
{"id":16487,"date":"2026-10-05T12:34:26","date_gmt":"2026-10-05T07:04:26","guid":{"rendered":"https:\/\/goldenpi.com\/blog\/?p=16487"},"modified":"2026-10-05T12:40:09","modified_gmt":"2026-10-05T07:10:09","slug":"smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest","status":"publish","type":"post","link":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/","title":{"rendered":"SMC Global, Securities NCD Issue 2026: 10% Yield, Rating, Details, and How to Invest"},"content":{"rendered":"<div class=\"gpi-custom-widget-box\" style=\"border-left-color: #0066cc; background-color: #f0f7ff;\">\n<div class=\"gpi-custom-widget-title\" style=\"color: #0066cc;\">\ud83d\udcdd Quick Summary:<\/div>\n<h2 class=\"gpi-custom-widget-h2-content\"><span class=\"ez-toc-section\" id=\"SMC_Global_Securities_Limited_is_launching_a_secured_NCD_public_issue_aggregating_up_to_%E2%82%B9150_crore_comprising_a_base_issue_size_of_%E2%82%B975_crore_and_an_option_to_retain_oversubscription_of_up_to_%E2%82%B975_crore_Rated_ICRAA_Stable_the_issue_offers_6_series_across_tenures_of_24_36_and_60_months_with_effective_yields_ranging_from_950_to_1000_pa\"><\/span>SMC Global Securities Limited is launching a secured NCD public issue aggregating up to \u20b9150 crore, comprising a base issue size of \u20b975 crore and an option to retain oversubscription of up to \u20b975 crore. Rated <strong>[ICRA]A (Stable)<\/strong>, the issue offers <strong>6 series<\/strong> across tenures of <strong>24, 36, and 60 months<\/strong>, with effective yields ranging from <strong>9.50% to 10.00% p.a.<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n\n\n<p>The subscription opens on <strong>October 5, 2026,<\/strong> and closes on <strong>October 16, 2026<\/strong>*. Allotments are on a <strong>First-Come, First-Served (FCFS)<\/strong> basis, subject to the issue terms. The NCDs are proposed to be listed on <strong>BSE Limited<\/strong>, which has granted in-principle approval.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_79_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/#SMC_Global_Securities_Limited_is_launching_a_secured_NCD_public_issue_aggregating_up_to_%E2%82%B9150_crore_comprising_a_base_issue_size_of_%E2%82%B975_crore_and_an_option_to_retain_oversubscription_of_up_to_%E2%82%B975_crore_Rated_ICRAA_Stable_the_issue_offers_6_series_across_tenures_of_24_36_and_60_months_with_effective_yields_ranging_from_950_to_1000_pa\" >SMC Global Securities Limited is launching a secured NCD public issue aggregating up to \u20b9150 crore, comprising a base issue size of \u20b975 crore and an option to retain oversubscription of up to \u20b975 crore. Rated [ICRA]A (Stable), the issue offers 6 series across tenures of 24, 36, and 60 months, with effective yields ranging from 9.50% to 10.00% p.a.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/#SMC_Global_Securities_NCD_Issue_Overview\" >SMC Global Securities NCD: Issue Overview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/#SMC_Global_Securities_NCD_%E2%80%93_Key_Issue_Details\" >SMC Global Securities NCD \u2013 Key Issue Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/#SMC_Global_Securities_NCD_Coupon_Rates_and_Effective_Yield\" >SMC Global Securities NCD Coupon Rates and Effective Yield<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/#NCD_Coupon_Rates_Yields_Redemption_Details\" >NCD Coupon Rates, Yields &amp; Redemption Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/#Allocation_Ratio\" >Allocation Ratio<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/#Investor_Category_Allocation\" >Investor Category Allocation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/#How_to_Invest_in_SMC_Global_Securities_NCD_IPO_via_GoldenPi\" >How to Invest in SMC Global Securities NCD IPO via GoldenPi<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/#Financial_Overview_of_SMC_Global_Securities_Limited\" >Financial Overview of SMC Global Securities Limited<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/#Cash_Flow_Summary_in_%E2%82%B9_Crore\" >Cash Flow Summary (in \u20b9 Crore)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/#Cash_Flow_Summary_in_%E2%82%B9_Crore-2\" >Cash Flow Summary (in \u20b9 Crore)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/#SMC_Global_Securities_NCD_Key_Points\" >SMC Global Securities NCD: Key Points<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/#SMC_Global_Securities_NCD_Risks_to_Consider\" >SMC Global Securities NCD: Risks to Consider<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/#About_SMC_Global_Securities_Limited\" >About SMC Global Securities Limited<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/#Conclusion\" >Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/#Disclaimer\" >Disclaimer<\/a><\/li><\/ul><\/nav><\/div>\n\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SMC_Global_Securities_NCD_Issue_Overview\"><\/span><strong>SMC Global Securities NCD: Issue Overview<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Credit Rating:<\/strong> [ICRA]A (Stable) by ICRA Limited<\/li>\n\n\n\n<li><strong>Effective Yield Range:<\/strong> 9.50% to 10.00% p.a.<\/li>\n\n\n\n<li><strong>Tenures:<\/strong> 24, 36 and 60 months<\/li>\n\n\n\n<li><strong>Nature:<\/strong> Secured, Rated, Listed, Redeemable, Non-Convertible Debentures<\/li>\n\n\n\n<li><strong>Minimum Investment:<\/strong> \u20b910,000 (10 NCDs)<\/li>\n\n\n\n<li><strong>Issue Opening Date:<\/strong> October 5, 2026<\/li>\n\n\n\n<li><strong>Issue Closing Date:<\/strong> October 16, 2026*<\/li>\n<\/ul>\n\n\n\t\t<div class=\"ad-container\" style=\"font-family:'Satoshi','Segoe UI',sans-serif;max-width:1100px;background-color:#ffffff;border-radius:24px;padding:36px 48px;box-shadow:0 4px 24px rgba(0,0,0,0.12);display:flex;align-items:center;justify-content:space-between;border:1px solid #f6f5f2;box-sizing:border-box;margin:20px auto;gap:20px;\">\n\n\t\t\t<div class=\"ad-content\" style=\"flex:1.3;padding-right:20px;text-align:left;\">\n\t\t\t\t<span style=\"background-color:#fdf8e6;color:#5c4100;font-size:14px;font-weight:700;padding:6px 16px;border-radius:20px;display:inline-block;margin-bottom:20px;letter-spacing:0.2px;line-height:16.5px;\">\n\t\t\t\t\tFixed Returns \u2022 Trusted Platform\t\t\t\t<\/span>\n\t\t\t\t<div class=\"ad-headline-div\" style=\"color:#4a3e2e;font-size:28px;font-weight:700;margin:0 0 10px;line-height:30px;letter-spacing:-0.5px;font-family:'Satoshi','Segoe UI',sans-serif;\">\n\t\t\t\t\tApply for <span style=\"color: #b08505\">SMC GLOBAL NCD IPO<\/span>\t\t\t\t<\/div>\n\t\t\t\t<p class=\"paragpimob\" style=\"color:#5c5348;font-size:14px;line-height:18px;margin:0 0 25px;font-weight:500;letter-spacing:0.05px;\">\n\t\t\t\t\tStart investing with just 10K &amp; grow your wealth with fixed-return bond opportunities.