Latest news with #StandardCapital
Mint
15-05-2025
- Business
- Mint
Penny stock below ₹1 jumps after allotment of NCDs worth ₹170 crore
Penny stock below ₹ 1: Shares of Standard Capital, a micro-cap NBFC stock, gained over 2% in trade on Thursday, May 15, following the announcement of ₹ 170 crore fundraise via the allotment of non-convertible debentures (NCDs). The company's board at their meeting held on Wednesday, May 14, considered and approved the allotment of 17,000 unrated, unlisted, secured NCDs of Series IV at an issue price of ₹ 1,00,000/- each, aggregating to ₹ 170 crore. "... we wish to inform you that the Board of Directors of the company by circulation held today, i.e. Wednesday, May 14, 2025, has inter-alia, considered and approved the allotment of 17000 unrated, unlisted, secured NCDs of Series IV of face value of ₹ 1,00,000/- each at an issue price of ₹ 1,00,000/- each aggregating to INR 170,00,00,000 (Indian Rupees One Hundred Seventy Crores Only) on Private Placement basis in terms of Private placement cum application letter," Standard Capital said in a filing to the exchanges. We further inform you that with this allotment, the issuance of NCDs under Series III has been completed, the company added. Earlier this week, the company informed that its board had approved the allotment of 13,000 NCDs of Series III at an issue price of ₹ 1,00,000 aggregating to ₹ 130 crore. Penny stock Standard Capital Markets, having a market capitalisation of over ₹ 65 crore, opened Thursday's trading session at ₹ 0.40 apiece, which was also the day's high. At this level, Standard Capital Markets stock was 2.56% higher than its previous closing price of ₹ 0.39% apiece. The NBCF penny stock's 52-week high stands at ₹ 1.77, touched in July 2024, while its 52-week low is at ₹ 0.37, hit on May 7, 2025. Data available on BSE shows that Standard Capital stock has rallied 900% in the last five years, giving multibagger gains to investors.
Mint
15-05-2025
- Business
- Mint
Penny stock below ₹1 jumps after allotment of NCDs worth ₹170 crore
Penny stock below ₹ 1: Shares of Standard Capital, a micro-cap NBFC stock, gained over 2% in trade on Thursday, May 15, following the announcement of ₹ 170 crore fundraise via the allotment of non-convertible debentures (NCDs). The company's board at their meeting held on Wednesday, May 14, considered and approved the allotment of 17,000 unrated, unlisted, secured NCDs of Series IV at an issue price of ₹ 1,00,000/- each, aggregating to ₹ 170 crore. "... we wish to inform you that the Board of Directors of the company by circulation held today, i.e. Wednesday, May 14, 2025, has inter-alia, considered and approved the allotment of 17000 unrated, unlisted, secured NCDs of Series IV of face value of ₹ 1,00,000/- each at an issue price of ₹ 1,00,000/- each aggregating to INR 170,00,00,000 (Indian Rupees One Hundred Seventy Crores Only) on Private Placement basis in terms of Private placement cum application letter," Standard Capital said in a filing to the exchanges. We further inform you that with this allotment, the issuance of NCDs under Series III has been completed, the company added. Earlier this week, the company informed that its board had approved the allotment of 13,000 NCDs of Series III at an issue price of ₹ 1,00,000 aggregating to ₹ 130 crore. Penny stock Standard Capital Markets, having a market capitalisation of over ₹ 65 crore, opened Thursday's trading session at ₹ 0.40 apiece, which was also the day's high. At this level, Standard Capital Markets stock was 2.56% higher than its previous closing price of ₹ 0.39% apiece. The NBCF penny stock's 52-week high stands at ₹ 1.77, touched in July 2024, while its 52-week low is at ₹ 0.37, hit on May 7, 2025. Data available on BSE shows that Standard Capital stock has rallied 900% in the last five years, giving multibagger gains to investors. 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.
India.com
08-05-2025
- Business
- India.com
Stock market news: NBFC stock gains 10% in volatile market on fundraise announcement
Shares of a non-banking financial company gained over 10 per cent on Thursday, i.e. May 6,2025 even as the market remained volatile. The stock opened gap up at Rs 0.40 with a gain of 2.56 per cent from the previous close of Rs 0.39 on the BSE. It gained further to touch the intraday high of Rs 0.43. This is a surge of over 10 per cent from the previous close. Last seen, the counter was trading at Rs 0.41 with a gain of 5.13 per cent. The stock under discussion is Standard Capital, and it has gained as the board has authorised the allocation of 7900 unrated, unlisted, secured NCDS with face values of Rs 1 lakh each at an issue price of Rs 1 lakh, the company previously told the exchanges. 'In furtherance to our intimation letter dated April 30, 2025 & May 02, 2025 & 05th May 2025 relating to raising funds by the issue of Non-Convertible Debentures ('NCDs') on Private Placement basis and by Regulation 30 of SEBI LODR Regulations, we wish to inform you that the Board of Directors of the Company by circulation held today, i.e. Tuesday, May 06, 2025, has inter- alia, considered and approved the allotment of 7900 unrated, unlisted, secured NCDs, of face value of Rs. 1,00,000/- each at an issue price of Rs. 1,00,000/- each aggregating to INR 79,00,00,000 (Indian Rupees Seventy Nine Crores Only) on Private Placement basis in terms of Private placement cum application letter,' the company said in a exchnage filing. Meanwhile, benchmark indices Sensex and Nifty began the day on an optimistic note on Thursday, but later turned volatile. The 30-share BSE benchmark gauge climbed 181.21 points to 80,927.99 in early trade. The NSE Nifty went up by 32.85 points to 24,447.25. Investors stayed on the sidelines amid rising geopolitical tensions. In a strong retaliation to the Pahalgam massacre, India's armed forces early on Wednesday destroyed nine terror sites, including those of Jaish-e-Mohammad and Lashkar-e-Taiba in Pakistan and Pakistan-occupied Kashmir (PoK) using deep strike missiles in a 25-minute-long 'measured and non-escalatory' mission.
