On Wednesday, shares of SMC Global Securities were listed on ₹90.90 on NSE and ₹91.60 on BSE.
SMC Global Securities was already listed on regional stock exchanges. In accordance with Sebi’s guidelines, the company, through a direct registration process, was listed on NSE and BSE without any public issues.
The company already has a public stake of around 38%.
“The shares were listed on ₹90.90 on NSE and ₹91.60 on BSE, ”SMC Global Securities said in a statement.
“It is a great pleasure for us to integrate SMC Global on the NSE motherboard platform. We believe that the brokerage business has a major role to play in financial inclusion and the ongoing digital revolution, ”said Vikram Limaye, MD and CEO, National Stock Exchange.
“We have a well-diversified public ownership and this listing provides liquidity to our shareholders … This milestone marks a step forward in our aspiration to become a global organization with a dominant position in financial and investment services through a client-centric approach, ”said Subhash C Aggarwal, SMC Global Securities.
Established in 1994, SMC Global Securities is a financial services provider offering diversified financial services.
It operates in over 550 cities in India through a network of 95 branches, including an overseas office in Dubai, supported by over 2,500 sub-brokers / authorized persons and over 13,700 independent distributors.