Penny stock below Re 1: NBFC stock in focus after ₹50 crore fundraise via issuance of NCDs

Penny stock below Re 1: Standard Capital Markets announced on Friday, May 2, that it will raise ₹50 crore by issuing non-convertible debentures (NCDs) on a private placement basis. The small-cap non-banking financial company (NBFC) considered and approved the allotment of 5,000 unrated, unlisted, secured NCDs with a face value of Rs. 1,00,000 each, at an issue price of Rs. 1,00,000 each, aggregating to ₹50 crore on a private placement basis.

Last month, the NBFC's board members decided the company would foray into the alternate investment fund (AIF) business with an initial investment of ₹50 crore. The NBFC's wholly-owned subsidiary, Standard Capital Advisors, will be the AIF's investment manager, looking after assets and investments of the AIF business.

Penny stock below Re 1: Standard Capital to raise funds via NCDs

“In furtherance to our intimation letter dated April 30, 2025, relating to raising funds by the issue of NCDs on private placement basis, we wish to inform you that the Board of Directors of the company by circulation held today, i.e. Friday, May 02, 2025, has inter-alia, considered and approved the allotment of 5,000 unrated, unlisted, secured NCDs, of face value of Rs. 1,00,000 each at an issue price of ₹1,00,000 each aggregating to ₹50,00,00,000 on private placement basis in terms of private placement cum application letter," said Standard Capital Markets in a regulatory filing to the stock exchanges on May 2.

Penny stock under Re 1: Standard Capital Markets Share Price Trend

On Friday, shares of Standard Capital Markets settled 8.70 per cent lower at Re 0.42 apiece on the BSE. The penny stock has nosedived 11 per cent in five days, 23 per cent in one month, 58 per cent year-to-date (YTD), and 78 per cent in one year. The NBFC commands a market cap of ₹72.66 crore.

The NBFC was conceived by the promoter CA. Narender K. Arora, Manohar Lal Vij, and Vijay Chaudhry. The company is managed by professionals with expertise and experience in finance and administration. It provides various financial services, including lending money to individuals and Small and Medium-Sized Enterprises (SMEs), with or without security, and dealing in securities/shares, bonds, and units invested in stock markets.

The NBFC was originally incorporated on February 19, 1987, in the name of "Standard Capital Markets Limited" under the Companies Act, 1956. The Company was listed on 29-03-1995 and is registered with the Reserve Bank of India (RBI) as NBFC vide Registration Number 14.02891 on March 21, 2003.

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