Latest news with #PaisaloDigital
Mint
03-06-2025
- Business
- Mint
LIC-owned NBFC to be in focus on Wednesday after allotment of NCDs worth ₹50 crore
Small-cap stock Paisalo Digital on Tuesday, 3 June 2025, announced that the company has allocated 5,000 non-convertible debentures (NCDs) of ₹ 1 lakh each through a private placement, according to the exchange filing. The LIC-owned NBFC allotted 5,000 debentures with a face value of ₹ 1 lakh apiece, marking the corporate action at ₹ 50 crore for the tenure of 24 months. The company is giving a coupon rate of 10 per cent p.a. with a monthly payment frequency. According to the BSE filing, the date of the one-time payment on maturity will be 3 June 2027, when the debentures are redeemed. Non-convertible debentures are debt instruments that a company uses to raise funds from investors. The entity raising the funds offers a fixed rate of interest over a set tenure. However, these NCDs can not be converted into equity shares of the company. In case of a delay in payment from the company's end, the lenders will receive an additional interest rate of 2 per cent per year. A delay will be accounted for when the payment of the interest or the principal is not carried out for more than three months, according to the filing data. Paisalo Digital shares closed 2.07 per cent lower at ₹ 31.16 after Tuesday's stock market session, compared to ₹ 31.82 at the previous market close. The company announced the update during the afternoon session of the Indian stock market on 3 June 2025. Paisalo Digital shares have given stock market investors more than 230 per cent returns on their investment in the last five years. However, the stock lost 52.40 per cent in the last one-year period. On a year-to-date (YTD) basis, the shares were down 36.93 per cent in 2025. Shares hit their 52-week high level at ₹ 81.95 on 12 July 2024, while the 52-week low level was at ₹ 29.75 on 7 April 2025, according to the data collected from the BSE website. The company's market capitalisation (M-Cap) was at ₹ 2,811 crore as of the stock market close on 3 June 2025.
Mint
03-06-2025
- Business
- Mint
LIC-owned NBFC to be in focus on Wednesday after allotment of NCDs worth ₹50 crore
Small-cap stock Paisalo Digital on Tuesday, 3 June 2025, announced that the company has allocated 5,000 non-convertible debentures (NCDs) of ₹ 1 lakh each through a private placement, according to the exchange filing. The LIC-owned NBFC allotted 5,000 debentures with a face value of ₹ 1 lakh apiece, marking the corporate action at ₹ 50 crore for the tenure of 24 months. The company is giving a coupon rate of 10 per cent p.a. with a monthly payment frequency. According to the BSE filing, the date of the one-time payment on maturity will be 3 June 2027, when the debentures are redeemed. Non-convertible debentures are debt instruments that a company uses to raise funds from investors. The entity raising the funds offers a fixed rate of interest over a set tenure. However, these NCDs can not be converted into equity shares of the company. In case of a delay in payment from the company's end, the lenders will receive an additional interest rate of 2 per cent per year. A delay will be accounted for when the payment of the interest or the principal is not carried out for more than three months, according to the filing data. Paisalo Digital shares closed 2.07 per cent lower at ₹ 31.16 after Tuesday's stock market session, compared to ₹ 31.82 at the previous market close. The company announced the update during the afternoon session of the Indian stock market on 3 June 2025. Paisalo Digital shares have given stock market investors more than 230 per cent returns on their investment in the last five years. However, the stock lost 52.40 per cent in the last one-year period. On a year-to-date (YTD) basis, the shares were down 36.93 per cent in 2025. Shares hit their 52-week high level at ₹ 81.95 on 12 July 2024, while the 52-week low level was at ₹ 29.75 on 7 April 2025, according to the data collected from the BSE website. The company's market capitalisation (M-Cap) was at ₹ 2,811 crore as of the stock market close on 3 June 2025. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
16-05-2025
- Business
- Mint
LIC-owned NBFC stock approves raising up to ₹50 crore via NCDs. Details here
