SMC Global Securities has announced the public issue of 15 lakh Secured Redeemable Non-Convertible Debentures (NCDs) of the face value of Rs 1000 each for an amount aggregating up to Rs 150 crore.
The base size issue is Rs 75 crore, with an option to retain over-subscription up to an additional Rs 75 crore (Green Shoe Option) aggregating up to Rs 150 crore.
The issue is scheduled to open on 02 April 2025 and close on 17 April 2025, with an option of early closure or extension.
There are 6 series of NCDs carrying fixed coupons and having a tenure of 24 months, 36 months and 60 months with monthly, annual and cumulative interest payment options.
An effective yield (per annum) for the NCD holders in all categories of investors ranges from 10.00% to 10.50%.
The NCDs issue has been rated CRISILA/Stable by CRISIL Ratings and [ICRA] (A Stable) by ICRA.
The minimum application size for each application for NCDs would be Rs 10000 across all series collectively and in multiples of Rs 1000 thereafter with allotment on first come first serve basis.
NCDs are proposed to be listed on BSE and NSE.