Skip to main content

Stock broker SMC Global files for IPO


Financial services company SMC Global Securities has filed draft red herring prospectus with SEBI for public issue of 1,58,67,380 equity shares of face value of Rs 2 each.

The issue comprises a fresh issue of 79,33,690 equity shares by the company and an offer for sale of 79,33,690 shares by Millennium India Acquisition Company Inc.

As of September 30, 2012, "We service our broking clients through a network of 43 branches and 2,521 registered sub-brokers and authorized persons spread in more than 500 cities and towns. We have also established an office in Dubai for brokerage and trading activities in that region," the company said.

SMC has reported a loss of Rs 0.42 crore and total revenues of Rs 292.24 crore in the year ended March 31, 2012.

"The proceeds of the fresh issue shall be utilised for margin maintenance with stock exchanges; part repayment of term loan; investments into subsidiary, SMC Comtrade; and general corporate purposes," according to prospectus.

Tata Securities Limited and IL&FS Capital Advisors Limited are the book running lead managers to the issue.

Equity shares of the company are currently listed on the Delhi Stock Exchange Limited, Ludhiana Stock Exchange Limited, Calcutta Stock Exchange Limited, Ahmedabad Stock Exchange Limited and the Guwahati Stock Exchange Limited.

Sandip Ginodia
ABHISHEK SECURITIES

We deal in over 60 unlisted companies with 15 years of expeirence . For latest prices visit :www.abhisheksecurities.com/unlisted.htm / call : 09830271248 .



For more info and regular updates about unlisted shares and the stock market :
Like us on facebook : www.facebook.com/abhisheksecurities 

Labels:

Comments

  1. Anonymous27 February 2013 at 23:43

    HI,

    I HAVE 13000/- PHYSICAL SHARES OF DIFFERENT COMPANIES I REQUEST YOU TO KINDLY LET ME KNOW WHAT IS THE PROCESS TO SELL.

    U CAN REACH ME AT THE DETAILS MENTIONED IN UNDERSIGNED.

    NEHA JAIN
    9899154859
    BVIMR.NEHA@GMAIL.COM

    ReplyDelete
  2. Abhishek Securities1 March 2013 at 01:18

    Please send of list of the companies which you have along with the requisite quantities at sandip@abhisheksecurities.com and some one will get in touch with you .

    Thank you,
    Sandip Ginodia
    Abhishek Securities

    ReplyDelete
  3. Anonymous4 September 2013 at 05:07

    Asking questions are truly fastidious thing if you are not understanding
    anything fully, however this paragraph gives pleasant understanding even.



    Also visit my web page stock broker

    ReplyDelete
  4. Unknown13 September 2013 at 05:40

    Nice post
    Online Share Trading
    Mobile Trading
    Financial Market

    ReplyDelete
  5. Unknown30 December 2014 at 23:56

    Intraday trading tips like stock cash tips are helpful in making good profit on your investment. Once try TheEquicom Research for free and start making good money.
    stock cash tips

    ReplyDelete
  6. Unknown10 March 2015 at 03:00

    THE EQUICOM CALL: SELL PRESTIGE ESTATES PROJECTS LTD BELOW 266.20 TG-264.00/260.80/255.00 SL-270.00 (CMP-266.45)
    stock tips by experts

    ReplyDelete
  7. Unknown18 January 2016 at 23:53

    Your blog is quite useful and interesting.keep updating..Best Broker in India

    ReplyDelete
  8. Abhishek Securities9 February 2016 at 05:09

    Thank You. Your kind words keep us going.

    ReplyDelete
  9. Anonymous29 June 2019 at 02:51

    very nice content. This is also one of the [best stock brokers in india|https://www.hemsecurities.com/]

    ReplyDelete
  10. Anonymous29 June 2019 at 03:01

    [Best mutual fund advisor](https://hemsecurities.com#comment-formatting)

    ReplyDelete

Post a Comment

Please leave your name and email id along with the comment .
Get the updates from this blog direct to your inbox . Fill in your email id on the home page.

Popular posts from this blog

Reliance's JioMart is averaging half a million orders per day; WhatsApp driving growth

  JioMart , Reliance's online-to-offline commerce  platform that launched in May , has scaled up rapidly, riding on the pandemic-fuelled digital acceleration. The service, which went   live in 200 cities across India, is currently processing an average of  500,000 orders per day. " We can go even higher on peak days",  Jio Platforms CEO   Kiran Thomas  revealed at the Facebook for Fuel India 2020 event. He said, "JioMart is empowering millions of  kiranas  and small merchants through the simple and secure platform of WhatsApp, and linking them to Reliance Retail's pan-India supply chain. We expect to grow manifold in future, and are optimistic about enabling new cohorts of users and making it easier for them to shop for daily essentials."  "Customers are transacting seamlessly on JioMart and the  conversational nature of the service  enabled by WhatsApp has made people adapt to it intuitively," he added. Reliance also stated that it will continue t
Post a Comment
Read more

TCS merger with TCS e serve

The board of Tata Consultancy Services (TCS) in its meeting on 18 October 2012 has approved the composite scheme of arrangement between TCS, TCS e-Serve (e-Serve) and TCS e-Serve International (TEIL). The composite scheme of arrangement provides for merger of e-Serve into TCS and demerger of TEIL's special economic zone (SEZ) undertaking(s) to TCS. The appointed date proposed for this scheme is 01 April 2013. TCS holds 96.26% of the paid up equity share capital of e-Serve. TEIL is a wholly owned subsidiary of e-Serve. As per the terms of the scheme of arrangement, shareholders of e-Serve (other than TCS) will receive 13 equity shares of Re 1 each of TCS for every 4 equity shares of Rs 10 each of e-Serve held by them. The board has approved the scheme of merger of Computational Research Laboratories (CRL) and Retail FullServe (RFL) with TCS. The proposed appointed date for the merger of CRL is 01 October 2012 and for the merger of RFL is 01 April 2012. Computational Res
2 comments
Read more