SMC Global Securities Approves NCD Prospectus for ₹15,000 Lakh Issue

SMC Global Securities Ltd's Non-convertible Debenture Committee has approved the final prospectus for a public issue of Secured, Rated, Listed, Redeemable, Non-Convertible Debentures (NCDs). The issue has a Base Issue Size of up to ₹7,500 Lakh with a Green Shoe Option to retain oversubscription up to ₹7,500 Lakh, aggregating to a total issue size of up to ₹15,000 Lakh. The NCDs have a face value of ₹1,000 each and have received a credit rating of 'ICRA A Stable' from ICRA Limited. The NCDs are proposed to be listed on BSE Limited, which has provided 'In-Principle' approval. The security for the NCDs will be a pari passu charge over the company's Trade Receivables and MTF, with a minimum security cover of 110%.