India.com
06-05-2025
- Business
- India.com
Standard Capital to Rs 121 crore through allotment of non-convertible debentures
इंवेस्टमेंट से पहले रिस्क को जांच लें New Delhi: Standard Capital, a non-banking financial company (NBFC), will raise Rs 121 crore through the issuance of 12,100 non-convertible debentures (NCDs). The company has informed exchanges in two separate filings that its board of directors have approved the allotment. It said that the board has approved allotment of 10,000 NCDs and 2,100 NCDs for Rs 1,00,000 each, aggregating to Rs 121 crore. '… Board of Directors of the Company by circulation held today, i.e. Monday, May 05, 2025, has inter-alia, considered and approved the allotment of 2100 unrated, unlisted, secured NCDs, of face value of ₹1,00,000/- each at an issue price of Rs. 1,00,000/- each aggregating to ₹21,00,00,000 on Private Placement basis in terms of Private placement cum application letter,' the filing reads. Earlier, the company has informed exchanges that it is awaiting approvals from regulatory authorities, including the Reserve Bank of India (RBI), to explore international markets as part of a broader strategy to expand its financial services portfolio and strengthen its global footprint. As part of this initiative, the NBFC said that it is evaluating opportunities to establish overseas subsidiaries and strategic partnerships in key global financial hubs. 'The proposed international ventures will focus on secured and unsecured lending, trade finance, and wealth management solutions, tailored to both individual and institutional clients,' the company said. Meanwhile, benchmark indices Sensex and Nifty declined in early trade on Tuesday facing volatile trends as investors preferred to stay on the sideline a day ahead of the US Federal Reserve's policy decision. Also, range-bound trading prevailed in the markets amid escalating tensions between India and Pakistan following the April 22 terror attack in Pahalgam and concerns over US-China trade negotiations. The 30-share BSE benchmark gauge declined 100.4 points to 80,696.44 in early trade, despite a positive opening. The NSE Nifty dipped 40.15 points to 24,421.
Mint
01-05-2025
- Business
- Mint
Small-cap penny stock under ₹1 in focus after issuance of NCDs worth ₹900 crore
Small-cap penny stock under under ₹ 1: Non-banking finance company Standard Capital share price to remain in focus in Friday's trading session after the board approved issuance of non-convertible debentures (NCDs) worth ₹ 900 crore. On Wednesday, Standard Capital share price was down 2.13 per cent to close at ₹ 0.46 apiece. "We wish to inform you that the Board of Directors of the Standard Capital Markets Limited in its Meeting held today i.e. April 30th 2025 at 4:00 P.M. and Concluded at 04:55 P.M. at its Registered ofϐice have, inter – alia, Considered, approved the issuance of Secured, Unlisted, Unrated, Redeemable Non-convertible Debentures ("NCDs") having a face value of INR 1,00,000 (Indian Rupees One lakh) each, aggregating up to an amount of INR 9,00,00,00,000/- (Indian Rupees Nine Hundred Crores Only) in one or more tranches on a Private Placement basis, in accordance with the provisions of Companies Act, 2013 and other applicable Regulations," the company said in an exchange filing. Series I: Upto 25000 (Twenty Five Thousand) in one or more tranches aggregating up to an amount of INR 250,00,00,000/- (Rupees Two Hundred Fifty Crores Only) Series II: Upto 20000 (Twenty Thousand) in one or more tranches aggregating up to an amount of INR 200,00,00,000/- (Rupees Two Hundred Crores Only) Series III: Upto 13000 (Thirteen Thousand) in one or more tranches aggregating up to an amount of INR 130,00,00,000/- (Rupees One Hundred Thirteen Crores Only) Series IV: Upto 17000 (Seventeen Thousand) in one or more tranches aggregating up to an amount of INR 170,00,00,000/- (Rupees One Hundred Seventy Crores Only) Series V: Upto 15000 (Fifteen Thousand) in one or more tranches aggregating up to an amount of INR 150,00,00,000/- (Rupees One Hundred Fifty Crores Only) The company further informed that the date of maturity would be May 30, 2030.