LIC-backed non-banking financial company (NBFC) Paisalo Digital has approved raising funds up to ₹ 50 crore through the issuance of Non-Convertible Debentures (NCDs). The fundraising proposal was cleared by the company's Operations and Finance Committee at its meeting held on May 15, 2025, as per a regulatory filing. The proposed issue will take place through private placement on the Electronic Book Provider (EBP) platform, and involves the issuance of up to 5,000 NCDs, each with a face value of ₹ 1 lakh. The base size of the issue is ₹ 25 crore, with an option to retain oversubscription of another ₹ 25 crore, taking the total potential raise to ₹ 50 crore. The debentures will carry a coupon rate of 10 percent per annum and have a maturity period of 24 months. Interest payments will be made monthly, and the principal will be redeemed at par at the end of the term. The NCDs are proposed to be listed on the BSE. The tentative date of allotment is May 22, 2025, subject to regulatory approvals. The issue will be secured by a first-ranking pari-passu charge on hypothecated receivables, with a security cover of at least 1.10 times the principal amount outstanding. In the event of any delay in the payment of interest or principal, the company will offer an additional 2 percent per annum coupon as compensation. Paisalo clarified that there are no special rights or privileges attached to the instrument and that the proposal has not been modified or cancelled. The issuance is being made in accordance with SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. Paisalo Digital counts some heavyweight institutional investors among its shareholders. LIC holds 77.6 lakh shares, representing a 1.17 percent stake, which would drop slightly to 1.03 percent assuming full conversion of convertible securities. Meanwhile, SBI Life Insurance owns over 6.21 crore shares, holding a 9.36 percent stake. Post conversion, its stake would stand at 8.26 percent, based on data from the stock exchanges. Despite the positive announcement, Paisalo Digital's stock has been under pressure, shedding 47 percent over the last one year. The stock fell for five consecutive months, including 5.2 percent in April, 8 percent in March, 14.3 percent in February, 13.3 percent in January, and 2.4 percent in December. However, May brought some respite with the stock rising 6 percent month-to-date, signaling a possible trend reversal. Still, it remains over 57 percent below its 52-week high of ₹ 81.95, touched in July 2024. On the upside, it has recovered 17 percent from its 52-week low of ₹ 29.75, hit in April 2025.
Mint
13-05-2025
- Business
- Mint
LIC-owned NBFC stock jumps 4% after fundraise move. Do you own?
Stock market today: LIC-owned non-banking finance company (NBFC) Paisalo Digital jumped over 4% in intraday trade on Tuesday, May 13, following the announcement of the board meeting date to consider raising funds. Paisalo Digital, a small-cap stock below ₹ 50, announced on Monday, post-market trading hours, that its board will meet on May 15, 2025, to consider and approve the fundraising proposal. "... we would like to inform you that meeting of Operations and Finance Committee of the Board of Directors of Paisalo Digital Limited is scheduled to be held on May 15, 2025 to consider and approve the fund raising proposal by way of issuance of Listed, Secured, Non-Convertible Debentures on Private Placement basis," said the company in a filing on Monday.
Mint
09-05-2025
- Business
- Mint
LIC-owned NBFC declares Q4 results 2025, 10% final dividend in FY25
Life Insurance Corporation of India (LIC)-owned non-banking finance company Paisalo Digital on Friday, May 9, announced a 25% jump in standalone net profit for the fourth quarter of the financial year 2024-2025 (Q4 FY25) to ₹ 45 crore, as against ₹ 36 crore in the corresponding period last year. Its net interest income (NII), which is the difference between interest earned and expended, for the quarter under review came in at ₹ 96 crore, 41% higher on a year-on-year (YoY) basis. Overall interest income was at ₹ 178.09 crore in the March 2025 quarter, higher than ₹ 147.73 crore in the same period a year ago. GNPA and NNPA stood at 0.99% and 0.76% as at Q4 FY 2025 compared to 0.21% and 0.02% as at Q4 FY 2024. The company is continuing to augment its debt management infrastructure as a mitigation measure, it said in an investor presentation. During the quarter, Paisalo Digital recorded the highest-ever AUM at ₹ 5232.8 crore, as against Q4 FY 2024 at ₹ 4,586 crore, a growth of 14.10%. In Q4, the company added a highest-ever 1.52 million customers to its franchise. In FY 2025, the company added a record 5.16 million customers to its customer franchise. The total customer franchise stood at 9.45 million as of Q4 FY 2025, compared to 4.29 million as of Q4 FY 2024. The total geographic footprint as of FY 2025 stood at 3,565 touchpoints across 22 states, compared to 2,455 touchpoints in the previous year. In Q4, the company added 27 new touchpoints. As of FY 2025, the touchpoint split includes 351 branches, 1,900 distribution points, and 1,314 Customer Service Points (CSPs). The Board of Directors of the company recommended a dividend of 10% i.e ₹ 0.10 per equity share of face value of ₹ 1.00 each for FY25. The dividend recommended by the Board of Directors is subject to approval of members of the company at the ensuing AGM of the company, it said. As of the March 2025 quarter, LIC held 77,59,511 shares of Paisalo Digital, representing a 1.17% stake. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