\t\t\t\t<\/p>\n\t\t\t\t<a href=\"https:\/\/goldenpi.com\/bond-ipo\/GPID104212\/smc-global-securities-limited?utm_source=blog&#038;utm_medium=banner&#038;utm_campaign=SEO_Organic&#038;utm_id=1&#038;utm_term=blog_SEO\" class=\"ad-btn\"\n\t\t\t\t\tstyle=\"display:inline-flex;align-items:center;justify-content:center;background:linear-gradient(to right,#f4d47c,#c0930a);color:#231f1a;font-weight:700;font-size:16px;text-decoration:none;padding:14px 44px;border-radius:30px;box-shadow:0 4px 12px rgba(192,147,10,0.15);transition:opacity 0.2s;\">\n\t\t\t\t\tExplore Now &nbsp; <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" height=\"24px\" viewBox=\"0 -960 960 960\" width=\"24px\" fill=\"#1f1f1f\"><path d=\"m256-240-56-56 384-384H240v-80h480v480h-80v-344L256-240Z\"\/><\/svg>\t\t\t\t<\/a>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"ad-right-section\" style=\"display:flex;flex-direction:column;gap:16px;min-width:200px;flex:0.7;align-items:center;\">\n\t\t\t\t<div class=\"ad-card\" style=\"background-color:#faf9f6;border-radius:16px;padding:18px 20px;display:flex;align-items:center;gap:20px;border:1px solid #fcfbfa;box-sizing:border-box;width:260px;justify-content:flex-start;flex-shrink:0;\">\n\t\t\t\t\t<div style=\"display:flex;align-items:center;justify-content:center;flex-shrink:0;\">\n\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/d2tfvseypdp8pf.cloudfront.net\/assets\/img\/home-hero-section\/coin-icon.png\" alt=\"\" style=\"width:36px;height:36px;object-fit:contain;\" \/>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"ad-card-text-wrapper\" style=\"text-align:left;\">\n\t\t\t\t\t\t<div class=\"ad-card-title\" style=\"font-size:22px;font-weight:700;color:#4a3e2e;line-height:1.2;\">10K<\/div>\n\t\t\t\t\t\t<div class=\"ad-card-sub\"   style=\"font-size:12px;color:#5c5348;margin-top:2px;font-weight:550;\">Min Investment<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"ad-card\" style=\"background-color:#faf9f6;border-radius:16px;padding:18px 20px;display:flex;align-items:center;gap:20px;border:1px solid #fcfbfa;box-sizing:border-box;width:260px;justify-content:flex-start;flex-shrink:0;\">\n\t\t\t\t\t<div style=\"display:flex;align-items:center;justify-content:center;flex-shrink:0;\">\n\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/d2tfvseypdp8pf.cloudfront.net\/assets\/img\/home-hero-section\/graph-icon.png\" alt=\"\" style=\"width:36px;height:36px;object-fit:contain;\" \/>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div class=\"ad-card-text-wrapper\" style=\"text-align:left;\">\n\t\t\t\t\t\t<div class=\"ad-card-title\" style=\"font-size:22px;font-weight:700;color:#4a3e2e;line-height:1.2;\">9.5 - 10%*<\/div>\n\t\t\t\t\t\t<div class=\"ad-card-sub\"   style=\"font-size:12px;color:#5c5348;margin-top:2px;font-weight:550;\">P.A Fixed Returns<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"ad-mobile-btn-wrapper\">\n\t\t\t\t<a href=\"https:\/\/goldenpi.com\/bond-ipo\/GPID104212\/smc-global-securities-limited?utm_source=blog&#038;utm_medium=banner&#038;utm_campaign=SEO_Organic&#038;utm_id=1&#038;utm_term=blog_SEO\" class=\"ad-btn\"\n\t\t\t\t\tstyle=\"display:inline-flex;align-items:center;justify-content:center;background:linear-gradient(to right,#f4d47c,#c0930a);color:#231f1a;font-weight:700;font-size:16px;text-decoration:none;padding:14px 44px;border-radius:30px;box-shadow:0 4px 12px rgba(192,147,10,0.15);transition:opacity 0.2s;\">\n\t\t\t\t\tExplore Now &nbsp; <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" height=\"24px\" viewBox=\"0 -960 960 960\" width=\"24px\" fill=\"#1f1f1f\"><path d=\"m256-240-56-56 384-384H240v-80h480v480h-80v-344L256-240Z\"\/><\/svg>\t\t\t\t<\/a>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\n\n\n\n<style>\n  .gp-ncd-table-wrap {\n    max-width: 950px;\n    margin: 32px auto;\n    background: #ffffff;\n    border: 1px solid #dce5f2;\n    border-radius: 14px;\n    overflow: hidden;\n    box-shadow: 0 6px 24px rgba(25, 56, 109, 0.08);\n    font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, Arial, sans-serif;\n  }\n\n  .gp-ncd-table-header {\n    background: #19386d;\n    padding: 20px 24px;\n  }\n\n  .gp-ncd-table-header h2 {\n    margin: 0;\n    color: #ffffff;\n    font-size: 21px;\n    font-weight: 700;\n    line-height: 1.3;\n  }\n\n  .gp-ncd-table-header p {\n    margin: 5px 0 0;\n    color: #dce7f7;\n    font-size: 13px;\n  }\n\n  .gp-ncd-table {\n    width: 100%;\n    border-collapse: collapse;\n    margin: 0;\n  }\n\n  .gp-ncd-table tr {\n    border-bottom: 1px solid #edf1f6;\n  }\n\n  .gp-ncd-table tr:last-child {\n    border-bottom: none;\n  }\n\n  .gp-ncd-table td {\n    padding: 14px 20px;\n    font-size: 14px;\n    line-height: 1.5;\n    vertical-align: middle;\n  }\n\n  .gp-ncd-table td:first-child {\n    width: 38%;\n    background: #f7f9fc;\n    color: #4b5563;\n    font-weight: 600;\n    border-right: 1px solid #edf1f6;\n  }\n\n  .gp-ncd-table td:last-child {\n    color: #1f2937;\n    font-weight: 500;\n  }\n\n  .gp-highlight-row td:last-child {\n    color: #19386d;\n    font-weight: 700;\n  }\n\n  .gp-metric-value {\n    display: inline-block;\n    padding: 5px 10px;\n    background: #eef3fa;\n    border-radius: 6px;\n    color: #19386d;\n    font-weight: 700;\n  }\n\n  .gp-security-badge {\n    display: inline-block;\n    padding: 5px 10px;\n    background: #edf8f3;\n    color: #18794e;\n    border: 1px solid #ccebdd;\n    border-radius: 6px;\n    font-size: 12px;\n    font-weight: 700;\n  }\n\n  .gp-rating-badge {\n    display: inline-block;\n    padding: 5px 10px;\n    background: #f1f4f9;\n    color: #19386d;\n    border: 1px solid #d9e2ef;\n    border-radius: 6px;\n    font-size: 12px;\n    font-weight: 700;\n  }\n\n  .gp-date {\n    color: #19386d;\n    font-weight: 600;\n  }\n\n  .gp-ncd-note {\n    padding: 14px 20px;\n    background: #f8faff;\n    border-top: 1px solid #e4eaf3;\n    font-size: 12px;\n    line-height: 1.5;\n    color: #6b7280;\n  }\n\n  @media (max-width: 650px) {\n    .gp-ncd-table-wrap {\n      margin: 24px 0;\n      border-radius: 10px;\n    }\n\n    .gp-ncd-table-header {\n      padding: 18px;\n    }\n\n    .gp-ncd-table-header h2 {\n      font-size: 19px;\n    }\n\n    .gp-ncd-table td {\n      padding: 12px 14px;\n      font-size: 13px;\n    }\n\n    .gp-ncd-table td:first-child {\n      width: 42%;\n    }\n  }\n<\/style>\n\n<div class=\"gp-ncd-table-wrap\">\n\n  <!-- Header -->\n  <div class=\"gp-ncd-table-header\">\n    <h2><span class=\"ez-toc-section\" id=\"SMC_Global_Securities_NCD_%E2%80%93_Key_Issue_Details\"><\/span>SMC Global Securities NCD \u2013 Key Issue Details<span class=\"ez-toc-section-end\"><\/span><\/h2>\n    <p>Secured, Rated, Listed, Redeemable Non-Convertible Debentures<\/p>\n  <\/div>\n\n  <!