Moneyboxx Finance zooms on planning to raise equity capital of over Rs 75 crore
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Moneyboxx Finance is currently trading at Rs. 217.90, up by 11.30 points or 5.47% from its previous closing of Rs. 206.60 on the BSE.
The scrip opened at Rs. 209.00 and has touched a high and low of Rs. 224.80 and Rs. 193.25 respectively. So far 44156 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 224.80 on 13-Nov-2023 and a 52 week low of Rs. 125.25 on 16-Mar-2023.
Last one week high and low of the scrip stood at Rs. 224.80 and Rs. 187.00 respectively. The current market cap of the company is Rs. 547.72 crore.
The promoters holding in the company stood at 55.11%, while Non-Institutions held 44.89% stake in the company.
Moneyboxx Finance has planned for equity capital raise of over Rs 75 crore by way of preferential allotment to HNIs, family offices and individual investors in its board meeting conducted on November 10, 2023. The proposed equity funding will almost double its existing capital base and provide a strong boost to its expansion plan and business growth.
The Company, which drives financial inclusion by providing business loans to micro entrepreneurs in rural India, targets to expand its branch network to 100+ from current 80 branches across 7 states by March 2024.
Moneyboxx Finance is a Non Deposit taking Non-s
