Multibagger Penny Stock Under Rs 5 in green as company approved the allotment of 7,000 unrated, unlisted, secured NCDs worth Rs 70,00,00,000

From Rs 0.06 to Rs 1.17 per share, the stock gave multibagger returns of 1,850 per cent in 3 years.

Today, the shares of Standard Capital Markets Ltd gained 4.5 per cent to an intraday high of Rs 1.17 per share from its previous closing of Rs 1.12 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 informed that the Board of Directors of the company in its meeting has inter alia, approved the allotment of 7,000 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 70,00,00,000 (Indian Rupees Seventy Crores Only) on Private Placement basis in terms of Private placement cum application letter.

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 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 85.14 per cent stake is owned by the public as of September 2024. From Rs 0.06 to Rs 1.17 per share, the stock gave multibagger returns of 1,850 per cent in 3 years.

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