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NCD Status: Closed [19th Jul 2024 to 1st Aug 2024]
SMC Global Securities Limited is issuing secured and redeemable NCDs with a base issue size of Rs 75.00 Cr and Oversubscription issue size of Rs 75.00 Cr. The subscription period is opening from 19 July to 1 Aug 2024 and the company is issuing Series I to VI at an issue price of Rs. 1000 per NCD. The lot size of NCD is about of 10 lots , so the total cost for NCD is Rs 10,000. The face value of each NCD is Rs. 1000. The tenure of the NCDs are 24, 36 and 60 months with a coupon rate of 9.94% to 10.40% per annum.
Learn more about SMC Global Securities Limited including credit rating, coupon rates for each series, basis of allotment, payment frequency and more.
| NCD Opening Date: | 19th Jul 2024 |
| NCD Closing Date: | 1st Aug 2024 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹75.00Cr |
| Issue Size (Shelf): | |
| Face Value: | Rs 1000 each NCD |
| Issue Price: | Rs 1000 per NCD |
| Market Lot: | 1 NCD |
| Min Order Qty: | 10 NCD |
| Min Order Amount: | Rs 10000 |
| Listing at: | BSE, NSE |
| Tenor: | 24, 36, and 60 Months |
| Rating: | CRISILA/Stable by CRISIL Ratings Limited and [ICRA] (A Stable) by ICRA Limited. |
| Series: | Series I to VI |
| Payment Frequency: | Monthly, Annual and Cumulative |
| Basis of Allotment: | |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 19th Jul 2024 |
| NCD Issue Close | 1st Aug 2024 |
| BSE Code: | 3514 |
| BSE Script Symbol: | SMCG01 |
| NSE Code: | SMCG01 |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 75000 | 10% |
| Non-Institutional | 187500 | 25% |
| HNI | 187500 | 25% |
| Retail | 300000 | 40% |
Established in December 1994, SMC Global Securities Limited is a well diversified financial services company in India providing services in the areas of brokerage (for equities (cash and derivatives), commodities and foreign exchange), investment banking, asset management, third party distribution of financial products, research, financing, custody, insurance broking services and clearing services to corporate, institutional, high net worth and other retail clients.
They serve corporate, institutional, high net worth and other retail clients with a wide range of products and services. They offer brokerage and commission products and services for various asset classes such as equities, commodities and foreign exchange, as well as other services such as custody services, clearing services, insurance brokerage services and distribution of third-party financial products. In addition, they offer their clients advisory services in the areas of investment banking, research and asset management.
They believe that they are among the leading financial institutions in India in the field of brokerage and distribution of financial products. They believe that their ability to identify emerging trends in the Indian capital markets sector and create business lines and service offerings based on these trends has given us a competitive advantage over other participants in the industry.
SMC Global Securities Limited's revenue increased by 35.32% and profit after tax (PAT) rose by 56.38% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 |
| Amount in ₹ Crore | |||
The company intends to utilize the Net Proceeds from the issue towards the following objectives:
SMC Global Securities Limited NCD 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.) | Rs 1,000.00 | Rs 1,210.00 | Rs 1,000.00 | Rs 1,338.27 | Rs 1,000.00 | Rs 1,000.00 |
Subhash Chand Aggarwal; Mahesh C Gupta; Sushma Gupta; and Damodar Krishan Aggarwal are the company's promoters.
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.
Last Updated on 2024-08-12T04:32:49+00:00