-- Table -->\n  <div class=\"pcrstb-wrap\"><table class=\"gp-ncd-table\">\n    <tbody>\n\n      <tr>\n        <td>Issuer<\/td>\n        <td><strong>SMC Global Securities Limited<\/strong><\/td>\n      <\/tr>\n\n      <tr>\n        <td>Type of Instrument<\/td>\n        <td>\n          <span class=\"gp-security-badge\">Secured, Rated, Listed, Redeemable Non-Convertible Debentures<\/span>\n        <\/td>\n      <\/tr>\n\n      <tr>\n        <td>Listing<\/td>\n        <td>BSE Limited<\/td>\n      <\/tr>\n\n      <tr>\n        <td>Base Issue Size<\/td>\n        <td>\u20b975 crore (\u20b97,500 lakh)<\/td>\n      <\/tr>\n\n      <tr>\n        <td>Option to Retain Oversubscription<\/td>\n        <td>\u20b975 crore (\u20b97,500 lakh)<\/td>\n      <\/tr>\n\n      <tr class=\"gp-highlight-row\">\n        <td>Total Issue Size<\/td>\n        <td>\n          <span class=\"gp-metric-value\">\u20b9150 crore (\u20b915,000 lakh)<\/span>\n        <\/td>\n      <\/tr>\n\n      <tr>\n        <td>Issue Price<\/td>\n        <td>\u20b91,000 per NCD<\/td>\n      <\/tr>\n\n      <tr class=\"gp-highlight-row\">\n        <td>Minimum Investment<\/td>\n        <td>\n          <span class=\"gp-metric-value\">\u20b910,000 (10 NCDs)<\/span> and in multiples of \u20b91,000 thereafter\n        <\/td>\n      <\/tr>\n\n      <tr>\n        <td>Credit Rating<\/td>\n        <td>\n          <span class=\"gp-rating-badge\">[ICRA]A (Stable)<\/span>\n        <\/td>\n      <\/tr>\n\n      <tr>\n        <td>Debenture Trustee<\/td>\n        <td>IDBI Trusteeship Services Limited<\/td>\n      <\/tr>\n\n      <tr>\n        <td>Registrar to the Issue<\/td>\n        <td>MUFG Intime India Private Limited<\/td>\n      <\/tr>\n\n      <tr>\n        <td>Issue Opening Date<\/td>\n        <td>\n          <span class=\"gp-date\">Monday, October 5, 2026<\/span>\n        <\/td>\n      <\/tr>\n\n      <tr>\n        <td>Issue Closing Date<\/td>\n        <td>\n          <span class=\"gp-date\">Friday, October 16, 2026*<\/span>\n        <\/td>\n      <\/tr>\n\n      <tr>\n        <td>Mode of Application<\/td>\n        <td>ASBA \/ UPI mechanism, as applicable<\/td>\n      <\/tr>\n\n      <tr>\n        <td>Mode of Allotment<\/td>\n        <td>Dematerialized form only<\/td>\n      <\/tr>\n\n      <tr>\n        <td>Depositories<\/td>\n        <td>NSDL and CDSL<\/td>\n      <\/tr>\n\n    <\/tbody>\n  <\/table><\/div>\n\n  <div class=\"gp-ncd-note\">\n    <strong>Note:<\/strong> NCD investments are subject to issuer-specific credit, interest-rate, and liquidity risks. Investors should review the offer document before investing.\n  <\/div>\n\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SMC_Global_Securities_NCD_Coupon_Rates_and_Effective_Yield\"><\/span><strong>SMC Global Securities NCD Coupon Rates and Effective Yield<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The NCDs are offered across six series with <strong>monthly, annual and cumulative<\/strong> interest-payment options.<\/p>\n\n\n\n<style>\n  .ncd-yield-wrap {\n    max-width: 950px;\n    margin: 32px auto;\n    background: #ffffff;\n    border: 1px solid #c3d9c9;\n    border-radius: 12px;\n    overflow: hidden;\n    box-shadow: 0 4px 18px rgba(34, 84, 61, 0.08);\n    font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, Arial, sans-serif;\n  }\n\n  .ncd-yield-header {\n    padding: 24px 28px 16px;\n    background: #ffffff;\n  }\n\n  .ncd-yield-header h2 {\n    margin: 0 0 8px;\n    color: #1e3a29;\n    font-size: 22px;\n    font-weight: 700;\n  }\n\n  .ncd-yield-header p {\n    margin: 0;\n    color: #4a5568;\n    font-size: 14px;\n    line-height: 1.5;\n  }\n\n  .ncd-yield-table-container {\n    overflow-x: auto;\n    padding: 0 24px 24px;\n  }\n\n  .ncd-yield-table {\n    width: 100%;\n    border-collapse: collapse;\n    border: 1px solid #78a381;\n    text-align: center;\n  }\n\n  .ncd-yield-table th {\n    background-color: #ffffff;\n    color: #111827;\n    font-size: 14px;\n    font-weight: 700;\n    padding: 14px 10px;\n    border: 1px solid #78a381;\n    vertical-align: middle;\n  }\n\n  .ncd-yield-table td {\n    padding: 12px;\n    font-size: 14px;\n    color: #1f2937;\n    border: 1px solid #78a381;\n    vertical-align: middle;\n  }\n\n  \/* Alternating row styling *\/\n  .ncd-yield-table tbody tr:nth-child(odd) {\n    background-color: #dbebe0;\n  }\n\n  .ncd-yield-table tbody tr:nth-child(even) {\n    background-color: #ffffff;\n  }\n\n  @media (max-width: 650px) {\n    .ncd-yield-header {\n      padding: 18px 18px 12px;\n    }\n\n    .ncd-yield-header h2 {\n      font-size: 18px;\n    }\n\n    .ncd-yield-table-container {\n      padding: 0 12px 18px;\n    }\n\n    .ncd-yield-table th, \n    .ncd-yield-table td {\n      padding: 8px 6px;\n      font-size: 12px;\n    }\n  }\n<\/style>\n\n<div class=\"ncd-yield-wrap\">\n  \n  <!-- Header & Description -->\n  <div class=\"ncd-yield-header\">\n    <h2><span class=\"ez-toc-section\" id=\"NCD_Coupon_Rates_Yields_Redemption_Details\"><\/span>NCD Coupon Rates, Yields &amp; Redemption Details<span class=\"ez-toc-section-end\"><\/span><\/h2>\n    <p>Detailed breakdown across series options for tenor, payout frequencies, coupon rates, and effective yields.<\/p>\n  <\/div>\n\n  <!-- Table -->\n  <div class=\"ncd-yield-table-container\">\n    <div class=\"pcrstb-wrap\"><table class=\"ncd-yield-table\">\n      <thead>\n        <tr>\n          <th>Series<\/th>\n          <th>Interest<br>Frequency<\/th>\n          <th>Tenor<br>(Months)<\/th>\n          <th>Coupon<br>(% p.a.)<\/th>\n          <th>Effective Yield<br>(% p.a.)<\/th>\n          <th>Redemption Amount<br>(per NCD)<\/th>\n        <\/tr>\n      <\/thead>\n      <tbody>\n        <tr>\n          <td><strong>Series I<\/strong><\/td>\n          <td>Annual<\/td>\n          <td>24<\/td>\n          <td>9.50%<\/td>\n          <td>9.50%<\/td>\n          <td>\u20b91,000<\/td>\n        <\/tr>\n        <tr>\n          <td><strong>Series II<\/strong><\/td>\n          <td>Cumulative<\/td>\n          <td>24<\/td>\n          <td>N\/A<\/td>\n          <td>9.50%<\/td>\n          <td>\u20b91,199.03<\/td>\n        <\/tr>\n        <tr>\n          <td><strong>Series III<\/strong><\/td>\n          <td>Annual<\/td>\n          <td>36<\/td>\n          <td>9.75%<\/td>\n          <td>9.75%<\/td>\n          <td>\u20b91,000<\/td>\n        <\/tr>\n        <tr>\n          <td><strong>Series IV<\/strong><\/td>\n          <td>Cumulative<\/td>\n          <td>36<\/td>\n          <td>N\/A<\/td>\n          <td>9.75%<\/td>\n          <td>\u20b91,321.95<\/td>\n        <\/tr>\n        <tr>\n          <td><strong>Series V<\/strong><\/td>\n          <td>Monthly<\/td>\n          <td>60<\/td>\n          <td>9.57%<\/td>\n          <td>10.00%<\/td>\n          <td>\u20b91,000<\/td>\n        <\/tr>\n        <tr>\n          <td><strong>Series VI<\/strong><\/td>\n          <td>Annual<\/td>\n          <td>60<\/td>\n          <td>10.00%<\/td>\n          <td>10.00%<\/td>\n          <td>\u20b91,000<\/td>\n        <\/tr>\n      <\/tbody>\n    <\/table><\/div>\n  <\/div>\n\n<\/div>\n\n\n\n<p>The coupon is fixed for the applicable series. For the cumulative series, no periodic coupon is paid; the return is reflected in the redemption amount at maturity.