Opening Date
3 Apr 2025
Closing Date
17 Apr 2025
Yield
UPTO 10.50%
Tenure
Upto 60 Months
Ongoing IPO
Opening Date
3 Apr 2025
Closing Date
17 Apr 2025
Time to close
Yield
UPTO 10.50%
Tenure
Upto 60 Months
| Issue Size (Including Green Shoe Option) | 75 | ||
| Face Value | 1000 | ||
| Coupon | UPTO 10.50% | ||
| Minimum Number of Bonds | 10 | ||
| Lot Size (Multiplier) | 1 | ||
| Allotment Date (Tentative) | 22 Apr 2025 | ||
| Listing Date (Tentative) | 23 Apr 2025 | ||
| Exchange Bid Time (24 Hours) | 10:00 to 17:00 | ||
Documents attached
*Allotment on first come first serve basis
Series | VII | VIII | IX | X | XI | XII |
Nature Of NCDs | Secured Redeemable Non-Convertible Debentures | |||||
Who Can Apply | Everyone | |||||
Tenure | 24 Months | 24 Months | 36 Months | 36 Months | 60 Months | 60 Months |
Frequency of Interest payment | YEARLY | CUMULATIVE | YEARLY | CUMULATIVE | MONTHLY | YEARLY |
Best Coupon Rate (% p.a.) for: | ||||||
Category 1 | 10.00 % | -N.A.- | 10.25 % | -N.A.- | 10.03 % | 10.50 % |
Category 2 | 10.00 % | -N.A.- | 10.25 % | -N.A.- | 10.03 % | 10.50 % |
Category 3 | 10.00 % | -N.A.- | 10.25 % | -N.A.- | 10.03 % | 10.50 % |
Category 4 | 10.00 % | -N.A.- | 10.25 % | -N.A.- | 10.03 % | 10.50 % |
Effective Yield (% p.a.) for: | ||||||
Category 1 | 10.00 % | 10 % | 10.25 % | 10.50 % | 10.50 % | 10.50 % |
Category 2 | 10.00 % | 10 % | 10.25 % | 10.50 % | 10.50 % | 10.50 % |
Category 3 | 10.00 % | 10 % | 10.25 % | 10.50 % | 10.50 % | 10.50 % |
Category 4 | 10.00 % | 10 % | 10.25 % | 10.50 % | 10.50 % | 10.50 % |
Application process on BondsIndia platform is simple and seamless.
•Click on the details of the company on the home page
•Fill in the Application form with the basic details such as Name, email address, mobile number, Pan details, bank and Demat details
•Then, confirm the quantity and price and select payment method.
•That's all folks , bidding complete!
Reach out to on info@bondsindia.com for more questions. Thank you for tuning in with BondsIndia.
BondsIndia is an online platform for fixed-income securities such as IPOs, bonds, 54EC bonds, and fixed deposits. With a cumulative pedigree of 50+ years in the bond market, we aim to democratize the market for common investors by stationing detailed insights, expert advice, and keeping a close watch on the market sentiment. BondsIndia brings up-to-date information when IPOs go live, fixed deposits with higher interests, and bonds with competitive price before anyone else.
BondsIndia ditches the traditional ways of investing by offering a Technology based platform for investors that ensures instant online settlements and reduces counter-party risks. Choose BondsIndia for its sleek interface, fail-safe communication and step-by-step guide to ensure a well-placed bid. You can apply for Edelweiss Financial Services Limited IPO on BondsIndia's website.
Place your bid in three simple steps:
Key in Basic Details
Choose the IPO Series
Place the bid
Application process on BondsIndia platform is simple and seamless.
Reach out to on info@bondsindia.com for more questions. Thank you for tuning in with BondsIndia.
Smc Global Securities Limited is an Established in the year 1994 They have a diversified financial services business model with presence in brokerage services portfolio management services, investment banking wealth management, distribution of financial products financing NBFC insurance broking real estate brokerage clearing and depository services, fixed income securities, financial, mortgage and loan advisory services. As of March 31 2024 They service their clients through a network of 188 branches including one international branch in Dubai and 2327 registered Authorised Persons spread over 437 cities across India.
Long track record and established market position
The Group has a long track record of over three decades in the capital market and allied businesses with its full service stockbroking operations primarily in the retail equity broking segment having an extensive network of 145 branches 2327 franchisees and an active National Stock Exchange NSE client base of 1.8 lakh as of March 2024.
Adequate capitalization
SMCs capitalisation profile is characterised by a consolidated net worth of Rs. 1096 crore and a consolidated gearing of 1.3 times as on March 31 2024 compared to Rs. 933 crore and 1.0 times respectively, as on March 31 2023. The growth in the broking operations in FY2024 was accompanied with an increase in the working capital requirement due to regulatory changes, whereby the dependence on borrowings rose and resulted in an uptick in the gearing.
Adequate profitability indicators, notwithstanding recent uptick due to capital market operations
Given its presence in capital market related businesses SMCs revenue profile remains vulnerable to market cycles. Nonetheless supported by the favourable activity in the capital markets the Group reported a healthy performance in FY2024 as reflected by the all-time high consolidated profit after tax PAT of Rs. 188.3 crore and return on net worth of 18.6% compared to Rs. 120 crore and 13.0% respectively in FY2023 four year average of Rs. 147 crore and 16.6% respectively.
Exposed to risks inherent in capital market-related businesses as well as credit and market risks associated with capital market lending
The trading volumes and revenues of securities broking companies are susceptible to the inherently volatile capital markets which are cyclical in nature. With broking and allied activities and advisory services accounting for 55% of its consolidated NOI SMCs profitability remains dependent on the performance of the capital markets. Moreover it remains exposed to credit and market risks on account of the capital market lending book. This is due to the nature of the underlying assets as any adverse event in the capital markets could erode the value of the underlying collateral stocks.
Intense competition in capital markets evolving operating and regulatory environment
The securities broking sector remains characterised by intense competition and susceptibility to the entry of new players. In this regard, heightened competition in the equity broking segment and the growing popularity of discount brokerage houses have led to pricing pressure in recent years. Moreover, securities broking companies rely heavily on technology. Thus, any technical failure or disruption can pose operational and reputation risk.
High share of unsecured loans in NBFC arm
As MFSPL is primarily an SME financing company (80% of assets under management (AUM) as on March 31, 2024), it is susceptible to the underlying risk of borrowers, who are susceptible to economic shocks and have limited income buffers. Additionally, 41% of the AUM as on March 31,2024 was unsecured, adding to portfolio risk. Nonetheless, the headline asset quality metrics have remained under control.
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