Smallcap financial service company TruCap Finance lists on NSE, stock up 6% on debut

The shares of this small-cap multi-bagger financial service company rose after the company declared that it has listed its equity shares on the National Stock Exchange (NSE)today. The stock opened with a 6% gain at ₹60.90 per share in today’s trading session. The stock has soared by more than 21% in the last 5 trading session from ₹46.94 to ₹57.04. The company has a market-cap of 661 crores. The company has delivered a ROCE of 9.57% for the period Q4FY23. The Foreign institutional investors have increased their share holding in the last 2 quarters.

Today the total quantity of shares traded on the exchange were 8,94,247. The company's revenue jumps by 52.93%, net income up 362.31% on YoY basis. AUM stands at Rs. 454.9 crores for Q4FY23. The Co.’s branch network increased from 31 in Q2FY22 to 59 in Q2FY23. The company’s AUM stood at Rs. 454.9 crores as of Q2FY23. The company's branch network increased from 31 in Q2FY22 to 59 in Q2FY23. Disbursements increased from Rs. 189.1 crores in Q2FY22 to Rs. 405.1 crores in Q2FY23. The company has partnered with Central Bank of India for Co-lending of up to ₹100 crores to MSME Gold loan customers and it is now live across 50 +branches. 

The Company is expected to give good quarter. The organisation successfully transitioned its lending operations to the cloud-native lending platform of Finflux. The platform offers intelligent underwriting (business rule engines), configurable loan origination workflows to ensure instant underwriting and on-time loan disbursement. Easy collaboration with partner banks is made possible by built-in co-origination and co-lending modules.

TruCap Finance Ltd., formerly known as Dhanvarsha Finvest Limited, a non-banking finance company (NBFC), a BSE listed entity, focused on micro, small, and medium enterprises (MSMEs). As one of the India's leading stock exchanges, the NSE operates nationwide trading terminals, facilitating convenient trading for investors across the country. The company is engaged primarily in the business of providing Micro Enterprise Loans, SME Loans, Other Structured Business, Personal Loans, Gold Loans and ancillary services related to the said business activities.