Paisalo Digital share price witnessed upward movement on Tuesday following a key fundraising update. The LIC-backed small-cap NBFC rose over 1.5%, even as broader market indices showed weakness.
Market Performance
- At 12:00 PM, Paisalo Digital share price was trading 1.56% higher at ₹31.29 on the BSE.
- The stock touched an intraday high of ₹31.30, marking a 1.59% increase from its previous close.
Fundraising News Drives Interest
Paisalo Digital's Board, via its Operations and Finance Committee, has approved a ₹50 crore fundraise.
Key Fundraising Highlights:
- Fundraising Mode: Non-Convertible Debentures (NCDs)
- Method: Private Placement via Electronic Bidding Platform (EBP)
- Total Issue Size: Up to 5,000 NCDs
- Face Value per NCD: ₹1 lakh
- Total Amount:
- Base Issue: ₹25 crore
- Green Shoe Option: ₹25 crore
- Coupon Rate: 9.75% per annum, payable quarterly
- Tenure: 36 months
- Allotment Date (Tentative): August 8, 2025
- Redemption: At maturity
- Listing Platform: BSE
Company Snapshot: Paisalo Digital
Paisalo Digital is a small-cap non-banking financial company (NBFC) with LIC as a key stakeholder. It focuses on financing underserved and semi-urban sectors in India.
Paisalo Digital Share Price Trend
Paisalo Digital has seen mixed movements in recent months.
Price Performance Breakdown:
- 1 Day: +1.56%
- 1 Month: +3%
- 3 Months: -7%
- 6 Months: -29%
- Year-to-Date: -37%
- 1 Year: -50%
- 3 Years: -21%
Despite the short-term gains, the long-term trend remains negative, highlighting a correction phase in the stock.
Summary
Paisalo Digital share price saw a notable intraday gain after the company approved a ₹50 crore NCD issue aimed at raising capital. While the stock has shown some short-term resilience, broader long-term metrics remain subdued. The company’s fundraising initiative and steady coupon rate offer insights into its funding strategy amid a volatile market environment.
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