SMC Global Securities Ltd

Issuance overview

• Secured, rated, listed redeemable NCDs.
• Base size ₹7,500 lakh; Green Shoe ₹7,500 lakh.
• Total size ₹15,000 lakh.
• Face value ₹1,000; issue price ₹1,000; premium: none.
• Tenor: I/II 24m; III/IV 36m; V/VI 60m.
• Coupon rates: I 9.50%; III 9.75%; VI 10%; V 9.57%.
• Series II/IV cumulated; no periodic coupon payments.
• Rating: ICRA A Stable; fresh rating up to ₹5,000 lakh.
• Listed on BSE Limited; allocation: institutional 10%, non-institutional 25%, HNI 25%, retail 40%.
• Security: pari passu charge over trade receivables and MTF; 110% asset cover.

NCD issuance details

• Prospectus approved for public issuance of secured, rated NCDs.
• Face value ₹1,000 per NCD.
• Base size ₹7,500 lakh; oversubscription ₹7,500 lakh (Green Shoe).
• Total issue size up to ₹15,000 lakh (15,00,000 NCDs).
• Rating: ICRA A Stable for up to ₹51,279 lakh.
• Listing on BSE Limited; in-principle approval received (Sept 18, 2026).
• Deemed date of allotment as per Board approval; actual allotment may differ.
• Security: pari passu charge over Trade Receivables and MTF; minimum 110% cover.
• Prospectus to be filed with ROC, SEBI, and BSE; copy available on company website.

SMC Global Securities Ltd — Trading Window closed from 01st October, 2026 till 48 hours after the declaration of unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half ended on 30th September, 2026.

Target overview

• Target: Kheria Autocomp Limited, auto ancillary using plastic injection moulding in India.
• Turnover FY23-26: 62.40 cr, 92.31 cr, 120.30 cr.
• Presence: India; supplies to OEMs for ICE and EV.

Deal structure

• Not a related-party transaction.
• Total shares acquired: 16,75,200 (10.57%).
• SMC alone acquired 5,23,200 shares (3.30%).
• Concert group includes Moneywise Financial Services and SMC India Opportunity Fund.
• Cash consideration; IPO allotment at Rs 101; open-market at Rs 104.73.

Financials & consideration

• IPO allotment: 13,82,400 shares; open-market: 2,92,800 shares.
• Cost: IPO shares Rs 2,32,70,400; open-market Rs 3,06,64,944.
• Post-transaction holding: 10.57% (1,58,48,400 shares).
• Completion: allotment on 23 Sep 2026; open-market on 24 Sep 2026.

Target background

• Incorporated 12 Nov 2009; Gujarat, India.
• Products: interior trims, exterior parts, HVAC ducts.
• Industry: Auto components; Tier-II supplier to OEMs.

Regulatory

• Regulatory approvals: none required.

Meeting Details

• Date and time: Tuesday, 29 September 2026, 4:00–5:00 PM IST.
• Meeting type/mode: Group virtual session via video conference.
• Event/organiser: Bharat Connect Conference – Rising Stars 2026; organiser Arihant Capital Markets Ltd.
• Key company participants: EVP – Corporate Affairs & Legal; Company Secretary & General Counsel.
• Purpose: Investor interaction; discussions based on publicly available information.

Key issuance details

• Type: secured, listed, redeemable NCDs.
• Issuance: public issue with base ₹7,500 lakh and Green Shoe ₹7,500 lakh; total ₹15,000 lakh.
• Total instruments: 15,00,000 NCDs; aggregate ₹15,000 lakh (₹150 crore).
• Face value: ₹1,000 per NCD; issue price ₹1,000; premium nil.
• Coupon: 9.50%–10.00% p.a.; tenors: 24–60 months.
• Security: pari passu charge on assets including trade receivables and MTF; 110% cover.
• Use of proceeds: 75% for working capital; 25% for general corporate purposes.
• Minimum subscription: 75% of base size (₹5,625 lakh); rollover option with 75% investor consent.
• Listing: NCDs on BSE; Debenture Trustee IDBI Trusteeship; NSDL/CDSL demat; 1 NCD per lot; rating ICRA A Stable.

NCD issue approval

• Public issue of secured, listed NCDs, face value ₹1,000; base size ₹7,500 lakh; green shoe option.
• Total size up to ₹15,000 lakh; up to 15,00,000 NCDs.
• NCDs proposed to be listed on BSE Limited.
• Draft prospectus to be filed with BSE and SEBI; available on company and stock exchanges.
• Meeting held Sept 15, 2026, 5:30–6:00 pm.
• Terms and details per Regulation 30 and Annexure A.
• Security: pari passu charge over trade receivables and MTF with Debenture Trustee.

SEBI Settlement Order

• SEBI issues settlement order under NSEL Scheme 2025 against Pulin Comtrade Limited (subsidiary).
• Six months' voluntary debarment from proprietary trading and from taking new commodity clients.
• Settlement amount payable: Rs 9,10,780.
• Date of receipt of direction: 11 September 2026.
• Order signed 9 September 2026; effective immediately.