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Allocation_Ratio\"><\/span><strong>Allocation Ratio<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The NCDs are proposed to be allocated across investor categories as follows, subject to the terms and conditions of the final Prospectus:<\/p>\n\n\n\n<style>\n  .gp-ncd-table-wrap {\n    max-width: 950px;\n    margin: 32px auto;\n    background: #ffffff;\n    border: 1px solid #dce5f2;\n    border-radius: 14px;\n    overflow: hidden;\n    box-shadow: 0 6px 24px rgba(25, 56, 109, 0.08);\n    font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, Arial, sans-serif;\n  }\n\n  .gp-ncd-table-header {\n    background: #19386d;\n    padding: 20px 24px;\n  }\n\n  .gp-ncd-table-header h2 {\n    margin: 0;\n    color: #ffffff;\n    font-size: 21px;\n    font-weight: 700;\n    line-height: 1.3;\n  }\n\n  .gp-ncd-table-header p {\n    margin: 5px 0 0;\n    color: #dce7f7;\n    font-size: 13px;\n  }\n\n  .gp-ncd-table {\n    width: 100%;\n    border-collapse: collapse;\n    margin: 0;\n  }\n\n  .gp-ncd-table tr {\n    border-bottom: 1px solid #edf1f6;\n  }\n\n  .gp-ncd-table tr:last-child {\n    border-bottom: none;\n  }\n\n  .gp-ncd-table th {\n    background: #f7f9fc;\n    color: #4b5563;\n    font-weight: 700;\n    font-size: 14px;\n    padding: 14px 20px;\n    text-align: left;\n    border-bottom: 2px solid #edf1f6;\n  }\n\n  .gp-ncd-table td {\n    padding: 14px 20px;\n    font-size: 14px;\n    line-height: 1.5;\n    color: #1f2937;\n    font-weight: 500;\n  }\n\n  .gp-category-badge {\n    display: inline-block;\n    padding: 4px 8px;\n    background: #f1f4f9;\n    color: #19386d;\n    border: 1px solid #d9e2ef;\n    border-radius: 6px;\n    font-size: 12px;\n    font-weight: 700;\n  }\n\n  .gp-metric-value {\n    display: inline-block;\n    padding: 5px 12px;\n    background: #eef3fa;\n    border-radius: 6px;\n    color: #19386d;\n    font-weight: 700;\n  }\n\n  @media (max-width: 650px) {\n    .gp-ncd-table-wrap {\n      margin: 24px 0;\n      border-radius: 10px;\n    }\n\n    .gp-ncd-table-header {\n      padding: 18px;\n    }\n\n    .gp-ncd-table-header h2 {\n      font-size: 19px;\n    }\n\n    .gp-ncd-table th,\n    .gp-ncd-table td {\n      padding: 12px 14px;\n      font-size: 13px;\n    }\n  }\n<\/style>\n\n<div class=\"gp-ncd-table-wrap\">\n\n  <!-- Header -->\n  <div class=\"gp-ncd-table-header\">\n    <h2><span class=\"ez-toc-section\" id=\"Investor_Category_Allocation\"><\/span>Investor Category Allocation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n    <p>Breakdown of allocation percentages across investor classes<\/p>\n  <\/div>\n\n  <!-- Table -->\n  <div class=\"pcrstb-wrap\"><table class=\"gp-ncd-table\">\n    <thead>\n      <tr>\n        <th>Category<\/th>\n        <th>Investor Category<\/th>\n        <th style=\"text-align: right;\">Allocation (%)<\/th>\n      <\/tr>\n    <\/thead>\n    <tbody>\n\n      <tr>\n        <td>\n          <span class=\"gp-category-badge\">Category I<\/span>\n        <\/td>\n        <td>Institutional Investors<\/td>\n        <td style=\"text-align: right;\">\n          <span class=\"gp-metric-value\">10%<\/span>\n        <\/td>\n      <\/tr>\n\n      <tr>\n        <td>\n          <span class=\"gp-category-badge\">Category II<\/span>\n        <\/td>\n        <td>Non-Institutional Investors<\/td>\n        <td style=\"text-align: right;\">\n          <span class=\"gp-metric-value\">10%<\/span>\n        <\/td>\n      <\/tr>\n\n      <tr>\n        <td>\n          <span class=\"gp-category-badge\">Category III<\/span>\n        <\/td>\n        <td>High Net-worth Individual Investors<\/td>\n        <td style=\"text-align: right;\">\n          <span class=\"gp-metric-value\">40%<\/span>\n        <\/td>\n      <\/tr>\n\n      <tr>\n        <td>\n          <span class=\"gp-category-badge\">Category IV<\/span>\n        <\/td>\n        <td>Retail Individual Investors<\/td>\n        <td style=\"text-align: right;\">\n          <span class=\"gp-metric-value\">40%<\/span>\n        <\/td>\n      <\/tr>\n\n    <\/tbody>\n  <\/table><\/div>\n\n<\/div>\n\n\n\n<p>The final allocation will be subject to the applicable provisions of the Prospectus and the basis of allotment determined after the issue closes.<\/p>\n\n\n\n<p>Recent IPOs:<\/p>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><div class=\"wp-block-latest-posts__featured-image aligncenter\"><a href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/\" aria-label=\"SMC Global, Securities NCD Issue 2026: 10% Yield, Rating, Details, and How to Invest\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/05123315\/SMC-GLOBAL-SECURITIES-NCD-IPO--1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"SMC-GLOBAL-SECURITIES-(NCD-IPO)-\" style=\"\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/05123315\/SMC-GLOBAL-SECURITIES-NCD-IPO--1024x576.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/05123315\/SMC-GLOBAL-SECURITIES-NCD-IPO--300x169.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/05123315\/SMC-GLOBAL-SECURITIES-NCD-IPO--768x432.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/05123315\/SMC-GLOBAL-SECURITIES-NCD-IPO--1536x864.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/05123315\/SMC-GLOBAL-SECURITIES-NCD-IPO-.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/\">SMC Global, Securities NCD Issue 2026: 10% Yield, Rating, Details, and How to Invest<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image aligncenter\"><a href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/edelweiss-financial-services-limited-ncd-ipo-4\/\" aria-label=\"Edelweiss Financial Services Limited NCD IPO\"><img decoding=\"async\" width=\"1024\" height=\"486\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/09\/18163606\/Blog-banner-2%402x-1024x486.png\" class=\"attachment-large size-large wp-post-image\" alt=\"Edelweiss Financial Services NCD IPO\" style=\"\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/09\/18163606\/Blog-banner-2%402x-1024x486.png 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/09\/18163606\/Blog-banner-2%402x-300x142.png 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/09\/18163606\/Blog-banner-2%402x-768x364.png 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/09\/18163606\/Blog-banner-2%402x-1536x728.png 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/09\/18163606\/Blog-banner-2%402x-2048x971.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/edelweiss-financial-services-limited-ncd-ipo-4\/\">Edelweiss Financial Services Limited NCD IPO<\/a><\/li>\n<li><div class=\"wp-block-latest-posts__featured-image aligncenter\"><a href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-limited-ncd-ipo-tranche-5-september-2026\/\" aria-label=\"Muthoot Fincorp Limited NCD IPO September 2026: Should You Invest? Interest Rates, Review, Dates &amp; Credit Rating\"><img decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/09\/07193541\/Muthoot-Fincorp-Limited-NCD-IPO-1-1024x576.