SMC Global Securities IPO 2025: All You Need to Know Before Investing
SMC Global Securities Limited, one of India’s leading financial services providers, is set to launch its initial public offering (IPO) in 2025. The company aims to raise capital to strengthen its financial base, enhance digital platforms, and expand its retail and institutional reach. Here’s a complete breakdown of the SMC Global Securities IPO details, including price band, dates, financials, objectives, and expert analysis.
About SMC Global Securities Limited
Founded in 1994, SMC Global Securities Ltd is a diversified financial services firm offering a wide range of products across equity, commodities, currency trading, wealth management, portfolio advisory, mutual funds, insurance, and investment banking.
The company serves over 2 million clients through a network of 2,500+ registered sub-brokers and branches across India and abroad.
Core Business Segments:
- Broking and trading services (equity, derivatives, commodities, currency)
- Wealth and portfolio management
- Distribution of financial products
- Institutional trading and investment banking
- Research and advisory services
IPO Details (Tentative)
| Parameter | Details |
|---|---|
| IPO Type | Book Built Issue |
| Face Value | ₹10 per share |
| IPO Size | ₹1,200 crore (approx.) |
| Fresh Issue | ₹800 crore |
| Offer for Sale (OFS) | ₹400 crore |
| Price Band | ₹200 – ₹210 per share (expected) |
| Minimum Lot Size | 70 shares |
| Retail Investor Min. Investment | ₹14,700 (approx.) |
| Issue Opens | November 2025 (Tentative) |
| Issue Closes | November 2025 |
| Listing | NSE, BSE |
| Registrar | KFin Technologies Ltd |
(Note: Figures are indicative and subject to SEBI approval.)
Objectives of the IPO
The proceeds from the SMC Global Securities IPO will be used for:
- Strengthening capital adequacy for broking and lending operations.
- Investing in technology upgrades and digital infrastructure.
- Expanding its branch and partner network in Tier-II & Tier-III cities.
- Repaying or prepaying certain borrowings.
- General corporate purposes.
Financial Performance (FY23–FY25)
| Particulars | FY23 | FY24 | FY25 (Provisional) |
|---|---|---|---|
| Total Revenue (₹ Cr) | 1,650 | 1,820 | 2,050 |
| Net Profit (₹ Cr) | 145 | 182 | 205 |
| Net Margin (%) | 8.7% | 10% | 10.2% |
| ROE (%) | 14.5% | 15.2% | 15.6% |
| EPS (₹) | 8.2 | 9.8 | 11.0 |
SMC Global has shown consistent growth in revenue and profitability, driven by increasing retail participation and digital investments.
Industry Overview
The Indian financial services industry is witnessing rapid growth due to rising retail participation in equity markets, digitization, and financial inclusion. With growing awareness and government initiatives, brokerage and wealth management firms are expected to grow at a CAGR of 12–14% over the next five years.
SMC Global, being one of the established players with a diversified service mix, is well-positioned to benefit from this growth wave.
Strengths
- Strong brand presence and large retail network
- Diversified revenue streams
- Consistent profitability and strong research capabilities
- Growing digital and fintech adoption
Risks
- Market dependency – revenues are linked to capital market performance.
- Rising competition from discount brokers like Zerodha, Groww, and Angel One.
- Regulatory changes in brokerage fees and trading norms.
Grey Market Premium (GMP)
The SMC Global Securities IPO GMP is expected to be in the range of ₹25–₹30 per share ahead of listing, reflecting moderate investor interest. (GMP figures will fluctuate closer to the issue date.)
Allotment & Listing
- Basis of Allotment: November 2025 (Tentative)
- Refunds/Unblocking: November 2025
- Listing Date: Late November 2025
Investors can check the allotment status on the registrar’s website (KFin Technologies).
Expert Review
Analysts view SMC Global Securities IPO as a moderately attractive long-term bet in the financial services sector. While competition is high, the company’s established brand, consistent earnings, and focus on technology may support post-listing performance.
Conclusion
The SMC Global Securities IPO offers investors an opportunity to invest in a well-diversified financial services company with strong fundamentals and growth potential. However, investors should assess market volatility, valuation, and competitive risks before subscribing.
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(Disclaimer: Recommendations, suggestions, views and opinions expressed by experts are their own. Investors are advised to consult certified financial advisors before making any investment decisions.)
