Multibagger Penny Stock Under Rs 2 in focus as company approved the issuance of 50,000 secured, unlisted, unrated, redeemable NCDs worth Rs 500,00,00,000

From Rs 0.06 to Rs 1.14 per share, the stock gave multibagger returns of 1,800 per cent in 3 years.

Today, the shares of Standard Capital Markets Ltd gained 3.64 per cent upper circuit to an intraday high of Rs 1.14 per share from its previous closing of Rs 1.10 per share. The stock’s 52-week high is Rs 3.52 and its 52-week low is Rs 0.97.

Standard Capital Markets Limited hereby informs you that the Board of Directors, in their meeting held on October 24, 2024, approved the issuance of up to 50,000 Secured, Unlisted, Unrated, Redeemable Non-convertible Debentures (NCDs) on a Private Placement basis. Each NCD has a face value of Rs 1,00,000, with an aggregate issuance amount of Rs 500,00,00,000. The NCDs have a tenure of 60 months or until October 31, 2029, whichever is earlier. They offer a coupon interest rate of 10% payable at maturity, with a bullet payment of both interest and principal. The NCDs will be secured by a hypothecation or pledge in favour of the Debenture Trustee. No special rights, interests, or privileges are attached to the NCDs. In case of a delay in payment of interest or principal for more than three months, an additional 2% interest will be charged on the unpaid sum from the date of default until it is cured or the NCDs are redeemed.

Earlier, the company took a significant step towards transforming education in India by introducing a zero-cost EMI scheme for interactive flat panels (IFPs). This initiative allows schools and educational institutions to equip their classrooms with modern technology without incurring additional financial burdens. By replacing traditional chalkboards with IFPs, schools can reduce their reliance on consumables and improve the health and well-being of students. This shift towards digital learning aligns with the growing trend of online education in India, driven by increased internet access and government support. Standard Capital's investment in this venture not only offers financial benefits for the company but also contributes to social impact. The firm's commitment to providing affordable financial solutions enables schools to access cutting-edge technology, thereby enhancing the learning experience for students and teachers.

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 198.95 crore and has delivered good profit growth of 173 per cent CAGR over the last 5 years. The company's shares undergo a 2:1 bonus share and stock split from Rs 10 to Rs 1 on the ex-date i.e., December 29, 2023. According to the shareholding pattern, promoters of the company only own a 14.86 per cent stake while an 85.13 per cent stake is owned by the public as of June 2024. From Rs 0.06 to Rs 1.14 per share, the stock gave multibagger returns of 1,800 per cent in 3 years.

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