Finkurve Financial Services Ltd Share Price – BSE

Finance, Small Cap

Net profit of Finkurve Financial Services declined 20.04% to Rs 3.91 crore in the quarter ended March 2025 as against Rs 4.89 crore during the previous quarter ended March 2024. Sales rose 72.51% to Rs 40.28 crore in the quarter ended March 2025 as against Rs 23.35 crore during the previous quarter ended March 2024.

For the full year,net profit rose 8.34% to Rs 17.41 crore in the year ended March 2025 as against Rs 16.07 crore during the previous year ended March 2024. Sales rose 56.02% to Rs 140.48 crore in the year ended March 2025 as against Rs 90.04 crore during the previous year ended March 2024.

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Finkurve Financial Services announced the successful closure of fund raising amounting to Rs. 111.50 crore (approx.). This was achieved through a combination of preferential issue of equity shares and share warrants to Promoter and Non Promoters.

This strategic capital infusion is a significant milestone for the Company and is aligned with its objective to scale up operations, expand its technology-driven phygital model, and enhance market presence in India's rapidly evolving gold loan industry.

The Company has allotted 1,30,13,100 equity shares of face value Rs. 1 each at an issue price of Rs. 78 per share (including a premium of Rs. 77), aggregating to Rs. 101.50 crore to a diverse set of non-promoter(s) including institutions and High Net worth Individuals.

Additionally, said promoters have subscribed to 51,28,105 share warrants at Rs. 78 each. The Company has already received Rs. 9.99 crore, representing 25% of the warrant issue price, as upfront subscription. The remaining 75% will be received upon exercise of the warrants within 18 months, translating into a total potential capital inflow of Rs. 39.99 crore.

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Finkurve Financial Services will hold a meeting of the Board of Directors of the Company on 29 May 2025.

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The Board of Finkurve Financial Services at its meeting held on 07 February 2025 has approved the allotment 1,770 NCDs having a Face value of Rs. 1,00,000/- each and issue price of Rs. 1,01,676.71 that is including accrued interest from the Deemed Date of First allotment i.e. 18 December 2024 of Rs. 1676.71 each carrying a coupon rate of 12% per annum on Private Placement Basis.

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