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"Muthoot Fincorp Limited NCD IPO (1)\" style=\"\" srcset=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/09\/07193541\/Muthoot-Fincorp-Limited-NCD-IPO-1-1024x576.jpg 1024w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/09\/07193541\/Muthoot-Fincorp-Limited-NCD-IPO-1-300x169.jpg 300w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/09\/07193541\/Muthoot-Fincorp-Limited-NCD-IPO-1-768x432.jpg 768w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/09\/07193541\/Muthoot-Fincorp-Limited-NCD-IPO-1-1536x864.jpg 1536w, https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/09\/07193541\/Muthoot-Fincorp-Limited-NCD-IPO-1.jpg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/div><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/muthoot-fincorp-limited-ncd-ipo-tranche-5-september-2026\/\">Muthoot Fincorp Limited NCD IPO September 2026: Should You Invest? Interest Rates, Review, Dates &amp; Credit Rating<\/a><\/li>\n<\/ul>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Invest_in_SMC_Global_Securities_NCD_IPO_via_GoldenPi\"><\/span><strong>How to Invest in SMC Global Securities NCD IPO via GoldenPi<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Log in to your GoldenPi account.<\/li>\n\n\n\n<li>Search for the <strong>SMC Global Securities NCD<\/strong> issue.<\/li>\n\n\n\n<li>Select your preferred series based on the available tenure and interest-payment option.<\/li>\n\n\n\n<li>Enter the investment amount, with a minimum application of \u20b910,000, and complete the application using the applicable payment\/application mechanism.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Financial_Overview_of_SMC_Global_Securities_Limited\"><\/span><strong>Financial Overview of SMC Global Securities Limited<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Consolidated Financial Highlights (in \u20b9 Crore)<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"pcrstb-wrap\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Particulars<\/strong><\/td><td><strong>FY 2023-24<\/strong><\/td><td><strong>FY 2024-25<\/strong><\/td><td><strong>FY 2025-26<\/strong><\/td><td><strong>Q1 FY 2026-27<\/strong><\/td><\/tr><tr><td><strong>Revenue from Operations<\/strong><\/td><td>\u20b91,638.41 Cr<\/td><td>\u20b91,775.74 Cr<\/td><td>\u20b91,876.92 Cr<\/td><td>\u20b9515.08 Cr<\/td><\/tr><tr><td><strong>Total Income<\/strong><\/td><td>\u20b91,644.59 Cr<\/td><td>\u20b91,785.72 Cr<\/td><td>\u20b91,884.49 Cr<\/td><td>\u20b9515.60 Cr<\/td><\/tr><tr><td><strong>Total Expenses<\/strong><\/td><td>\u20b91,400.06 Cr<\/td><td>\u20b91,593.69 Cr<\/td><td>\u20b91,749.96 Cr<\/td><td>\u20b9469.02 Cr<\/td><\/tr><tr><td><strong>Profit After Tax (PAT)<\/strong><\/td><td>\u20b9188.28 Cr<\/td><td>\u20b9146.81 Cr<\/td><td>\u20b9103.25 Cr<\/td><td>\u20b936.74 Cr<\/td><\/tr><tr><td><strong>Net Worth (Equity)<\/strong><\/td><td>\u20b91,095.73 Cr<\/td><td>\u20b91,217.17 Cr<\/td><td>\u20b91,303.98 Cr<\/td><td>\u20b91,340.74 Cr<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Standalone Financial Highlights (in \u20b9 Crore)<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"pcrstb-wrap\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Particulars<\/strong><\/td><td><strong>FY 2023-24<\/strong><\/td><td><strong>FY 2024-25<\/strong><\/td><td><strong>FY 2025-26<\/strong><\/td><td><strong>Q1 FY 2026-27<\/strong><\/td><\/tr><tr><td><strong>Total Income<\/strong><\/td><td>\u20b9883.46 Cr<\/td><td>\u20b9955.38 Cr<\/td><td>\u20b9998.54 Cr<\/td><td>\u20b9280.07 Cr<\/td><\/tr><tr><td><strong>Expenses<\/strong><\/td><td>\u20b9703.51 Cr<\/td><td>\u20b9824.21 Cr<\/td><td>\u20b9897.64 Cr<\/td><td>\u20b9248.45 Cr<\/td><\/tr><tr><td><strong>Profit After Tax (PAT)<\/strong><\/td><td>\u20b9141.03 Cr<\/td><td>\u20b9105.26 Cr<\/td><td>\u20b981.32 Cr<\/td><td>\u20b925.12 Cr<\/td><\/tr><tr><td><strong>Net Worth<\/strong><\/td><td>\u20b9883.80 Cr<\/td><td>\u20b9962.57 Cr<\/td><td>\u20b91,018.17 Cr<\/td><td>\u20b91,043.15 Cr<\/td><\/tr><\/tbody><\/table><\/div><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cash_Flow_Summary_in_%E2%82%B9_Crore\"><\/span><strong>Cash Flow Summary (in \u20b9 Crore)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<style>\n  .cashflow-table-wrap {\n    max-width: 900px;\n    margin: 32px auto;\n    padding: 24px;\n    background: #ffffff;\n    font-family: -apple-system, BlinkMacSystemFont, \"Segoe UI\", Roboto, Arial, sans-serif;\n    box-sizing: border-box;\n    overflow-x: auto;\n  }\n\n  .cashflow-title {\n    margin: 0 0 16px 12px;\n    color: #19386d;\n    font-size: 22px;\n    font-weight: 700;\n  }\n\n  .cashflow-subtitle {\n    margin: 20px 0 8px 12px;\n    color: #2d3748;\n    font-size: 17px;\n    font-weight: 600;\n  }\n\n  .cashflow-table {\n    width: 100%;\n    border-collapse: separate;\n    border-spacing: 12px;\n    margin: 0 0 24px 0;\n  }\n\n  .cashflow-table th,\n  .cashflow-table td {\n    padding: 18px 14px;\n    text-align: center;\n    border-radius: 8px;\n    font-size: 16px;\n    vertical-align: middle;\n    box-sizing: border-box;\n  }\n\n  \/* Empty Top-Left Cell *\/\n  .cashflow-table th.empty-header {\n    background: transparent;\n  }\n\n  \/* Year Headers Styling *\/\n  .cashflow-table th.year-header {\n    background: #ebdcd0;\n    color: #8c684d;\n    font-size: 18px;\n    font-weight: 600;\n  }\n\n  \/* Row Title Cells (Teal Green) *\/\n  .cashflow-table td.row-title {\n    background: #a3dacd;\n    color: #83522f;\n    font-style: italic;\n    font-family: Georgia, serif;\n    font-size: 15px;\n    line-height: 1.3;\n    font-weight: 600;\n    width: 25%;\n    text-align: center;\n  }\n\n  \/* Year Column Progressive Pastel Colors *\/\n  .col-fy24 {\n    background: #fffde3;\n    color: #8c684d;\n    font-size: 16px;\n    font-weight: 600;\n  }\n\n  .col-fy25 {\n    background: #fde8ca;\n    color: #8c684d;\n    font-size: 16px;\n    font-weight: 600;\n  }\n\n  .col-fy26 {\n    background: #f8d3b0;\n    color: #8c684d;\n    font-size: 16px;\n    font-weight: 600;\n  }\n\n  @media (max-width: 768px) {\n    .cashflow-table {\n      border-spacing: 6px;\n    }\n\n    .cashflow-table th,\n    .cashflow-table td {\n      padding: 12px 6px;\n      font-size: 13px;\n    }\n\n    .cashflow-table th.year-header {\n      font-size: 14px;\n    }\n\n    .cashflow-table td.row-title {\n      font-size: 11px;\n    }\n  }\n<\/style>\n\n<div class=\"cashflow-table-wrap\">\n\n  <h2 class=\"cashflow-title\"><span class=\"ez-toc-section\" id=\"Cash_Flow_Summary_in_%E2%82%B9_Crore-2\"><\/span>Cash Flow Summary (in \u20b9 Crore)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n  <!-- Consolidated Cash Flow -->\n  <h3 class=\"cashflow-subtitle\">Consolidated Cash Flow<\/h3>\n  <div class=\"pcrstb-wrap\"><table class=\"cashflow-table\">\n    <thead>\n      <tr>\n        <th class=\"empty-header\"><\/th>\n        <th class=\"year-header\">FY 2023-24<\/th>\n        <th class=\"year-header\">FY 2024-25<\/th>\n        <th class=\"year-header\">FY 2025-26<\/th>\n      <\/tr>\n    <\/thead>\n    <tbody>\n      <tr>\n        <td class=\"row-title\">Cash Flow from<br>Operating Activities<\/td>\n        <td class=\"col-fy24\">-\u20b9192.79 Cr<\/td>\n        <td class=\"col-fy25\">\u20b923.54 Cr<\/td>\n        <td class=\"col-fy26\">-\u20b972.91 Cr<\/td>\n      <\/tr>\n      <tr>\n        <td class=\"row-title\">Cash Flow from<br>Investing Activities<\/td>\n        <td class=\"col-fy24\">-\u20b928.66 Cr<\/td>\n        <td class=\"col-fy25\">-\u20b926.81 Cr<\/td>\n        <td class=\"col-fy26\">-\u20b942.71 Cr<\/td>\n      <\/tr>\n      <tr>\n        <td class=\"row-title\">Cash Flow from<br>Financing Activities<\/td>\n        <td class=\"col-fy24\">\u20b9316.08 Cr<\/td>\n        <td class=\"col-fy25\">\u20b924.45 Cr<\/td>\n        <td class=\"col-fy26\">\u20b9110.39 Cr<\/td>\n      <\/tr>\n    <\/tbody>\n  <\/table><\/div>\n\n  <!