Moneyboxx Finance trades higher on the BSE
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Moneyboxx Finance is currently trading at Rs. 123.95, up by 0.70 points or 0.57% from its previous closing of Rs. 123.25 on the BSE.
The scrip opened at Rs. 126.00 and has touched a high and low of Rs. 126.00 and Rs. 116.70 respectively. So far 5615 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 137.00 on 10-Feb-2022 and a 52 week low of Rs. 60.45 on 21-Jun-2021.
Last one week high and low of the scrip stood at Rs. 126.00 and Rs. 115.00 respectively. The current market cap of the company is Rs. 290.11 crore.
The promoters holding in the company stood at 63.86% and Non-Institutions held 36.14%.
Moneyboxx Finance had raised equity capital of Rs 20.77 crore by way of private placement from non-promoter investors on June 2, 2022, which followed the Rs 14.42 crore of equity raised in December 2021.
The Company has strengthened its capital position with the recent equity fund raises and plans to use the funds for expanding its scale of operations and tap growth opportunities given the huge unmet credit gap for micro enterprises in the loan segment under Rs 10 lakh. Company’s AUM reached Rs 119 crore in March 2022, growing strongly by 92% over last year, supported by growing business at existing branches.
The company plans to expand its current network of 30 branches across five states to 60 branches by FY23 and over 100 branches by FY24 by expanding its operations in existing states and entering new states with an aim to build AUM of over Rs 400 crore by FY23 and AUM of over Rs 1,000 crore by FY24.
Moneyboxx Finance is a Non Deposit taking Non-systemically Important Non Banking Finance Company (NBFC-ND-NSI) engaged primarily in the business of advancing loans and investing/trading in securities.
