Penny stock below Re 1: NBFC stock in focus after ₹50 crore fundraise via issuance of NCDs
Penny stock below Re 1: Standard Capital Markets announced on Friday, May 2, that it will raise ₹50 crore by issuing non-convertible debentures (NCDs) on a private placement basis. The small-cap non-banking financial company (NBFC) considered and approved the allotment of 5000 unrated, unlisted, secured NCDs, with a face value of Rs. 1,00,000 each, at an issue price of Rs. 1,00,000 each, aggregating to ₹50 crore on a private placement basis.
Last month, the NBFC’s board members decided the company would foray into the alternate investment fund (AIF) business with an initial investment of ₹50 crore. The NBFC’s wholly-owned subsidiary, Standard Capital Advisors Ltd, will be the AIF’s investment manager, looking after the assets and investments of the AIF fund business.
Penny stock below Re 1: Standard Capital to raise funds via NCDs
“In furtherance to our intimation letter dated April 30, 2025, relating to raising funds by the issue of NCDs on private placement basis, we wish to inform you that the Board of Directors of the company by circulation held today, i.e. Friday, May 02, 2025, has inter-alia, considered and approved the allotment of 5,000 unrated, unlisted, secured NCDs, of face value of Rs. 1,00,000 each at an issue price of ₹1,00,000 each aggregating to ₹50,00,00,000 on private placement basis in terms of private placement cum application letter,” said Standard Capital Markets in a regulatory filing to the stock exchanges.
Penny stock under Re 1: Standard Capital Markets Share Price Trend
On Friday, shares of Standard Capital Markets settled 3.03 per cent higher at ₹0.68 apiece on the BSE. The penny stock has nosedived 19.05 per cent in one month, 55.26 per cent in six months, 30.61 per cent year-to-date (YTD), and 70.18 per cent in one year. The NBFC commands a market cap of ₹117.64 crore.
