • Issuing Agent: HDFC Bank Limited

Kotak Mahindra Prime Limited

  • Quantity: 4,000 units
  • Scrip Code: 730925 (KMPL16126)
  • ISIN: INE916D146K2
  • Face Value: Rs. 500,000
  • Issue Price: Rs. 466,157.00
  • Interest Rate: 7.28% p.a.
  • Allotment Date: January 16, 2026
  • Redemption Date: January 15, 2027
  • Credit Rating: CRISIL A1+, ICRA A1+
  • Issuing Agent: Kotak Mahindra Bank Ltd

Tata Steel Limited

  • Quantity: 5,000 units
  • Scrip Code: 730926 (TSL140126)
  • ISIN: INE081A14GN5
  • Face Value: Rs. 500,000
  • Issue Price: Rs. 493,760.50
  • Interest Rate: 6.15% p.a.
  • Allotment Date: January 14, 2026
  • Redemption Date: March 30, 2026
  • Credit Rating: ICRA A1+, IND A1+
  • Issuing Agent: HDFC Bank Limited

Further Listings

Bajaj Financial Securities Limited

  • Quantity: 1,000 units
  • Scrip Code: 730487 (BFSL31125)
  • ISIN: INE01C314DD3
  • Face Value: Rs. 500,000
  • Issue Price: Rs. 498,282.50
  • Interest Rate: 6.65% p.a.
  • Allotment Date: January 14, 2025
  • Redemption Date: February 3, 2026
  • Credit Rating: CRISIL A1+, IND A1+
  • Issuing Agent: ICICI Bank Limited

Kotak Mahindra Prime Limited (Second Issue)

  • Quantity: 500 units
  • Scrip Code: 730739 (KMP101225)
  • ISIN: INE916D146I6
  • Face Value: Rs. 500,000
  • Issue Price: Rs. 469,504.50
  • Interest Rate: 7.25% p.a.
  • Allotment Date: January 16, 2026
  • Redemption Date: December 9, 2026
  • Credit Rating: CRISIL A1+, ICRA A1+
  • Issuing Agent: Kotak Mahindra Bank Ltd

Aditya Birla Housing Finance Limited

  • Details mentioned but content truncated in source

Regulatory Changes

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

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form
  • Trading must be conducted in standard denomination of Rs. 5 lakhs and multiples thereof
  • Trading members should use the specified ISIN numbers and scrip codes for trading
  • For clarifications, trading members may contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Effective Date: January 16, 2026 (trading admission date)
  • Allotment Dates: January 14, 2026 and January 16, 2026 (varies by issuer)
  • Redemption Dates: Range from February 3, 2026 to January 15, 2027

Impact Assessment

Market Impact: Low - This is a routine listing notification for debt market participants. The listing of commercial paper provides short-term funding options for the issuing companies and investment opportunities for debt market investors.

Operational Impact: Low - Standard operational procedures apply for trading these instruments on the BSE debt segment.

Investor Impact: Provides debt investment opportunities with varying risk-return profiles based on credit ratings (A1 to A1+) and interest rates (6.15% to 10.30% p.a.). The instruments offer relatively short-term investment horizons suitable for money market participants.

Impact Justification

Routine listing notification for commercial paper on debt segment affecting only debt market participants