SMC Global Securities Ltd NCD 2025 – All You Need to Know Before Investing
SMC Global Securities Limited is a comprehensive financial services firm providing brokerage, investment banking, and wealth management services. The organization has opened its Public Issue of Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) for the investors looking for stable fixed-income returns.
SMC Global NCD Issue Overview
| Item | Detail |
|---|---|
| Issuer | SMC Global Securities Limited — providing services in brokerage, wealth management, and financial advisory. |
| Instrument Type | Type Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs). |
| Face Value | ₹1,000 per NCD. |
| Issue Size | ₹75 crore; with Green Shoe Option up to ₹150 crore. |
| Credit Rating | Rated ‘ICRA A / Stable’ and ‘CRISIL A / Stable’, representing moderate credit risk. |
| Tenors / Series | Six series having tenures of 24, 36, and 60 months. |
| Yield / Interest Rate | Effective yield between 9.94% p.a. to 10.40% p.a., depending on tenure and frequency. |
| Minimum Investment | ₹10,000 (minimum 10 NCDs) for retail investors. |
| Investor Categories | Distribution to Institutional, Non-Institutional, HNI, and Retail investors, with predominance for retail. |
| Listing | NCDs to be listed on the BSE and NSE. |
| Use of Proceeds | For working capital needs and general corporate purposes. |
SMC NCD IPO – Key Considerations for Investors
- These NCDs are secured debt securities but involve credit and liquidity risk.
- Credit Rating: ‘A / Stable’ – indicates sufficient safety but not risk-free.
- Medium-term term (2–5 years); early exit subject to secondary market liquidity.
- Interest payment frequency is different for series — select according to cash flow requirements.
- Minimum investment of ₹10,000 can restrict participation by small investors.
- Repayment capability will be influenced by the company’s performance in financial markets and broking operations.
SMC Global Securities Ltd NCD IPO 2025 – Further Details & Specific Terms
Credit Rating Reaffirmation
CRISIL has reaffirmed the rating of “CRISIL A / Stable” for the NCDs of SMC Global Securities Limited.
The rating captures the company’s significant presence in capital markets, diversified revenue streams, experienced promoters, and reasonable capitalization, exhibiting a moderate level of safety for investors.
Pecific Series Terms, Coupons & Yields
As per the prospectus and term sheet made by Corporate Professionals Capital Pvt. Ltd., the issue of NCDs has six series (Series I to VI) with different tenor and frequency of interest payments (annual, monthly, and cumulative).
Coupon Rates & Effective Yields Example
- 24-month Annual Series: 10.00% p.a. (Effective Yield: 10.00%)
- 36-month Series: 10.25% p.a. (Annual Interest)
- 60-month Series: 10.40% – 10.50% p.a. based on cumulative or monthly interest choice
In cumulative series, the amount of redemption varies — e.g., for a 24-month cumulative NCD, the maturity value is ₹1,210 per ₹1,000 invested.
In non-cumulative (annual) series, investors get interest payment periodically and ₹1,000 principal on maturity.
Issue Opening & Closing Dates
The issue of SMC Global Securities NCD opened on April 2, 2025, and closed on April 17, 2025.
Allotment was done on a first-come, first-served basis for valid applications in demat mode only.
The NCDs are to be listed on both BSE and NSE to provide liquidity to investors.
Category-Wise Allocation
The issue was distributed across various categories of investors:
- Institutional Investors: 10%
- Non-Institutional Investors: 25%
- High Net-Worth Individuals (HNI): 25%
- Retail Investors: 40%
This structure of allocation provides equal participation, with a large segment kept for retail investors.
Registrar & Lead Manager
- Registrar: Link Intime India Private Ltd
- Lead Manager / Book Running Lead Manager: Corporate Professionals Capital Pvt. Ltd
They are both well-established intermediaries with good records of handling debt and equity issues.
Security & Trustee
The SMC Global NCDs are secured ones, which implies that they are supported by recognizable assets or collateral belonging to the company, thereby strengthening investor protection.
The Debenture Trustee for the issue is Mitcon Credentia Trusteeship Services Ltd.
ISIN & Secondary Market Data
One of the trading NCD series has ISIN: INE103C07066, with a 10.40% coupon and a maturity date of 2029.
According to market data, such bonds are available near ₹100 (face value) with yields around 10.18% in the secondary market.
Prospectus & Disclosures
Investors can view detailed offer documents:
- Abridged Prospectus: 28-page summary on official listing sites
- Full Prospectus: Filed with BSE, NSE, and SEBI for full disclosures
These reports identify risk factors, financials of the company, and comprehensive issue terms.
Issuer Profile & Business Strength
SMC Global Securities Ltd is a diversified financial services firm with businesses in:
- Brokerage & Trading
- Wealth Management
- NBFC Financing
- Insurance Broking
- Real Estate Advisory
As of September 2024, the company has a net worth of ₹1,182 crore and has over 11 lakh retail clients in India.
CRISIL’s reiteration of its ‘A / Stable’ rating is a demonstration of the company’s robust brand, diversified business model, stable capital structure, and seasoned promoters.