| Issue Period : July 19, 2024 - August 1, 2024 |
Minimum Lot Size : 10 NCDs |
| Security Name : SMC Global Securities Limited |
Market Lot : 1 NCD |
| Security Type : Secured, Redeemable Non-Convertible Debentures (NCDs) |
Listing At : BSE, NSE |
| Base Issue Size : Rs 75.00 Crores |
Credit Rating : 'CRISIL A/Stable' by CRISIL Ratings Limited and 'ICRA A/Stable' by ICRA Limited |
| Oversubscription Size : Rs 75.00 Croress |
Tenor : 24, 36, and 60 Months |
| Overall Issue Size : Rs 150.00 Crores |
Series : Series I to VI |
| Issue Price : Rs 1000 per NCD |
Payment Frequency : Monthly, Annual, and Cumulative |
| Face Value : Rs 1000 each NCD |
Basis of Allotment : First Come First Serve Basis |
➔ NCD Rating :
The NCDs have received an 'A/Stable' rating from CRISIL for an amount of up to ₹17,500 Lakhs, and an 'A/Stable' rating from ICRA for an amount of up to ₹40,000 Lakhs, reflecting their stable outlook and strong credit quality.
➔ About the Company :
SMC Global Securities Limited, established in 1994, is a prominent player in the diversified financial services sector. The company offers a wide range of services including :
- (I) Brokerage services
- (II) Portfolio management services
- (III) Investment banking
- (IV) Asset management
- (V) Distribution of financial products
- (VI) Financing (NBFC)
- (VII) Insurance broking services
- (VIII) Real estate broking services
- (IX) Clearing and depository services
- (X) Fixed income securities
- (XI) Financial, mortgage, and credit advisory services
As of March 31, 2024, SMC Global Securities operates 188 branches, including an international branch in Dubai, and has 2,327 registered authorized persons spread across 437 cities in India.
Objectives of the Issue:
The net proceeds from the NCD issue will be utilized for the following purposes:
- (I) To meet the working capital requirements
- (II) For general corporate purposes
Conclusion :
SMC Global Securities Limited's NCD issue offers a reliable investment option with secured, redeemable debentures. With attractive ratings from CRISIL and ICRA and the company's established presence in the financial sector, this issue provides a stable investment opportunity for investors. The offering is available on a first come first serve basis, so interested investors should act promptly to secure their participation.
An integrated financial services group, offering a wide range of financial products and services to corporates, institutions, high-net worth individuals and retail investors.