Supra Pacific Management Consultancy touches roof on getting nod to raise Rs 10 crore via NCDs

Supra Pacific Management Consultancy is currently trading at its upper circuit limit of Rs. 27.05, up by 2.45 points or 9.96% from its previous closing of Rs. 24.60 on the BSE.

The scrip opened at Rs. 25.00 and has touched a high and low of Rs. 27.05 and Rs. 23.15 respectively. So far 9930 shares were traded on the counter.

The BSE group ‘X’ stock of face value Rs. 10 has touched a 52 week high of Rs. 29.75 on 15-Jul-2021 and a 52 week low of Rs. 19.30 on 04-Jun-2021.

Last one week high and low of the scrip stood at Rs. 27.05 and Rs. 21.30 respectively. The current market cap of the company is Rs. 22.62 crore.

The promoters holding in the company stood at 45.24% and Non-Institutions held 54.76%.

Supra Pacific Management Consultancy has received an approval for raising of fund by way of issue of Secured, Non-Convertible Debentures (NCDs) through Private Placement basis an aggregate amount up to Rs 10 crore by issuing up to 1,00,000 Debentures of Rs 1000 each with Coupon rate of 11.50% p.a. on yearly basis [Series III] and 11.00% p.a. on monthly basis [Series IV]. The Board of Directors of the company at their meeting held on January 11, 2022 has approved the same.

Supra Pacific Management Consultancy is a Non-Banking Finance Company (NBFC),which provides a wide range of fund based services including two wheeler loans, gold loans, etc. The Company is a Non-Systemically Important Non-Deposit taking NBFC (NBFC-ND).