-- Standalone Cash Flow -->\n  <h3 class=\"cashflow-subtitle\">Standalone Cash Flow<\/h3>\n  <div class=\"pcrstb-wrap\"><table class=\"cashflow-table\">\n    <thead>\n      <tr>\n        <th class=\"empty-header\"><\/th>\n        <th class=\"year-header\">FY 2023-24<\/th>\n        <th class=\"year-header\">FY 2024-25<\/th>\n        <th class=\"year-header\">FY 2025-26<\/th>\n      <\/tr>\n    <\/thead>\n    <tbody>\n      <tr>\n        <td class=\"row-title\">Cash Flow from<br>Operating Activities<\/td>\n        <td class=\"col-fy24\">-\u20b9133.91 Cr<\/td>\n        <td class=\"col-fy25\">-\u20b9111.36 Cr<\/td>\n        <td class=\"col-fy26\">-\u20b9162.17 Cr<\/td>\n      <\/tr>\n      <tr>\n        <td class=\"row-title\">Cash Flow from<br>Investing Activities<\/td>\n        <td class=\"col-fy24\">\u20b90.54 Cr<\/td>\n        <td class=\"col-fy25\">\u20b91.51 Cr<\/td>\n        <td class=\"col-fy26\">-\u20b982.36 Cr<\/td>\n      <\/tr>\n      <tr>\n        <td class=\"row-title\">Cash Flow from<br>Financing Activities<\/td>\n        <td class=\"col-fy24\">\u20b9165.91 Cr<\/td>\n        <td class=\"col-fy25\">\u20b972.18 Cr<\/td>\n        <td class=\"col-fy26\">\u20b9282.08 Cr<\/td>\n      <\/tr>\n    <\/tbody>\n  <\/table><\/div>\n\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SMC_Global_Securities_NCD_Key_Points\"><\/span><strong>SMC Global Securities NCD: Key Points<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Security Cover<\/strong><\/h3>\n\n\n\n<p>The NCDs are secured by a <strong>pari passu charge over the company&#8217;s Trade Receivables and Margin Trading Facility (MTF)<\/strong>, created in favour of the debenture trustee. A minimum security cover of <strong>110% of the outstanding principal amount of the NCDs and interest due and payable<\/strong> is required to be maintained.<\/p>\n\n\n\n<p>The security is subject to the exclusions and arrangements specified in the prospectus, including charges in favour of existing secured charge holders.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Credit Rating<\/strong><\/h3>\n\n\n\n<p>The NCDs have been assigned a rating of <strong>[ICRA]A (Stable)<\/strong> by ICRA Limited. ICRA&#8217;s September 14, 2026 rating action confirms the rating for the non-convertible debentures.<\/p>\n\n\n\n<p>An ICRA A rating indicates an adequate degree of safety regarding timely servicing of financial obligations, with a moderate level of credit risk within ICRA&#8217;s rating scale.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Payout Options<\/strong><\/h3>\n\n\n\n<p>Investors can choose among <strong>monthly, annual and cumulative<\/strong> interest-payment options, depending on the series selected. The available tenures are 24, 36 and 60 months.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>BSE Listing<\/strong><\/h3>\n\n\n\n<p>The NCDs are proposed to be listed on <strong>BSE Limited<\/strong>. BSE has granted in-principle approval for the listing, and BSE is the designated stock exchange for the issue.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SMC_Global_Securities_NCD_Risks_to_Consider\"><\/span><strong>SMC Global Securities NCD: Risks to Consider<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Capital-Market Sensitivity<\/strong><\/h3>\n\n\n\n<p>A significant part of SMC&#8217;s business is linked to securities broking, distribution and other capital-market activities. Revenue from these activities can therefore be sensitive to market activity and trading volumes.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Negative Operating Cash Flow<\/strong><\/h3>\n\n\n\n<p>Consolidated operating cash flow was negative in FY 2023-24 and FY 2025-26, while standalone operating cash flow was negative in each of FY 2023-24, FY 2024-25 and FY 2025-26.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Legal and Regulatory Proceedings<\/strong><\/h3>\n\n\n\n<p>SMC Global Securities has disclosed various legal and regulatory matters. Separately, the company was named in a <strong>2026 CBI supplementary chargesheet related to the NSE co-location matter<\/strong>. This should be considered separately from an earlier CBI case involving SMC&#8217;s system-audit arrangements, for which a closure report was accepted in 2025.<\/p>\n\n\n\n<p>Investors should refer to the prospectus for the company&#8217;s complete disclosure of legal and regulatory proceedings and associated risks.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Shared Security<\/strong><\/h3>\n\n\n\n<p>The security for the NCDs is subject to the pari passu arrangements and exclusions described in the prospectus, including existing secured charge holders. Investors should review the security-creation and charge-related disclosures before investing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"About_SMC_Global_Securities_Limited\"><\/span><strong>About SMC Global Securities Limited<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Established in <strong>1994<\/strong>, SMC Global Securities Limited is a diversified financial-services company with businesses spanning securities broking, distribution, wealth management, investment banking, financing and other financial services.<\/p>\n\n\n\n<p>The SMC Group has operations and memberships across major Indian exchanges, including <strong>BSE, NSE, MCX, NCDEX and MSEI<\/strong>, through the relevant group entities.<\/p>\n\n\n\n<p>The group also operates in lending through <strong>Moneywise Financial Services<\/strong> and insurance broking through <strong>SMC Insurance Brokers<\/strong>, alongside its securities-market businesses.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>SMC Global Securities&#8217; October 2026 NCD issue offers six series across 24-, 36- and 60-month tenures, with effective yields ranging from <strong>9.50% to 10.00% p.a.<\/strong> The issue has a base size of <strong>\u20b975 crore<\/strong> and can be increased to <strong>\u20b9150 crore<\/strong> through the oversubscription option.<\/p>\n\n\n\n<p>The NCDs carry an <strong>[ICRA]A (Stable)<\/strong> rating and are secured by a pari passu charge over specified Trade Receivables and MTF, with a minimum <strong>110% security cover<\/strong>. Investors should also consider the company&#8217;s cash-flow profile, capital-market sensitivity and disclosed legal and regulatory matters before making an investment decision.