Stock Under Rs 35 in Focus as Company to Consider and Approve Allotment of Non-Convertible Debentures on a Private Placement Basis
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.
Paisalo Digital Limited inform you that the Operations and Finance Committee of the Board of Directors of Paisalo Digital Limited is scheduled to be held on June 3, 2025, to consider and approve allotment of Non-Convertible Debentures on a Private Placement basis.
Earlier, the company had approved the issuance of unlisted, secured Non-Convertible Debentures (NCDs) through a private placement via the EBP Platform. The issue size can go up to 5,000 NCDs, each with a face value of Rs. 1,00,000, aggregating to Rs 50,00,00,000. This includes a base issue of Rs 25,00,00,000 with a green shoe option for an additional Rs 25,00,00,000. These NCDs, carrying a 10 per cent annual coupon rate payable monthly, will have a 24-month tenure and are proposed to be listed on BSE Limited, with a tentative allotment date of May 22, 2025. They will be secured by a first-ranking pari-passu charge on loan receivables, maintaining a security cover of 1.10 times the outstanding principal. In delayed payments, the interest rate will increase by 2 per cent per annum.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, download the service details here.
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 3,000 crore. In its quarterly 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 6 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.