Multibagger Penny Below Re 1: Company Allotted Total 14,510 NCDs Worth Rs 145,10,00,000; Details Inside!
The stock gave multibagger returns of 333 per cent in 3 years and 875 per cent in 5 years.
Standard Capital Markets Ltd (SCML), an RBI-registered Non-Banking Financial Company, announced that its Board of Directors, through a circular resolution on Thursday, May 15, 2025, approved the allotment of 14,510 unrated, unlisted, secured NCDs of Series V. These Non-Convertible Debentures, each with a face value and issue price of Rs. 1,00,000, aggregate to a total of Rs 145,10,00,000 (One Hundred Forty Five Crores Ten Lakhs Only). The allotment was made on a private placement basis, as per the private placement cum application letter.
Earlier, the company considered and approved the allotment of 17,000 unrated, unlisted, secured NCDs of Series III of face value of Rs 1,00,000 each at an issue price of Rs 1,00,000 each, aggregating to Rs 170,00,00,000 (Indian Rupees One Hundred Seventy Crores Only) on a Private Placement basis
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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 67 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 March 2025. The stock gave multibagger returns of 333 per cent in 3 years and 875 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.