SMC Global Securities NCD opens for subscription on 19 July 2024. The company aims for a base issue size of ₹75 Crores.
About the company
SMC Global Securities Limited was founded in 1994 and offers diversified financial services. The company offers brokerage services, portfolio management services, investment banking, asset management, distribution of financial products, financing (NBFC), insurance broking services, real estate broking services, clearing and depository services, fixed income securities, financial, mortgage and credit advisory services. As of March 31, 2024, the company had a network of 188 branches, including an international branch in Dubai, and 2,327 registered authorised persons in 437 cities across India
Objectives of the Issue
- To meet the working capital requirements.
- General corporate purposes.
SMC Global Securities NCD Details
| Issue Open | July 19, 2024 – August 1, 2024 |
| Security Name | SMC Global Securities Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | ₹ 75.00 Crores |
| Issue Size (Oversubscription) | ₹ 75.00 Crores |
| Overall Issue Size | ₹ 150.00 Crores |
| Issue Price | ₹ 1000 per NCD |
| Face Value | ₹ 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE, NSE |
| Credit Rating | CRISILA/Stable by CRISIL Ratings Limited and [ICRA] (A Stable) by ICRA Limited. |
| Tenor | 24, 36, and 60 Months |
| Series | Series I to VI |
| Payment Frequency | Monthly, Annual and Cumulative |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Idbi Trusteeship Services Ltd. |
SMC Global Securities NCD Options and Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 | Series 6 |
|---|---|---|---|---|---|---|
| Frequency of Interest Payment | Annual | Cumulative | Annual | Cumulative | Monthly | Annual |
| Nature | Secured | Secured | Secured | Secured | Secured | Secured |
| Tenor | 24 Months | 24 Months | 36 Months | 36 Months | 60 Months | 60 Months |
| Coupon (% per Annum) | 10.00% | NA | 10.20% | NA | 9.94% | 10.40% |
| Effective Yield (% per Annum) | 10.00% | 10.00% | 10.20% | 10.20% | 10.40% | 10.40% |
| Amount on Maturity (In Rs.) | ₹ 1,000.00 | ₹ 1,210.00 | ₹ 1,000.00 | ₹ 1,338.27 | ₹ 1,000.00 | ₹ 1,000.00 |
SMC Global Securities NCD Rating
The NCDs proposed to be issued under this Issue have been rated ‘CRISILA/Stable’ (pronounced as CRISIL A rating with Stable outlook) by CRISIL Ratings Limited for an amount of up to ₹17,500 Lakhs, and rated ‘[ICRA] (A Stable)’ (pronounced as ICRA A rating with a stable outlook) by ICRA Limited for an amount of up to ₹40,000 Lakhs.
Company Financials
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 4,746.59 | 3,307.04 | 2,942.50 |
| Revenue | 1,645.04 | 1,215.65 | 1,120.82 |
| Profit After Tax | 188.28 | 120.40 | 174.57 |
| Net Worth | 1,095.73 | 932.73 | 926.10 |
SMC Global Securities NCD Allocation Ratio
NCD’s Offered by Category
| Category | NCD’s Reserved |
|---|---|
| Institutional | 75,000 |
| Non-Institutional | 187,500 |
| HNI | 187,500 |
| Retail | 300,000 |
| Total NCD’s | 750,000 |
Company Promoters
- Subhash Chand Aggarwal
- Mahesh C Gupta
- Sushma Gupta
- Damodar Krishan Aggarwal
SMC Global Securities NCD Lead Manager
- Corporate Professionals Capital Private Ltd
SMC Global Securities Registrar
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: smcglobal.ncd2024@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Company Contact Details
SMC Global Securities Limited
11/6B, Shanti Chamber,
Pusa Road,
New Delhi -110 005
Phone: +91-11-30111000
Email: smcncd@smcindiaonline.com
Website: https://smcindiaonline.com/
SMC Global Securities NCD Allotment Status
Final Thoughts
Non-convertible debentures (NCDs) are a better investment option for those seeking a diversified portfolio. investing in SMC Global Securities NCD is purely your personal choice. make a good study and analysis before you make the investment decision.
Happy Investing
