Penny stock below Rs 50 in focus as promoter bought 99,000 shares via open market & allotment of 600 listed commercial papers
The stock is up by 5 per cent from its 52-week low of Rs 29.75 per share.
On June 24, 2025, Paisalo Digital Limited, an RBI-registered NBFC, announced the acquisition of 99,000 equity shares, each with a face value of Re 1, through an open market transaction. The acquirer, EQUILIBRATED VENTURE CFLOW (P) LTD., belongs to the promoter/promoter group. This acquisition did not alter the total equity share capital of Paisalo Digital Limited, which remains at Rs 90,21,18,289 divided into 90,21,18,289 equity shares of Re 1 each, both before and after the transaction. The shares of Paisalo Digital Limited are listed on the National Stock Exchange of India Limited and BSE Limited.
Additionally, the company’s Operations and Finance Committee has approved the allocation of Commercial Papers (CPs) totalling up to Rs 480 crore through private placement. As part of this, the company has allotted 600 listed CPs, each with a face value of Rs 5,00,000, aggregating to Rs 30 crore, to the State Bank of India. These CPs were issued at a yield of 11 per cent with an issue price of Rs 4,86,653.50, resulting in an issue value of Rs 29,19,92,100. They have a tenure of 91 days, allotted on June 24, 2025, and will mature on September 23, 2025, with a redemption value of Rs 30,00,00,000. IDBI Bank Ltd. is the issuing and paying agent for this allotment.
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About the Company
Paisalo Digital Limited, a listed NBFC registered with the Reserve Bank of India, has a robust distribution network in rural and semi-urban India. Serving over 65 lakh customers through 3275 touchpoints across 22 states, Paisalo is a pioneer in credit distribution and income-generation loans. Facilitating over Rs 3,400 crore in transactions within two years, with a customer base exceeding 59 lakh, Paisalo demonstrates its commitment to financial inclusion. Its business correspondent model, strategic partnerships with banks like SBI and Bank of India, advanced technology, and customer focus enable it to reach underserved regions and provide banking services to India's underbanked population.
According to the financials, the company has a market cap of over Rs 2,700 crore. In its Quarterly Results and annual results, the company reported positive numbers. In Q4FY25, the company reported net sales of Rs 182.08 crore and the net profit increased by 26.4 per cent to Rs 46.29 crore in Q4FY25 compared to Q4FY24. In FY25 results, the net sales increased by 8 per cent to Rs 711.11 crore and the net profit increased by 12 per cent to Rs 200.12 crore compared to FY24.
In March 2025, FIIs bought 88,51,218 shares and increased their stake to 10.38 per cent in March 2025 compared to December 2024. The stock is up by 5 per cent from its 52-week low of Rs 29.75 per share. As of March 2025, SBI Life Insurance Co. Ltd owns a 9.36 per cent stake and Life Insurance Corporation of India (LIC) owns a 1.17 per cent stake.
Disclaimer: The article is for informational purposes only and not investment advice.