Description
NSE admits three privately placed debt securities to dealings on its capital market segment effective March 02, 2026, covering bonds from Profectus Capital, IFL Finance, and Sundaram Finance.
Summary
NSE has notified the admission of three privately placed debt securities to dealings on its Capital Market Segment effective March 02, 2026, pursuant to Regulation 3.1.1 of the National Stock Exchange (Capital Market) Trading Regulations Part A. The securities are issued by Profectus Capital Private Limited, IFL Finance Limited, and Sundaram Finance Limited, all maturing in 2028.
Key Points
- Three debt securities admitted to NSE Capital Market Segment with effect from March 02, 2026
- All securities carry a market lot size of 1 under Series N0
- Coupon rates range from 7.24% to 11.80% per annum
- All three instruments mature in 2028 (February or earlier)
- Securities must be identified solely by their designated codes for trading purposes
- Lot sizes are as specified in the Annexure per Regulation 2.5.5
Regulatory Changes
No new regulatory changes introduced. This circular operationalises existing provisions under:
- Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A — admission of securities to dealings
- Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A — lot size specifications
Compliance Requirements
- All NSE members must use the designated security codes (symbols) when trading these instruments
- Trading must be conducted in the specified lot sizes (market lot: 1 for all three securities)
- Members should update their systems to recognise the new symbols effective March 02, 2026
Important Dates
- Circular Date: February 27, 2026
- Effective Date (trading commencement): March 02, 2026
- Maturity — Profectus Capital (9PCPL28B): February 26, 2028
- Maturity — IFL Finance (1180IFL28): February 26, 2028
- Maturity — Sundaram Finance (724SFL28): February 14, 2028
Impact Assessment
| Company | Symbol | Coupon | Maturity | ISIN |
|---|---|---|---|---|
| Profectus Capital Private Limited | 9PCPL28B | 9.00% | 26-Feb-2028 | INE389Z07112 |
| IFL Finance Limited | 1180IFL28 | 11.80% | 26-Feb-2028 | INE01XO07041 |
| Sundaram Finance Limited | 724SFL28 | 7.24% | 14-Feb-2028 | INE660A07SC8 |
This is a routine operational listing circular with low broad market impact. The admission provides liquidity and secondary market access for holders of these privately placed bonds. Sundaram Finance (a publicly listed NBFC) carries higher investor recognition; its 7.24% bond reflects investment-grade pricing. IFL Finance’s 11.80% coupon indicates a higher-risk profile relative to peers. Members dealing in debt instruments should update their trading systems prior to March 02, 2026.
Impact Justification
Routine admission of three privately placed debt instruments to NSE capital market segment. Limited market-wide impact; relevant only to participants trading these specific bond instruments.