Still stressing about market volatility? Now, you can earn a fixed interest rate through non-convertible debentures of SMC Global Securities. These secured and redeemable non-convertible debentures will open for subscription on October 16, 2025 and close on October 24, 2025.
In this blog, you’ll find all the key details about SMC Global Securities’ ₹150 crores NCD public issue, what exactly NCDs are, and how you can invest in them.
What are Non-Convertible Debentures?
Non-convertible debentures are fixed-income earning instruments through which companies raise capital from investors. It is like lending money to the company and earning regular and fixed interest payments. At the time of maturity, the investor gets the principal investment amount.
This is different from equity shares, which provide uncertain and market-linked returns. NCDs are ideal options for investors looking to earn a fixed rate of return by putting trust on the company’s growth and vision.
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
SMC Global Securities NCD Details
- Issue Opening Date: October 16, 2025 (Thursday)
- Issue Closing Date: October 24, 2025 (Friday)
- Total Issue Size: ₹150 crores
- Base Issue: ₹75 crores (minimum amount the company plans to raise)
- Green Shoe Option: ₹75 crores (additional amount that can be retained from over-subscription)
- Type of Instrument: Secured
- Credit Rating: ICRA A / Stable
- Face Value/ Issue Price: ₹1,000
- Minimum Investment: ₹10,000 (10 NCDs across all series)
- Listing on Exchange: BSE
NCD’s Tenure and Interest Payout Details
This NCD will pay the effective yield up to 10.25% per annum. You can choose from different tenures of 24, 36, and 60 months. Based on the tenure, the frequency of interest payment also varies from annual, cumulative, and monthly.
Here are the details of the NCD series offered by the SMC Global Securities:
Why You Should Consider Investing in SMC NCDs?
- Over 30 Years of Trust: SMC carries a legacy of excellence and reliability in the financial services sector.
- Consistent Dividend Payouts: It has a proven track record of rewarding investors with timely returns.
- Consistently Profitable: A strong and steady financial performance backed by sound fundamentals.
- Nationwide Reach: A strong network serving a large and diverse client base.
- Smart Investment Choice: Lock in high returns before interest rates dip further.
- Tax-Free Returns: For individuals with taxable income below ₹12 lakhs, interest income may be tax-free. It is also ideal for senior citizens and moderate earners.
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
SMC Global Securities: Company Overview
Established in 1994, SMC Global Securities is a diversified financial services company with a presence in brokerage services, portfolio management services, investment banking, wealth management, NBFC, insurance broking, real estate brokerage, arbitrage & HFT proprietary trading, clearing and depository services, and fixed income securities.
The company has a pan-India presence with 210 branches, including one international branch in Dubai. It has 2,137 registered Authorized Persons spread over 412 cities across India.
In the financial year 2024-25, the company made its Initial Public Offering of Non-Convertible Debentures and subsequent issue of Non-Convertible Debentures in the financial year 2025-26. The Non-Convertible Debentures issued through both issues are currently listed and traded on the BSE.
Usage of NCD Proceeds
SMC Global Securities will use at least 75% of the total proceeds to fulfill the working capital requirements. The remaining 25% of the amount will be allocated towards general corporate purposes.
Lead Manager and Registrar
Corporate Professionals Capital Private Limited is the lead manager to the issue, MUFG Intime India Private Limited is the registrar to the issue, and IDBI Trusteeship Services Limited is the Debenture Trustee.
Allocation Size for Different Investors
Here are the details of the allocation ratio for different investors:
| Particulars | Institutional | Non-Institutional | HNIs | Retail Individual Investors |
|---|---|---|---|---|
| % of Issue Size | 10% | 25% | 25% | 40% |
| Base Issue Size (in Cr) | ₹7.5 | ₹18.75 | ₹18.75 | ₹30 |
| Total Issue Size (in Cr) | ₹15 | ₹37.50 | ₹37.50 | ₹60 |
How to Invest in Non-Convertible Debentures?
- Open free Demat Account with a registered stockbroker (SMC Global Securities) and visit the NCD section.
- Select any preferred NCD series (I to VI) from the table, and you will get the details of the investment amount and the indicative interest payment.
- Click on “Apply,” select the number of lots you want to invest in, and enter your valid UPI ID.
- Submit the application. Open your UPI app and approve the payment mandate request to complete the investment.
- It’s done, and allotment will be made on a first-come, first-serve basis.
Conclusion
Non-convertible debentures are the best option for investors who want to earn fixed returns. They are available in different tenures, allowing you to choose your preferred investment duration while also offering the flexibility to sell later in the secondary market. This makes NCDs suitable for both newbie and experienced retail investors, as well as institutional investors and HNIs seeking to diversify their portfolio.
Frequently Asked Questions – FAQs
1. What are the opening and closing dates of the SMC Global Securities NCD Public Issue?
This issue will open for subscription on October 16, 2025 (Thursday) and October 24, 2025 (Friday).
2. How much is the issue size of this NCD?
The issue size of the SMC Global NCD is ₹150 crores. It includes the base issue of ₹75 crores and green shoe option for ₹75 crores.
3. What is the effective yield rate of SMC Global Securities NCD?
This issue will provide the effective yield rate of up to 10.25% per annum.
4. Does the SMC Global NCD hold a good credit rating?
Yes, it holds the ICRA A Stable rating. It means that this NCD has an adequate degree of safety regarding the timely servicing of financial obligations. Such rated instruments are considered to carry low credit risk.
References:
https://www.smcindiaonline.com/wp-content/uploads/2024/07/DRHP-1.pdf
https://www.sebi.gov.in/filings/debt-offer-document/mar-2025/smc-global-securities-limited-prospectus_92907.html
Author: All Content is verified by SMC Global Securities.
WHY SMC
- 20 Lac+ unique clients
- 33+ Years of Serving
- Advance Technical Analysis
- Free Demat Account