<\/p>\n\n\n\n<p>*The issue may close earlier or be extended, subject to the terms specified in the prospectus.<\/p>\n\n\n<div class=\"gpi-custom-widget-box\" style=\"border-left-color: #0066cc; background-color: #f0f7ff;\">\n<div class=\"gpi-custom-widget-title\" style=\"color: #0066cc;\">Ready to Invest?<\/div>\n<div class=\"gpi-custom-widget-content\">\n<p>Visit <a href=\"https:\/\/goldenpi.com\/\">GoldenPi<\/a> to explore current bond options. Compare yields, ratings, and tenures in one place and invest online with as little as \u20b930,000.<\/p>\n<\/div>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Disclaimer\"><\/span>Disclaimer<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Fixed returns do not constitute guaranteed or assured returns. Investments in corporate debt securities and municipal debt securities\/securitized debt instruments are subject to credit risks, market risks, and default risks, including delay and\/or default in payment. Read all the offer-related documents carefully. This blog\/article should not be construed as financial advice or as an offer or recommendation to buy or sell any security or any products\/services of\/on GoldenPi or any product\/services of its third-party client(s). For a detailed calculation of YTM, visit our website.&nbsp;<a href=\"https:\/\/delivery.goldenpi.com\/XPRBSN?id=162365=ch0GCFVXBVBUH1QDUlZXUlgBVgNSUwJVWgQGDFJQAVsEUwRfBldSBFVUAglRBFJSAA0ZBgxfQFBbERxBFSNTV10FU1cTDBgFDg5OAFIKVVFQBlZTVwQBBgFSAg0aC0BMQRIMFkwBUwoIFVdDHBwCCw1QAAsTWBpSVwgebDYxdmt\/Xl9dHxMF&amp;fl=WRVCSRBfGUkETltfVwNLAxVbCQwNWhpYVkpFGwMOBRcEWQMNUEoHSQJaV1BQAQQHTAZXA1IcAAMOBBxWB1IMFQUEVQxXXAEFBVQEUkpTVlMCUFEHU1JVAwhUAFECAQZaVFEADVAAVQBXVFRUUw==\" target=\"_blank\" rel=\"noreferrer noopener\">T&amp;C\u2019s Apply<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ud83d\udcdd Quick Summary: SMC Global Securities Limited is launching a secured NCD public issue aggregating up to \u20b9150 crore, comprising a base&hellip;<\/p>\n","protected":false},"author":4,"featured_media":16495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[113],"tags":[],"class_list":["post-16487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ncd-ipo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SMC Global, Securities NCD Issue 2026: 10% Yield, Rating, Details, and How to Invest - GoldenPi | Blogs<\/title>\n<meta name=\"description\" content=\"SMC Global, Securities NCD Issue 2026: 10% Yield, Rating, Details, and How to Invest\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SMC Global, Securities NCD Issue 2026: 10% Yield, Rating, Details, and How to Invest - GoldenPi | Blogs\" \/>\n<meta property=\"og:description\" content=\"SMC Global, Securities NCD Issue 2026: 10% Yield, Rating, Details, and How to Invest\" \/>\n<meta property=\"og:url\" content=\"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/\" \/>\n<meta property=\"og:site_name\" content=\"GoldenPi | Blogs\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/goldenpitech\" \/>\n<meta property=\"article:author\" content=\"goldenpitech\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-05T07:04:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-10-05T07:10:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/05123315\/SMC-GLOBAL-SECURITIES-NCD-IPO-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1600\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Abhijit Roy | CEO &amp; CO-Founder - GoldenPi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@GoldenPiTech\" \/>\n<meta name=\"twitter:site\" content=\"@GoldenPiTech\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Abhijit Roy | CEO &amp; CO-Founder - GoldenPi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\\\/\"},\"author\":{\"name\":\"Abhijit Roy | CEO &amp; CO-Founder - GoldenPi\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#\\\/schema\\\/person\\\/7b7afc706617dbf29357675946045722\"},\"headline\":\"SMC Global, Securities NCD Issue 2026: 10% Yield, Rating, Details, and How to Invest\",\"datePublished\":\"2026-10-05T07:04:26+00:00\",\"dateModified\":\"2026-10-05T07:10:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\\\/\"},\"wordCount\":1372,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/d2zny4996dl67j.cloudfront.net\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/05123315\\\/SMC-GLOBAL-SECURITIES-NCD-IPO-.jpg\",\"articleSection\":[\"NCD IPO\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\\\/\",\"url\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\\\/\",\"name\":\"SMC Global, Securities NCD Issue 2026: 10% Yield, Rating, Details, and How to Invest - GoldenPi | Blogs\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/d2zny4996dl67j.cloudfront.net\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/05123315\\\/SMC-GLOBAL-SECURITIES-NCD-IPO-.jpg\",\"datePublished\":\"2026-10-05T07:04:26+00:00\",\"dateModified\":\"2026-10-05T07:10:09+00:00\",\"description\":\"SMC Global, Securities NCD Issue 2026: 10% Yield, Rating, Details, and How to Invest\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\\\/#primaryimage\",\"url\":\"https:\\\/\\\/d2zny4996dl67j.cloudfront.net\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/05123315\\\/SMC-GLOBAL-SECURITIES-NCD-IPO-.jpg\",\"contentUrl\":\"https:\\\/\\\/d2zny4996dl67j.cloudfront.net\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/10\\\/05123315\\\/SMC-GLOBAL-SECURITIES-NCD-IPO-.jpg\",\"width\":1600,\"height\":900,\"caption\":\"SMC-GLOBAL-SECURITIES-(NCD-IPO)-\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/investment-guide\\\/ncd-ipo\\\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SMC Global, Securities NCD Issue 2026: 10% Yield, Rating, Details, and How to Invest\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/\",\"name\":\"GoldenPi | Blogs\",\"description\":\"All about bonds online in India\",\"publisher\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#organization\",\"name\":\"GoldenPi Technology Pvt Ltd\",\"url\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/d2zny4996dl67j.cloudfront.net\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/08120536\\\/Logo-01-scaled.png\",\"contentUrl\":\"https:\\\/\\\/d2zny4996dl67j.cloudfront.net\\\/blogs\\\/wp-content\\\/uploads\\\/2026\\\/05\\\/08120536\\\/Logo-01-scaled.png\",\"width\":2560,\"height\":750,\"caption\":\"GoldenPi Technology Pvt Ltd\"},\"image\":{\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/goldenpitech\",\"https:\\\/\\\/x.com\\\/GoldenPiTech\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/goldenpi\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/#\\\/schema\\\/person\\\/7b7afc706617dbf29357675946045722\",\"name\":\"Abhijit Roy | CEO &amp; CO-Founder - GoldenPi\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/753eff78609551874c9773d3bee5eeab7bba3aa40f99a8b2405592eed9d9df89?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/753eff78609551874c9773d3bee5eeab7bba3aa40f99a8b2405592eed9d9df89?