Multibagger penny below Re 1: This micro-cap company allots 72,45,74,640 equity shares to Flash Merchandise & YUCCA Merchants
The stock gave multibagger returns of 333 per cent in 3 years and 875 per cent in 5 years.
On May 19, 2025, Standard Capital Markets Ltd (SCML), an RBI-registered Non-Banking Financial Company, announced the preferential allotment of 72,45,74,640 Equity Shares with a face value of Re. 1/- each. These shares were issued to non-promoter entities, Flash Merchandise Private Limited and YUCCA Merchants Private Limited, at an issue price of Re. 1.30/- each, totalling Rs 94,19,47,032. This allotment facilitated the conversion of outstanding loans, consequently increasing SCML's paid-up equity share capital to Rs 2,45,45,77,640, comprising 2,45,45,77,640 equity shares.
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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.