The stock’s 52-week range spans from a low of ₹0.37 to a high of ₹1.77, and the total traded volume on May 16 reached 451.16 lakh shares, well above the two-week average of 356.55 lakh shares, indicating heightened investor interest despite price stagnation.
Standard Capital Markets, a low-priced non-banking financial company (NBFC) with a stock trading below ₹1, has approved the allotment of secured, unlisted, unrated non-convertible debentures (NCDs) worth ₹145 crore, the company announced following its board meeting held on 15 May 2025.
The allotment consists of 14,510 NCDs of Series V, each with a face value and issue price of ₹1,00,000, aggregating to a total of ₹145.10 crore. This private placement follows two previous allotments earlier in the same week:
- On 14 May, the board approved 17,000 NCDs (Series IV) worth ₹170 crore.
In total, the company has raised ₹445 crore via NCDs within three days, aimed at boosting its funding for operational expansion and loan book growth. These debentures are secured, indicating asset backing, but remain unlisted and unrated.
Stock Movement: Flat Despite Heavy Volumes
On 16 May, Standard Capital’s stock opened at ₹0.40, marginally higher than the previous day’s close of ₹0.39, but later settled flat. The share hit an intraday high of ₹0.41 and a low of ₹0.38. As of 2:55 PM, the stock was trading unchanged at ₹0.39.
The stock’s 52-week range spans from a low of ₹0.37 to a high of ₹1.77, and the total traded volume on May 16 reached 451.16 lakh shares, well above the two-week average of 356.55 lakh shares, indicating heightened investor interest despite price stagnation.
Market Position and Financial Footprint
Standard Capital Markets has a market capitalisation of ₹67 crore, placing it among India’s smaller publicly traded NBFCs. The repeated allotment of NCDs signals an aggressive capital infusion strategy, potentially to meet liquidity needs or expand lending operations.
The company has yet to provide detailed disclosures regarding security cover, coupon rate, or maturity timelines for these NCDs, which are critical for investor confidence, especially in the case of unrated and unlisted debt instruments.
Given the low nominal value of the share and its penny stock status, market experts urge caution. The heavy NCD allotment may indicate financial restructuring or short-term funding needs, but without clarity on underlying collateral and investor profiles, risk levels remain high.
