Penny stock under ₹1: The Board of Directors of Standard Capital Markets approved the allotment of NCDs worth ₹100 crore on Tuesday, February 11, 2025.
Standard Capital Markets NCD details
Pursuant to the earlier intimations, Standard Capital Markets on February 11 said that its Board of Directors have approved the allotment of 10,000 unrated, unlisted, secured NCDs, of face value of ₹1,00,000/- each at an issue price of ₹1,00,000/- each aggregating to ₹1,00,00,00,000 (Indian Rupees One Hundred Crores Only) on Private Placement basis in terms of Private placement cum application letter.
The Standard Capital Markets already had informed the exchanges and thereby the investors about its fundraising plans through the issue of Non Convertible Debentures through private placements. Various intimations were given on 24th October 2024, 30th October 2024, 12th November 2024, 20th December 2024, 15th January 2025, 17th January 2025, 20th January 2025, 31st January 2025 and 04th February 2025, relating to raising funds by the issue of Non-Convertible Debentures (“NCDs”) on Private Placement basis.
Standard Capital Markets share price opened at ₹0.84 on the BSE on Tuesday, almost flat compared to a similar close a day earlier. Amid weakness in the stock market, Standard Capital Markets share price traded between intraday highs of ₹0.84 to intraday lows of ₹0.80.
Standard Capital Markets during the week ended February 7, 2025, had declared financial results for the quarter ending December 2024 and the first nine months of FY25.
The revenues from operations reported by Standard Capital Markets was at ₹23.58 crore during the October – December 2024 quarter, up 139% over ₹9.84 crore recorded during the July to September 2024 quarter. The net loss during the December 2024 quarter was ₹45.07 crore and significantly higher than the net loss of ₹0.67 crore led by a sharp rise in other expenses.
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