July 18, 2024
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SMC Global Securities NCD 2024 Detail & Guidance
NCD Issue Opens on 19 July 2024
NCD Issue Closes on 1 August 2024
# NCD Guidance is given at the bottom of the post
About SMC Global Securities
Established in 1994, SMC Global Securities operates a diversified financial services model encompassing brokerage services, portfolio management, investment banking, wealth management, financial product distribution, NBFC financing, insurance broking, real estate brokerage, clearing and depository services, fixed income securities, and mortgage advisory. As of March 31, 2024, it serves clients through 188 branches nationwide, including an international branch in Dubai, and 2,327 registered Authorized Persons spanning 437 cities across India.
The company went public in 1995, listing its equity shares on the NSE and BSE. Over the years, SMC Global has expanded its offerings into several categories:
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Broking, Distribution, and Trading: This includes brokerage for shares, commodities, currency, derivatives, and other securities, proprietary trading, clearing and depository services, third-party financial product distribution, fund and portfolio management, real estate broking, mortgage advisory, and investment banking services.
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Insurance Broking Services: Offering brokerage in both life and non-life insurance products.
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Financing (NBFC): Providing loans and financial services.
SMC Global Securities has continuously evolved its services to meet diverse financial needs, maintaining a robust presence in India’s financial markets while expanding internationally. This strategic approach underscores its commitment to comprehensive financial solutions and client satisfaction.
Get more details about the company @ https://smcindiaonline.com/
NCD Promoter:
Subhash Chand Aggarwal; Mahesh C Gupta; Sushma Gupta; and Damodar Krishan Aggarwal are the company’s promoters
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 Rs.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 Rs.40,000 Lakhs.
SMC Global Securities NCD 2024 Detail |
|
| 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) | Rs 75.00 Crores |
| Issue Size (Oversubscription) | Rs 75.00 Crores |
| Overall Issue Size | Rs 150.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 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. |
| NCD Allocation Ratio | |
| Category | NCD’s Allocated |
| Institutional | 10% |
| Non-Institutional | 25% |
| HNI | 25% |
| Retail | 40% |
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 |
SMC Global Securities NCD 2024 Details & Guidance
Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- To meet the working capital requirements.
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General corporate purposes.
.
SMC Global Securities NCD 2024 Financial Information (Restated)
| Company Financials | |||
| SMC Global Securities Limited Financial Information (Restated Consolidated) | |||
| Period Ended | March 31,2024 |
March 31,2023 | March 31,2022 |
| 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 | 120.4 | 174.57 |
| Net Worth | 1,095.73 | 932.73 | 926.1 |
| Amount in Rs Crore | |||
Address of the Company
SMC Global Securities Limited
11/6B, Shanti Chamber,
Pusa Road,
New Delhi -110 005
NCD Lead Managers
Corporate Professionals Capital Pvt Ltd
NCD Registrar
Link Intime India Private Ltd
SMC Global Securities NCD 2024 Detail
Subscription Status on July 19, 2024, 5.00 pm
| Category | Subscription |
| Retail | 0.00 X |
| HNI | 0.00 X |
| Non-Institutional | 0.00 X |
| Institutional | 0.00 X |
| Total | 0.00 X |
SMC Global Securities NCD 2024 Detail
SMC Global Securities NCD 2024 Guidance:
1. Established in 1994, SMC Global Securities operates a diversified financial services model encompassing brokerage services, portfolio management, investment banking, wealth management, financial product distribution, NBFC financing, insurance broking, real estate brokerage, clearing and depository services, fixed income securities, and mortgage advisory.
2. The NCDs have been rated rated ‘CRISILA/Stable’ (pronounced as CRISIL A rating with Stable outlook) by CRISIL Ratings Limited for an amount of up to Rs.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 Rs.40,000 Lakhs.
3. Coupon rates are very attractive.
4. Looking to the Risk/Reward ratio, small investment in this NCD can be made.
