Description

NSE lists 6 new privately placed debt securities from Maithon Power, IFL Finance, Hero FinCorp, and Muthoot Finance on capital market segment effective November 24, 2025.

Summary

NSE has admitted 6 new privately placed debt securities to dealings on the Capital Market segment effective November 24, 2025. The securities include bonds from Maithon Power Limited (3 issues), IFL Finance Limited (1 issue), Hero FinCorp Limited (1 issue), and Muthoot Finance Limited (1 issue). All securities have a market lot size of 1 and will be traded in the N0 series.

Key Points

  • 6 new privately placed debt securities listed on NSE Capital Market segment
  • Securities from 4 issuers: Maithon Power (3), IFL Finance (1), Hero FinCorp (1), Muthoot Finance (1)
  • All securities have market lot size of 1 unit
  • Trading effective from November 24, 2025
  • Coupon rates range from 7.12% to 12.25%
  • Maturity dates span from November 2027 to January 2036

Securities Details

Maithon Power Limited

  1. MPL 7.12% 2028 Sr I (Symbol: 712MPL28)

    • ISIN: INE082G08012
    • Coupon: 7.12%
    • Maturity: November 17, 2028

  2. MPL 7.25% 2029 Sr II (Symbol: 725MPL29)

    • ISIN: INE082G08020
    • Coupon: 7.25%
    • Maturity: November 19, 2029

  3. MPL 7.32% 2030 Sr III (Symbol: 732MPL30)

    • ISIN: INE082G08038
    • Coupon: 7.32%
    • Maturity: November 19, 2030

IFL Finance Limited (Formerly IFL Housing Finance Limited)

  • IFL 12.25% 2027 (Symbol: 1225IFL27)
    • ISIN: INE01XO07017
    • Coupon: 12.25%
    • Maturity: November 18, 2027

Hero FinCorp Limited

  • HFL 9.10% 2036 Sr 74 (Symbol: 910HFL36)
    • ISIN: INE957N08201
    • Coupon: 9.10%
    • Maturity: January 18, 2036

Muthoot Finance Limited

  • MFL 8.03% 2031 OP II (Symbol: 803MFL31)
    • ISIN: INE414G07JT0
    • Coupon: 8.03%
    • Maturity: January 20, 2031

Regulatory Framework

  • Listing pursuant to Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A
  • Lot sizes specified under Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A
  • Securities identified by designated codes for trading system purposes

Compliance Requirements

  • Market participants must use designated security codes for trading
  • Trading must be conducted in specified lot sizes (1 unit for all listed securities)
  • Securities will trade in N0 series on Capital Market segment

Important Dates

  • Circular Date: November 21, 2025
  • Effective Date: November 24, 2025
  • Trading Commencement: November 24, 2025

Impact Assessment

This is a routine administrative listing of privately placed debt securities with minimal market-wide impact. The listing provides additional debt investment options for institutional and qualified investors. The securities span various maturity profiles (2027-2036) and offer coupon rates ranging from 7.12% to 12.25%, reflecting different issuer credit profiles and market conditions. The higher coupon rate on IFL Finance securities (12.25%) suggests higher risk-return profile compared to Maithon Power securities (7.12%-7.32%).

Impact Justification

Routine listing of privately placed debt securities with limited market-wide impact, relevant primarily to debt market participants and the specific issuers