Multibagger Penny Stock Under Re 1; Board Allotted 10,000 NCDs worth Rs 100,00,00,000
From Rs 0.09 to Rs 0.80 per share, the stock gave multibagger returns of 789 per cent in 3 years.
Standard Capital Markets Ltd. announces that its Board of Directors, in a meeting held, approved the allotment of 10,000 unrated, unlisted, secured NCDs. These NCDs have a face value of Rs 1,00,000 each and were issued for Rs 1,00,000 each, for a total of Rs 100,00,00,000. The allotment was conducted on a private placement basis, in accordance with the private placement cum application letter.
Earlier, the company announced the disbursement of educational loans to over 500 new students nationwide this fiscal year, reinforcing its commitment to empowering future professionals. This initiative provides crucial financial support for students pursuing undergraduate, postgraduate, and professional courses in India and abroad. The company's tailored education loan program features flexible repayment options, simplified documentation, and personalized loan counselling to ensure students can easily access funding for diverse fields like engineering, medicine, management, law, and arts. Standard Capital Markets Limited remains a trusted partner for students and families, dedicated to supporting education and enabling academic success.
On Tuesday, the shares of Standard Capital Markets Ltd fell 5 per cent to Rs 0.80 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 0.80.
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About the Company
Standard Capital Markets Ltd, an NBFC established in 1987 and registered with the RBI, offers a comprehensive suite of financial services beyond traditional banking. These include advisory services, arbitration, due diligence, legal assistance, and licensing support. To further expand its reach, the company established a wholly owned subsidiary, Standard Capital Advisors Limited, specializing in merchant banking activities. With a strong commitment to customer satisfaction and a focus on integrity and innovation, Standard Capital Markets Ltd. aims to provide valuable financial solutions to individuals and businesses while actively contributing to the growth of the education sector by ensuring accessibility to financial opportunities.
The company has a market cap of Rs 138.4 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 December 2024. From Rs 0.09 to Rs 0.80 per share, the stock gave multibagger returns of 789 per cent in 3 years.
Disclaimer: The article is for informational purposes only and not investment advice.