SMC Global Securities allots 15 lakh NCDs worth Rs 150 crore
SMCGLOBAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 3.0 pts more than Nifty Microcap 250 and 2.9 pts more than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Public issue of secured NCDs by SMC Global Securities closes with full subscription of 15 lakh NCDs at Rs 1,000 face value, raising Rs 150 crore total. Effective yields range from 9.50% to 10.00% across 24, 36, and 60 month tenures. Listed on BSE, secured by trade receivables and MTF.
NCD investors earn fixed yields of 9.50 to 10 percent over 2 to 5 years. Equity shareholders not affected by dilution but company takes on Rs 150 crore debt.