Multibagger penny stock under Re 1 jumps over 10 with heavy volume after Board allots 12,100 NCDs worth Rs 121 Crore
The stock gave multibagger returns of 430 per cent in 3 years and 960 per cent in 5 years.
Today, shares of Standard Capital Markets Ltd jumped 11.9 per cent to an intraday high of Rs 0.47 per share from its previous closing of Rs 0.42 per share. The shares of the company saw a spurt in volume by more than 2 times on the BSE. The stock’s 52-week high is Rs 1.95 per share and its 52-week low is Rs 0.39 per share.
Standard Capital Markets Ltd (SCML), an RBI-registered Non-Banking Financial Company, inform you that the Board of Directors of the company, has inter-alia, considered and approved the allotment of 10,000 unrated, unlisted, secured NCDs, of face value of Rs 1,00,000 each at an issue price of Rs 1,00,000 each aggregating to Rs 100,00,00,000 (Indian Rupees One Hundred Crore Only) on Private Placement basis in terms of Private placement cum application letter.
Additionally, the Board considered and approved the allotment of 2,100 unrated, unlisted, secured NCDs, of face value of Rs 1,00,000 each at an issue price of Rs 1,00,000 each, aggregating to Rs 21,00,00,000 (Indian Rupees Twenty-One Crore Only) on a Private Placement basis.
Earlier, the Board considered and approved the allotment of 5000 unrated, unlisted, secured NCDs, of face value of Rs 1,00,000 each at an issue price of Rs 1,00,000 each aggregating to Rs 50,00,00,000 (Indian Rupees Fifty Crore Only) on Private Placement basis in terms of Private placement cum application letter.
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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 73 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 430 per cent in 3 years and 960 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.