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| Issue Size (Base) | ₹75.00 Cr |
| Face Value | ₹1000 each NCD |
| Issue Price | ₹1000 per NCD |
| Market Lot | 1 NCD |
| Min Order Qty | 10 NCD |
| Min Order Amount | ₹10000 |
| Listing at | BSE, NSE |
| Tenor | 24, 36, and 60 Months |
| Credit 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 |
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 | |||
Subhash Chand Aggarwal; Mahesh C Gupta; Sushma Gupta; and Damodar Krishan Aggarwal are the company's promoters.
The company intends to utilize the Net Proceeds from the issue towards the following objectives:
| # | Issue Objects |
|---|---|
| 1 | To meet the working capital requirements. |
| 2 | General corporate purposes. |
| 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 |
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.
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.
