SMC Global Securities Limited NCD
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
SMC Global Securities Limited NCD Details:
| Issuer | SMC Global Securities Limited |
| Instrument | Secured, Rated, Listed, Redeemable Non-Convertible Debentures |
| Issuance Schedule* | The issue shall be open from Friday, 19th July 2024 to Thursday, 1st August 2024 |
| Issue Size | Base Issue size of ₹ 75 Crore with an option to retain oversubscription up to ₹ 75 Crore (“Green Shoe Option”) aggregating up to ₹ 150 Crore being the Issue size. |
| Face Value | ₹ 1,000/- |
| Minimum Application Size | ₹ 10,000/- (10 NCDs) and in multiples of ₹ 1,000/-(1 NCD) thereafter. |
| Credit Rating | “A/Stable” by CRISIL Ratings Ltd and ICRA Ltd |
| Issuance and Trading of NCDs | In dematerialised form |
| Allotment | First Come First Serve Basis |
SMC Global Securities Limited NCD
Application form
| ISSUE STRUCTURE | ||||||
| Option/Series | I | II | III | IV | V | VI |
| Nature of NCDs | Secured | |||||
| Who can Apply | All categories of investors (Category I, II, III and IV) | |||||
| Tenor | 24 Months | 24 Months | 36 Months | 36 Months | 60 Months | 60 Months |
| Interest Frequency | Annual | Cumulative | Annual | Cumulative | Monthly | Annual |
| Base Coupon Rate (% p.a.) for: | ||||||
| Category I, II, III & IV | 10.00% | NA | 10.20% | NA | 9.94% | 10.40% |
| Effective Yield (% p.a.) for: | ||||||
| Category I, II, III & IV | 10.00% | 10.00% | 10.20% | 10.20% | 10.40% | 10.40% |
| Amount (₹ / NCD) on Maturity for: | ||||||
| Category I, II, III & IV | ₹ 1,000/- | ₹ 1,210/- | ₹ 1,000/- | ₹ 1,338.27/- | ₹ 1,000/- | ₹ 1,000/- |
| Deemed Date of
Allotment |
The date on which the Board or a duly authorised committee approves the Allotment of NCDs. All benefits to the NCDs including interest on the NCDs shall be available to the investors from the Deemed Date of Allotment. The actual Allotment of NCDs may take place on a date other than the Deemed Date of Allotment. | |||||
| Interest payment Date | Monthly Option: The relevant interest will be paid on the last date of every month on the face value of the NCDs. The last interest payment under monthly Series will be made at the time of redemption of the NCDs. For the first interest payment for NCDs under the monthly options, interest from the Deemed Date of Allotment till the last day of the subsequent month will be clubbed and paid on the last day of that subsequent month.
Annual Option: The relevant interest will be paid on each anniversary of the Deemed Date of Allotment on the face value of the NCDs. The last interest payment under annual option will be made at the time of redemption of the NCDs. Payment of interest subject to applicable tax deducted at source, if any. |
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