Penny Stock Approves NCD Allotment of Rs 145 Cr, Achieves Effortless Rs 445 Crore Fundraise Within A Week

Standard Capital Markets Ltd.'s shares closed Friday at Rs 0.39 each, with a market value of Rs 67.47 Cr. This was slightly lower than the company's starting price of Rs 0.40. The focus of the stock has been on raising money through the issuance of Non-Convertible Debentures (NCDs) on a private placement basis since April 30, 2025; May 02, 2025; May 05, 2025; May 06, 2025; May 07, 2025; May 08, 2025; May 13; and May 14, 2025.

"We wish to inform you that the Board of Directors of the Company by circulation held today, i.e. Thursday, May 15, 2025, has inter-alia, considered and approved the allotment of 14510 unrated, unlisted, secured NCDs of Series V of face value of Rs. 1,00,000/- each at an issue price of Rs. 1,00,000/- each aggregating to INR 145,10,00,000 (Indian Rupees One Hundred Forty Five Crores Ten Lakhs Only) on Private Placement basis," Standard Capital Markets informed stock exchanges on Wednesday.

The allocation of 17,000 unrated and unlisted secured NCDs of Series IV, with an issuance price of Rs 1,00,000 per debenture, totaling Rs 170 crore, was previously approved by the board. Shortly before, the board had also approved the issuance of 13,000 Series III NCDs, each valued at Rs 1,00,000, for a total of Rs 130 crore.

As we have already discussed, the firm has been raising funds since May 2. On that same day, the Board reviewed and authorized the distribution 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, totalling Rs 50 Cr. The allocation of 10,000 unrated, unlisted, secured NCDs with a face value of Rs. 1,00,000 each at an issue price of Rs. 1,00,000 each, totalling Rs. 100 Cr, was examined and authorized by the Board on May 5.

The allocation of 2100 unrated, unlisted, secured NCDs with a face value of Rs. 1,00,000 each at an issue price of Rs. 1,00,000 each, totalling Rs. 21 Cr, was among other things reviewed and approved by the Board on Monday, May 5. The allocation of 7900 unrated, unlisted, secured NCDs with a face value of Rs. 1,00,000 each at an issue price of Rs. 1,00,000 each, totalling Rs. 79 Cr, was reviewed and authorized by the Board on Tuesday, May 06, 2025. The allocation of 10,000 unrated, unlisted, secured NCDs of Series II with a face value of Rs. 1,00,000 each at an issue price of Rs. 1,00,000 each, totalling Rs 100 Cr, was among other things approved and authorized on Wednesday, May 07, 2025.

10000 unrated, unlisted, secured NCDs of Series II with face values of Rs. 1,00,000/-each at an issue price of Rs. 1,00,000/-each totaling Rs. 100 Cr were distributed by the Board on May 8th, while 13000 unrated, unlisted, secured NCDs of Series III with face values of Rs. 1,00,000/-each at an issue price of Rs. 1,00,000/-each totaling Rs 130 Cr were handed out on May 14. 17000 unrated, unlisted, secured NCDs of Series IV with a face value of Rs. 1,00,000 each were released by the board on May 14 at an issue price of Rs. 1,00,000 each, totaling Rs 170 Cr.
The board ultimately distributed NCDs of Series V with a face value of Rs. 1,00,000 each at an issue price of Rs. 1,00,000 each, totalling Rs 145.10 Cr, on May 15.

When an organization needs capital for funding needs or debt rollovers, it consistently declares NCDs. Investors should therefore consider the NCDs' credit rating (AAA is the highest), issuance purpose, stock debt-to-equity ratio, and cash flow.