Board approves NCD public issue up to Rs 150 crore

SMCGLOBAL · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

—1-day move

₹75.25

prior close

₹76.00

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.5—+0.4-0.1——————————

Up moveDown movePending

AI summary

SMC Global Securities board approved a public issue of secured, rated, listed, redeemable NCDs with face value of Rs 1,000 each. Base issue size is Rs 75 crore with a green shoe option of another Rs 75 crore, taking the total to up to Rs 150 crore (15 lakh NCDs). The coupon rate and other key terms will be shared later by the NCD Committee.

Likely market impact

Fresh fundraising of up to Rs 150 crore via NCDs will expand the capital base and lendable pool; watch coupon rate for impact on interest costs.