Description

NSE announces listing of commercial paper securities from multiple issuers including Mahindra Finance, Axis Securities, Godrej Industries, and others on the debt market segment effective January 23, 2026.

Summary

The National Stock Exchange has admitted privately placed commercial paper securities from eight companies to dealings on the Debt Market Segment effective January 23, 2026. The circular includes fresh issues from Mahindra & Mahindra Financial Services, Axis Securities, Godrej Industries, EPL Limited, IIFL Finance, Motilal Oswal Financial Services, JM Financial Services, and Aditya Birla Money, along with re-issues from Axis Securities and Blue Star Limited.

Key Points

  • 8 fresh commercial paper issues listed with face values of ₹5 lakh each
  • Total fresh issue quantity: 28,400 securities (₹1,420 crore aggregate face value)
  • Maturity periods range from 52 days (ABML) to 364 days (IIFL, MOFS, JFSL)
  • All securities allotted on January 22-23, 2026
  • 2 re-issues also listed (Axis Securities and Blue Star Limited)
  • Security codes and ISIN numbers assigned for each instrument
  • Listing effective from January 23, 2026

Fresh Issues Details

Mahindra & Mahindra Financial Services Limited

  • Quantity: 6,000 securities (₹300 crore)
  • Issue Price: ₹491,484
  • Maturity: April 23, 2026 (90 days)
  • ISIN: INE774D14TI2

Axis Securities Limited

  • Quantity: 10,000 securities (₹500 crore)
  • Issue Price: ₹490,863.50
  • Maturity: April 20, 2026 (88 days)
  • ISIN: INE110O14HI1

Godrej Industries Limited

  • Quantity: 1,500 securities (₹75 crore)
  • Issue Price: ₹487,945.50
  • Maturity: May 29, 2026 (127 days)
  • ISIN: INE233A146N5

EPL Limited

  • Quantity: 1,200 securities (₹60 crore)
  • Issue Price: ₹491,397
  • Maturity: April 22, 2026 (90 days)
  • ISIN: INE255A14726

IIFL Finance Limited

  • Quantity: 3,000 securities (₹150 crore)
  • Issue Price: ₹458,819.50
  • Maturity: January 21, 2027 (364 days)
  • ISIN: INE530B14GL3

Motilal Oswal Financial Services Limited

  • Quantity: 2,000 securities (₹100 crore)
  • Issue Price: ₹463,177
  • Maturity: January 22, 2027 (365 days)
  • ISIN: INE338I14LP7

JM Financial Services Limited

  • Quantity: 2,700 securities (₹135 crore)
  • Issue Price: ₹46,082.50 (likely ₹460,825)
  • Maturity: January 22, 2027 (365 days)
  • ISIN: INE012I14SG2

Aditya Birla Money Limited

  • Quantity: 2,000 securities (₹100 crore)
  • Issue Price: ₹494,749
  • Maturity: March 16, 2026 (52 days)
  • ISIN: INE865C14PF4

Re-Issues

Axis Securities Limited (Additional)

  • Quantity: 3,000 securities
  • Issue Price: ₹490,965.50
  • Allotment: January 23, 2026
  • Maturity: April 20, 2026

Blue Star Limited

  • Quantity: 2,000 securities
  • Issue Price: ₹493,926.50
  • Allotment: January 23, 2026
  • Maturity: March 30, 2026

Regulatory Framework

Listing admitted pursuant to Regulation 3.1.1 of the National Stock Exchange Debt Market (Trading) Regulations.

Compliance Requirements

No specific compliance actions required from members. This is an informational circular notifying members of newly listed debt securities available for trading on the debt segment.

Important Dates

  • Effective Date: January 23, 2026
  • Allotment Dates: January 22-23, 2026
  • Maturity Dates: Range from March 16, 2026 to January 22, 2027

Impact Assessment

This is a routine listing notification for the debt market segment with no impact on equity trading or retail investors. The circular provides transparency about newly available debt instruments for institutional investors participating in the commercial paper market. These private placements represent short-term funding arrangements by various financial and non-financial companies.

Impact Justification

Routine listing notification for privately placed commercial paper securities with no market-wide implications or trading impact for equity investors