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The principal amount of the NCDs to be issued together with all interest due and payable on the NCDs, thereof shall be secured by a pari passu charge with the Existing Secured Creditors over the Trade Receivables and MTF of the Company (excluding the charge created in favour of secured charge holders in terms of their respective loan agreements/documents), created in favour of the Debenture Trustee, in terms of and as specifically set out in and fully described in the Debenture Trust Deed, such that a security cover to the extent of at least 110% of the outstanding principal amounts of NCDs and all interest due and payable thereon in respect of the NCDs maintained at all times as security until the Final Settlement Date, issued pursuant to the Issue. The NCDs proposed to be issued shall rank pari passu without preference of one over the other except that priority for payment shall be as per applicable date of redemption / repayment. The Company shall execute Debenture Trust Deed and Deed of Hypothecation prior to listing of the Debentures and perfect the same by filing requisite forms with ROC within 30 days of creation of charge in favour of Debenture Trustee. Without prejudice to the aforesaid, in the event our Company fails to execute the Debenture Trust Deed within the period specified in Regulation 18(1) of the SEBI NCS Regulations or such other time frame as may be stipulated from time-to-time, our Company shall also pay interest of at least 2% (two per cent) per annum to the NCD holders, over and above the interest rate on the NCDs specified in this Prospectus, till the execution of the Debenture Trust Deed. |
| Issue Details |
| Issue Open |
02-Apr-2025-17-Apr-2025 |
| Security Name |
SMC GLOBAL SECURITIES LIMITED |
| Security Type |
Secured Redeemable Non-Convertible Debentures |
| Issue Size (Base) .Cr |
75 |
| Over subscription |
An Option To Retain Oversubscription Up To Rs. 75 Crores Aggregating To Rs. 150 Crores. |
| Issue Price |
1000 |
| Face Value |
1000 |
| Market Lot |
1 |
| Credit Rating |
ICRA A Stable by ICRA. |
| Tenor |
24 Months,36 months,60 months |
| Series |
Series1,Series2,Series3,Series4,Series5,Series6 |
| Payment Frequency |
Yearly,At the End,Monthly |
| Objects of the Issue: |
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PUBLIC ISSUE BY OUR COMPANY OF SECURED, RATED, LISTED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES OF FACE VALUE OF RS. 1000 EACH ("NCDS") FOR AN AMOUNT UP TO RS. 75 CRORE ("BASE ISSUE SIZE") WITH AN OPTION TO RETAIN OVERSUBSCRIPTION UP TO RS. 75 CRORE ("GREEN SHOE OPTION"), AGGREGATING UP TO 1500000 NCDs FOR AN AGGREGATE AMOUNT OF UP TO RS. 150 CRORE. |
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| Company Promoters |
| Subhash Chand Aggarwal |
| Mahesh C Gupta |
| Damodar Krishan Aggarwal |
| Sushma Gupta |
| Himanshu Gupta |
| Pranay Aggarwal |
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| Lead Managers |
| 1. Corporate Professionals Capital Private Limited |
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| Registrar to the Issue |
| 1. MUFG Intime India Private Limited |
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