Multibagger penny stock under Re 1 jumps after Board approves Rs 900,00,00,000 secured NCDs issuance in five series with 10 per cent IRR, private placement
The stock gave multibagger returns of 500 per cent in 3 years and 1,000 per cent in 5 years.
Standard Capital Markets Ltd (SCML), a Non-Banking Financial Company registered with the Reserve Bank of India, has announced the issuance of Secured, Unlisted, Unrated, Redeemable Non-convertible Debentures (NCDs) through a private placement. The face value of each NCD is Rs 1,00,000, with a total aggregate amount of up to Rs 900 crore. This issuance will be divided into five distinct series to cater to specific business requirements.
Each series of NCDs (Series I to V) has a designated size, ranging from Rs 130 crore to Rs 250 crore. These NCDs are secured, unlisted, unrated, and redeemable, offered via private placement. They are not proposed to be listed on any stock exchange. The tenure for these instruments varies across the series, with maturity dates falling on May 30th of 2028, 2029, or 2030, and tenors of 36 or 48 months, or 60 months for Series I, whichever is earlier. The Internal Rate of Return (IRR) for all series is 10per cent, payable as a bullet payment at the end of the respective tenors, with a charge/security created over the book receivables of SCML in favour of the Debenture Trustee. No special rights or privileges are attached to these instruments, and any delay in payment beyond three months will incur an additional interest of 2per cent over the IRR on the unpaid sum.
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About the Company
Established in 1987 and registered with the RBI, Standard Capital Markets Ltd (SCML) is a diversified NBFC providing financial services like lending, investment advisory, insurance broking, arbitration and legal assistance; its subsidiary, Standard Capital Advisors Limited, focuses on merchant banking.
According to Quarterly Results, the net sales increased by 106 per cent to Rs 20.28 crore in Q3FY25 compared to net sales of Rs 9.84 crore in Q2FY25. The company reported a net loss of Rs 45.10 crore in Q3FY25 compared to a net loss of Rs 0.70 crore in Q2FY25. The company reported net sales of Rs 38.16 crore and a net loss of Rs 44.05 crore in 9MFY25 while the company reported net sales of Rs 27.39 crore and a net loss of Rs 10.71 crore in FY24.
The company has a market cap of Rs 84.77 crore and has delivered good profit growth of 173 per cent CAGR over the last 5 years. According to the shareholding pattern, promoters of the company only own a 13.89 per cent stake while the public owns an 86.11 per cent stake as of December 2024. The stock gave multibagger returns of 500 per cent in 3 years and 1,000 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.