What is the total size of the NCD issue approved?

The base size is ₹75 crore, with a greenshoe option to retain oversubscription up to a total of ₹150 crore.

Have the coupon rate and maturity been decided?

No, the NCD committee will decide the details later.

Does this NCD issue change the investment case for SMC Global?

Not materially. The raise is moderate and in line with the company's established pattern of accessing public debt. Quarterly results were routine.

What is SMC Global's current debt-to-equity ratio?

The trailing debt/equity is 1.53, so additional debt of ₹75-150 cr will increase leverage modestly.

Stock Broking · Small cap

SMC Global Securities to raise up to ₹150 cr via NCD public issue

Board approves public issue of secured, redeemable NCDs; final coupon and tenors to be decided later. Q1 FY27 results also cleared.

— 3 earlier stories on SMC Global Securities Ltd. →

SMCGLOBAL By Tipsheet Editorial 26 Jul 2026 · 9:37 PM IST Verify on BSE · NSE

Mkt cap₹1,513 cr

P/E14.83×

ROE7.82%

Debt / eq.1.53

Div yld1.64%

₹150 cr Maximum NCD issue size including greenshoe

What's new

Board cleared unaudited Q1 FY27 standalone and consolidated results.
Approved raising up to ₹75 cr base, ₹150 cr total via public NCD issue.
Issue details like coupon and tenors to be decided by NCD committee.

Why this matters

The NCD raise adds ₹150 cr of secured debt to a balance sheet with debt/equity of 1.53. For a market cap of ₹1,513 cr, the issue is moderate and in line with the company's established pattern of tapping public debt. The final coupon will be the key detail.

What we're watching

Coupon rate and tenure will signal the cost of debt.
Use of proceeds disclosure upon announcement.
Subscription level against prevailing market rates.

The full read

SMC Global Securities is tapping the public debt market again. Its board approved a public issue of secured, redeemable NCDs: base size ₹75 crore, expandable to ₹150 crore with a greenshoe. The company hasn't set coupon or tenors yet; that comes from the NCD committee. Separately, the board cleared unaudited Q1 FY27 results – a routine quarterly filing with no surprises. For a firm with a market cap of ₹1,513 crore and a trailing debt/equity of 1.53, a ₹150 crore debt issue is a reasonable move, not a game-changer. The eventual coupon will matter most, but nothing here alters the story.

Questions answered

What is the total size of the NCD issue approved?: The base size is ₹75 crore, with a greenshoe option to retain oversubscription up to a total of ₹150 crore.
Have the coupon rate and maturity been decided?: No, the NCD committee will decide the details later.
Does this NCD issue change the investment case for SMC Global?: Not materially. The raise is moderate and in line with the company's established pattern of accessing public debt. Quarterly results were routine.
What is SMC Global's current debt-to-equity ratio?: The trailing debt/equity is 1.53, so additional debt of ₹75-150 cr will increase leverage modestly.

Mentioned: SMC Global Securities · ₹150 cr · NCD committee

Primary source BSE · NSE

An independent reading of the company's own disclosure — the primary filing above is the final word.

Story so far

All notes on SMCGLOBAL →

26 Jul 2026 · 9:37 PM IST SMC Global Securities to raise up to ₹150 cr via NCD public issue
today SMC Global Q1 profit up 23%, board clears ₹150 cr NCD issue
today SMC Global Q1 profit edges up, board approves ₹75 cr NCD issue
today SMC Global board approves ₹150 cr NCD issue, Q1 profit jumps 23%