Small-cap stock under ₹100: LIC-owned NBFC’s foreign currency bonds list at Mauritius-based exchange

Small-cap stock under ₹100: Smallcap stock Paisalo Digital announced on Tuesday, March 25, that its foreign currency bonds got listed at the Mauritius-based exchange. The non-banking financial company (NBFC), owned by India's largest state-run insurer, Life Insurance Corporation (LIC) of India, made the announcement via a stock exchange filing earlier today.

"This is to inform that $48 Million 7.5 per cent Foreign Currency Convertible Bonds (FCCBs) due 2029 of the company (ISIN-XS2952463086) has been listed on the AFRINEX Securities List “ASL” of AFRINEX Limited w.e.f. March 24, 2025," said Paisalo Digital in a regulatory filing to the stock exchanges.

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Small-cap NBFC share price trend

On Tuesday, shares of Paisalo Digital opened at ₹35.67 and swung to an intraday high of ₹36.20 and an intraday low of ₹34.17. Shares settled 1.17 per cent lower at ₹34.42 apiece on the BSE. Shares dropped 7.57 per cent in one month and 31 per cent year-to-date (YTD). As of March 25, the smallcap company commands a market capitalisation of ₹3,103.81 crore.

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.

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Santanu Agarwal, Deputy Managing Director of Paisalo Digital, said, “As we look ahead, this success lays the foundation for achieving our ambitious vision for 2025 - to further expand our outreach, innovate our offerings, and contribute meaningfully to India's financial ecosystem.”

Delhi-based DII raises stake

A Delhi-based domestic institutional investor (DII) raised its stake in Paisalo Digital Ltd to 15.56 per cent from 15 per cent via an open market share transaction. According to its exchange filing, the Delhi-based DII Equilibrated Venture CFlow Pvt Ltd raised its stake in the NBFC via shares purchased in the open market. The Delhi-based DII purchased 13,97,63,088 shares carrying voting rights to raise its stake in the NBFC stock to 15.563 per cent.

Paisalo Digital is a small-cap NBFC that offers financial services like business loans, income loans, and mobility loans. It has partnered with banks like Union Bank of India to offer loans to priority sectors. The NBFC comprises major state-run and international investors like the State Bank of India (SBI), SBI Life Insurance Co. Ltd, and the LIC.

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