Multibagger penny stock under Re 1: Company allots of 5600 unrated, unlisted, secured NCDs worth Rs 56,00,00,000

From Rs 0.08 to Rs 0.87 per share, the stock gave multibagger returns of 988 per cent in 3 years.

On Thursday, the shares of Standard Capital Markets Ltd gained 3.57 per cent to Rs 0.87 per share from its previous closing of Rs 0.84 per share. The stock’s 52-week high is Rs 3.52 and its 52-week low is Rs 0.81.

Standard Capital Markets Limited, an NBFC, announced that its Board of Directors approved the allotment of 5,600 secured Non-Convertible Debentures (NCDs) at a face value of Rs 1,00,000 each on a private placement basis. The total issue size amounts to Rs 56 crore.

Earlier, the company allotted 1,500 unrated, unlisted, secured NCDs, of the face value of Rs 1,00,000 each at an issue price of Rs 1,00,000 each aggregating to Rs 15,00,00,000 (Indian Rupees Fifteen Crores Only) on Private Placement basis in terms of Private placement cum application letter.

Established in 1987, Standard Capital Markets Ltd is a NBFC company registered with the RBI. They offer a variety of financial services including advisory (negotiations, project identification etc.), arbitration & mediation, due diligence, commercial contract services (drafting agreements etc.), litigation assistance, and even licensing (company incorporation, import/export licenses etc.). With a strong track record, the company established a wholly-owned subsidiary, Standard Capital Advisors Limited, to expand its reach into merchant banking activities.  

The company has a market cap of Rs 150 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 14.86 per cent stake while the public owns an 85.14 per cent stake as of September 2024. From Rs 0.08 to Rs 0.87 per share, the stock gave multibagger returns of 988 per cent in 3 years.

Disclaimer: The article is for informational purposes only and not investment advice.