Penny Stock: NBFC Allocates Rs 25 Crore in NCDs; Stock Delivers 1600% Returns in Five Years
February 03,2025
In a regulatory filing, Standard Capital Markets confirmed the allotment of 2,500 unrated, unlisted, and secured non-convertible debentures (NCDs), each priced at Rs 1,00,000, aggregating to Rs 25 crore. The private placement is part of the company's broader fundraising efforts, reinforcing its financial base and growth trajectory.
NCDs are fixed-income instruments that provide companies with a means to raise capital without diluting equity. As a form of debt financing, NCDs ensure stable returns for investors while enabling businesses to meet expansion and operational needs.
Standard Capital Share Performance on BSE
Standard Capital Markets' shares, listed on the BSE, closed at Rs 0.85 per share, with a trading volume of 39.77 lakh equities. The stock has been a strong performer in the smallcap space, reflecting investor confidence in the company's growth potential.
Stock Split and Bonus Issue History
In December 2023, Standard Capital Markets announced a twin corporate action to reward shareholders:
- Stock Split: The face value of each share was reduced from Rs 10 to Rs 1, making it more accessible to retail investors and improving liquidity.
- Bonus Issue: Following the split, the company declared a 2:1 bonus issue, granting two additional shares for every one held.
These measures significantly enhanced stock liquidity and attracted a broader investor base.
Multibagger Stock: 1600% Returns in Five Years
Standard Capital Markets has been a stellar performer, delivering:
900 per cent return in the last three years
1600 per cent return over five years
With its strategic financial moves, including NCD issuance and equity restructuring, the company has reinforced its market position.
As an NBFC engaged in investment, financing, and lending solutions, Standard Capital Markets continues to strengthen its financial standing, making it an attractive proposition for investors seeking high-growth opportunities in India's financial sector.