Small-cap stock below ₹50: LIC, SBI Life-owned NBFC in focus after THIS fundraise move

Small-cap stock below ₹50: Paisalo Digital announced on Friday, May 2, that it will raise funds by issuing equity shares, foreign currency bonds, and other securities for up to ₹2,700 crore. The NBFC held its first extraordinary general meeting for 2025-26 (FY26). The small-cap NBFC stock is owned by SBI Life Insurance and Life Insurance Corporation of India (LIC). 

“...To raise funds by way of issuance of equity shares, foreign currency convertible bonds and/or other eligible securities in one or more tranches to the Eligible Investors through preferential allotment, private placement, including qualified institutional placement or any other permissible mode for an aggregate amount up to ₹27,000 Million,” said the non-banking financial company (NBFC) in a regulatory filing to the stock exchanges.

Small-cap NBFC stock owned by SBI Life, LIC

LIC owns 77,59,511 shares of the NBFC stock, representing a 1.17 per cent stake. Assuming the complete conversion of the convertible securities, LIC's total shareholding as a percentage is 1.03 per cent. According to stock exchange data, SBI Life Insurance owns 6,21,14,267 shares of Paisalo Digital, accounting for 9.36 per cent of the shareholding. The total shareholding of SBI Life, as a percentage, assuming the full conversion of the convertible securities, is 8.26 per cent.

Small-cap NBFC stock price trend

On Friday, shares of Paisalo Digital opened at ₹33.84 and hit an intraday low of ₹31.96, before settling 0.71 per cent higher at ₹32.41 apiece on the BSE. As of May 2, the small-cap NBFC company under ₹50 commands a market capitalisation of ₹2,923.77 crore. In one month, the stock has shed over six per cent and nearly 35 per cent year-to-date (YTD).

Earlier this year, the NBFC announced that it has serviced more than 59 lakh customers by initiating transactions worth more than ₹3,400 crore. It was done within two years through a network of business collaborations with major banking partners, including public sector banks (PSBs), SBI and Bank of India.

Paisalo Digital is a small-cap NBFC offering financial services like business, income, and mobility loans. It services clients in India. It has partnered with banks like Union Bank of India to provide loans to priority sectors. The NBFC has major investors such as the State Bank of India (SBI), Vanguard Total International Stock Index Fund, SBI Life Insurance Co. Ltd, and the Life Insurance Corporation (LIC) of India.

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