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/753eff78609551874c9773d3bee5eeab7bba3aa40f99a8b2405592eed9d9df89?s=96&d=blank&r=g\",\"caption\":\"Abhijit Roy | CEO &amp; CO-Founder - GoldenPi\"},\"description\":\"With over 15 years of experience across fixed income and debt markets, he brings deep domain expertise along with a strong focus on investor education and transparency. An alumnus of IIT Kharagpur and IIM Calcutta, his views are personal and should not be considered investment advice.\",\"sameAs\":[\"goldenpitech\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/goldenpi\\\/\",\"https:\\\/\\\/x.com\\\/GoldenPiTech\"],\"url\":\"https:\\\/\\\/goldenpi.com\\\/blog\\\/author\\\/goldenpi\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SMC Global, Securities NCD Issue 2026: 10% Yield, Rating, Details, and How to Invest - GoldenPi | Blogs","description":"SMC Global, Securities NCD Issue 2026: 10% Yield, Rating, Details, and How to Invest","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/","og_locale":"en_US","og_type":"article","og_title":"SMC Global, Securities NCD Issue 2026: 10% Yield, Rating, Details, and How to Invest - GoldenPi | Blogs","og_description":"SMC Global, Securities NCD Issue 2026: 10% Yield, Rating, Details, and How to Invest","og_url":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/","og_site_name":"GoldenPi | Blogs","article_publisher":"https:\/\/www.facebook.com\/goldenpitech","article_author":"goldenpitech","article_published_time":"2026-10-05T07:04:26+00:00","article_modified_time":"2026-10-05T07:10:09+00:00","og_image":[{"width":1600,"height":900,"url":"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/05123315\/SMC-GLOBAL-SECURITIES-NCD-IPO-.jpg","type":"image\/jpeg"}],"author":"Abhijit Roy | CEO &amp; CO-Founder - GoldenPi","twitter_card":"summary_large_image","twitter_creator":"@GoldenPiTech","twitter_site":"@GoldenPiTech","twitter_misc":{"Written by":"Abhijit Roy | CEO &amp; CO-Founder - GoldenPi","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/#article","isPartOf":{"@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/"},"author":{"name":"Abhijit Roy | CEO &amp; CO-Founder - GoldenPi","@id":"https:\/\/goldenpi.com\/blog\/#\/schema\/person\/7b7afc706617dbf29357675946045722"},"headline":"SMC Global, Securities NCD Issue 2026: 10% Yield, Rating, Details, and How to Invest","datePublished":"2026-10-05T07:04:26+00:00","dateModified":"2026-10-05T07:10:09+00:00","mainEntityOfPage":{"@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/"},"wordCount":1372,"commentCount":0,"publisher":{"@id":"https:\/\/goldenpi.com\/blog\/#organization"},"image":{"@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/#primaryimage"},"thumbnailUrl":"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/05123315\/SMC-GLOBAL-SECURITIES-NCD-IPO-.jpg","articleSection":["NCD IPO"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/","url":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/","name":"SMC Global, Securities NCD Issue 2026: 10% Yield, Rating, Details, and How to Invest - GoldenPi | Blogs","isPartOf":{"@id":"https:\/\/goldenpi.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/#primaryimage"},"image":{"@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/#primaryimage"},"thumbnailUrl":"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/05123315\/SMC-GLOBAL-SECURITIES-NCD-IPO-.jpg","datePublished":"2026-10-05T07:04:26+00:00","dateModified":"2026-10-05T07:10:09+00:00","description":"SMC Global, Securities NCD Issue 2026: 10% Yield, Rating, Details, and How to Invest","breadcrumb":{"@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/#primaryimage","url":"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/05123315\/SMC-GLOBAL-SECURITIES-NCD-IPO-.jpg","contentUrl":"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/10\/05123315\/SMC-GLOBAL-SECURITIES-NCD-IPO-.jpg","width":1600,"height":900,"caption":"SMC-GLOBAL-SECURITIES-(NCD-IPO)-"},{"@type":"BreadcrumbList","@id":"https:\/\/goldenpi.com\/blog\/investment-guide\/ncd-ipo\/smc-global-securities-ncd-ipo-2026-10-yield-rating-details-and-how-to-invest\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/goldenpi.com\/blog\/"},{"@type":"ListItem","position":2,"name":"SMC Global, Securities NCD Issue 2026: 10% Yield, Rating, Details, and How to Invest"}]},{"@type":"WebSite","@id":"https:\/\/goldenpi.com\/blog\/#website","url":"https:\/\/goldenpi.com\/blog\/","name":"GoldenPi | Blogs","description":"All about bonds online in India","publisher":{"@id":"https:\/\/goldenpi.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/goldenpi.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/goldenpi.com\/blog\/#organization","name":"GoldenPi Technology Pvt Ltd","url":"https:\/\/goldenpi.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/goldenpi.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/05\/08120536\/Logo-01-scaled.png","contentUrl":"https:\/\/d2zny4996dl67j.cloudfront.net\/blogs\/wp-content\/uploads\/2026\/05\/08120536\/Logo-01-scaled.png","width":2560,"height":750,"caption":"GoldenPi Technology Pvt Ltd"},"image":{"@id":"https:\/\/goldenpi.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/goldenpitech","https:\/\/x.com\/GoldenPiTech","https:\/\/www.linkedin.com\/company\/goldenpi\/"]},{"@type":"Person","@id":"https:\/\/goldenpi.com\/blog\/#\/schema\/person\/7b7afc706617dbf29357675946045722","name":"Abhijit Roy | CEO &amp; CO-Founder - GoldenPi","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/753eff78609551874c9773d3bee5eeab7bba3aa40f99a8b2405592eed9d9df89?s=96&d=blank&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/753eff78609551874c9773d3bee5eeab7bba3aa40f99a8b2405592eed9d9df89?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/753eff78609551874c9773d3bee5eeab7bba3aa40f99a8b2405592eed9d9df89?s=96&d=blank&r=g","caption":"Abhijit Roy | CEO &amp; CO-Founder - GoldenPi"},"description":"With over 15 years of experience across fixed income and debt markets, he brings deep domain expertise along with a strong focus on investor education and transparency. An alumnus of IIT Kharagpur and IIM Calcutta, his views are personal and should not be considered investment advice.","sameAs":["goldenpitech","https:\/\/www.linkedin.com\/company\/goldenpi\/","https:\/\/x.com\/GoldenPiTech"],"url":"https:\/\/goldenpi.com\/blog\/author\/goldenpi\/"}]}},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/posts\/16487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/comments?post=16487"}],"version-history":[{"count":6,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/posts\/16487\/revisions"}],"predecessor-version":[{"id":16500,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/posts\/16487\/revisions\/16500"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/media\/16495"}],"wp:attachment":[{"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/media?parent=16487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/categories?post=16487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldenpi.com\/blog\/wp-json\/wp\/v2\/tags?post=16487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}