SMC Global Securities NCD: All Important Details Discussed

SMC Global Securities NCD issue is open on Friday, July 19, 2024 and will close on Thursday, August 1, 2024. It is a Secured, Redeemable, Non-Convertible Debenture. The base issue size is 75 crore, and the oversubscription issue size remains 75 crore. 

SMC Global Securities NCD issue price is Rs 1000 per NCD, and the face value is Rs 1000 for each NCD. The minimum lot size is 10 NCD. Allotment is on a first-come, first-served basis. The debenture Trustee is Idbi Trusteeship Limited. The listing is at BSE and NSE, and the tenor is 24, 36, or 60 months. 

Corporate Professionals Capital Private Limited is the lead manager of SMC Global Securities Limited NCD. Link Intime India Limited is the registrar of this IPO issue. 

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SMC Global Securities NCD: About the Company

SMC Global Securities Limited was founded in 1994 and offers diversified financial services. SMC Global 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 SMC had a network of 188 branches, including an international branch in Dubai, and 2,327 registered authorised persons in 437 cities across India.

SMC Global Securities NCD: Objectives 

The company will use the funds to meet the day-to-day capital needs for the proper functioning of the company. Other than this general corporate purposes will also be fulfilled.

SMC Global Securities NCD: Important Details

SMC Global Securities NCD: Coupon Rates

SMC Global Securities NCD: Financial Metrics (Amt in Rs Crore)

SMC Global Securities Limited posted a revenue of Rs 1,645.04 crore and net profit of Rs 188.28 crore for the period ended on 31 Mar 2024. The revenue increased by 35.32% and PAT increased by 56.38% between the FY ending on 31 March 2024 and 31 March 2023.

SMC Global Securities NCD Rating 

The SMC Global Securities Limited NCD Issue have been rated 'CRISILA/Stable' by CRISIL Ratings Limited for an amount of up to Rs 17,500 Lakhs, and rated '[ICRA] (A Stable) by ICRA Limited for an amount of up to Rs 40,000 Lakhs.

NCD Allocation Ratio

For the institutional category NCD allocation is 10%, for non-institutional 25%, HNI 25% and for retail is 40%. 

FAQs

1. When will the SMC Global Securities Limited NCD be open for subscription?

SMC Global Securities Limited NCD issue is open on Friday, July 19, 2024 and will close on Thursday, August 1, 2024. 

2. What is the issue size and price of the NCD?

The base issue size is Rs 75 crore, and the oversubscription issue size remains Rs 75 crore. The overall issue size is Rs 150 crore. 

3. What are the main objectives of the SMC Global Securities Limited NCD?

The company will use the funds to meet the day-to-day capital needs for the proper functioning of the company. Other than this general corporate purposes will also be fulfilled.

4. What types of financial services does SMC Global Securities offer?

SMC Global Securities Limited offers brokerage services, portfolio management services, investment banking, asset management, distribution of financial products, financing, insurance broking services, real estate broking services, clearing and depository services, fixed income securities, financial, mortgage and credit advisory services. 

5. How can I apply for the SMC Global Securities Limited NCD ?

Wait for the NCD to open for subscription, then click here to apply for the SMC Global Securities Limited NCD. 

6. How can I check the allotment status of the NCD?

The SMC Global Securities Limited NCD registrar is. Link Intime India Private Limited. To check your allotment status, please click here. 

7. What are the tenors and effective yields for the NCD?

The NCDs offer tenors of 24, 36, 60 months with effective yield varying from 10% to 10.50% from Series 1 to Series 6. 

8. Who is the lead manager for the SMC Global Securities Limited NCD?

Corporate Professionals Capital Private Limited are the lead managers for the SMC Global Securities Limited NCD. 

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