Promoter purchased 2+ crore shares: Penny stock under Rs 50; Board Allots of 74,03,585 shares upon conversion of 4,000 FCCBs

DSIJ Intelligence-1 / 18 Sep 2025/ Categories: Penny Stocks, Trending

Promoter purchased 2+ crore shares: Penny stock under Rs 50; Board Allots of 74,03,585 shares upon conversion of 4,000 FCCBs

The stock is up by 35 per cent from its 52-week low of Rs 29.40 per share.

On Thursday, shares of Paisalo Digital Limited gained 0.92 per cent to Rs 39.71 per share from its previous closing of Rs 39.35 per share. The stock’s 52-week high is Rs 63.52x per share and its 52-week low of Rs 29.40 per share.

Paisalo Digital Limited announced that its FCCB Committee of the Board of Directors approved the allotment of 74,03,585 new equity shares. This action was taken on September 17, 2025, and is a direct result of the conversion of 4,000 Foreign Currency Convertible Bonds (FCCBs), as detailed in the Offering Circular. Following this allotment, the company's fully paid-up equity capital has increased from Rs 90,21,18,289 (comprising 90,21,18,289 equity shares) to Rs. 90,95,21,874 (comprising 90,95,21,874 equity shares). This complies with Regulation 30 and other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Additionally, the promoter of Paisalo Digital Limited, Equilibrated Venture Cflow (P) Ltd, purchased over 2 crore shares of the company between September 1 and September 15, as per BSE exchange data.

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About the Company

Paisalo Digital Limited focuses on providing accessible, small-ticket income generation loans to underserved populations across 22 states and UTs in India, leveraging a network of 3,997 touch points. Their mission is to be a trusted, high-tech and high-touch financial companion, using a customer-centric approach and data analytics to deliver tailored, scalable solutions while ensuring strong governance and regulatory compliance.

Paisalo Digital achieved a record-breaking performance in the quarter ending June 30, 2025, with its total income hitting an all-time high of Rs 218.7 crore, marking a 17 per cent year-over-year increase. The company's customer base expanded significantly, surpassing 1.1 crore by adding 15 lakh new customers in just one quarter. This growth was supported by strong operational metrics, including a 14 per cent rise in Assets Under Management (AUM) to Rs 5,230.2 crore and a 16 per cent increase in disbursements to Rs 758.1 crore.

Paisalo also maintained excellent asset quality, with a low Gross Non-Performing Asset (GNPA) ratio of 0.85 per cent and a strong Capital Adequacy Ratio of 39.5 per cent. To further its reach, the company opened 50 new branches and strengthened its partnership with SBI to improve credit access for MSMEs and SMEs across India. The stock is up by 35 per cent from its 52-week low of Rs 29.40 per share. As of June 2025, SBI Life Insurance Co. Ltd owns an 8.96 per cent stake and Life Insurance Corporation of India (LIC) owns a 1.12 per cent stake.

Disclaimer: The article is for informational purposes only and not investment advice.