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5PAISA - 5Paisa Capital

📊 NSE: 5PAISA 🏢 Finance & Investments 📅 Last Updated: 12/13/2025 17:33

📢 Recent Corporate Announcements

5Paisa Capital Receives GST Demand Order of ₹9.98 Lakh for FY 2019-20

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 13 Mar 2026, 04:38 PM

5Paisa Capital Limited has received an order from the Superintendent of Central Tax, Bengaluru, regarding tax discrepancies for the financial year 2019-20. The order demands a total payment of ₹9,98,433, which includes the tax amount, interest, and penalties. The issues cited by the authority relate to alleged excess or ineligible Input Tax Credit (ITC) and mismatches in tax liability declarations. The company has stated it will file an appeal against this order and maintains that there is no material impact on its financial or operational activities.

Total tax demand of ₹9,98,433 including applicable interest and penalties.
Order pertains to FY 2019-20 under CGST, KGST, and IGST Acts.
Primary allegations involve incorrect tax liability declaration and excess/ineligible ITC claims.
Company intends to file an appeal within the prescribed statutory timelines.
Management confirms no material impact on current financial or operational activities.

💡 Investors should view this as a routine regulatory matter given the immaterial amount of the demand relative to the company's scale. No immediate action is necessary.

5paisa Capital Announces ₹468.82 Crore Rights Issue at ₹300 Per Share; Ratio 1:2

🔵 WATCH ⭐ 8/10

FUNDRAISE 📅 12 Mar 2026, 05:36 PM

5paisa Capital Limited has filed its Letter of Offer for a rights issue aiming to raise up to ₹4,688.23 million. The company will issue 15,627,419 equity shares at a price of ₹300 per share, which includes a ₹290 premium. Eligible shareholders as of the record date, March 17, 2026, can subscribe to 1 new share for every 2 shares held. The issue is scheduled to open on March 27, 2026, and close on April 10, 2026.

Total fundraise of up to ₹4,688.23 million through the issuance of 1.56 crore shares
Rights entitlement ratio set at 1:2 for shareholders holding stock on March 17, 2026
Issue price fixed at ₹300 per share, significantly above the face value of ₹10
On-market renunciation period for Rights Entitlements ends on April 07, 2026
Expected listing date for the new Rights Equity Shares is April 16, 2026

💡 Investors should evaluate the ₹300 issue price against the prevailing market price to determine the attractiveness of the offer. If not participating, shareholders should ensure they sell their Rights Entitlements (REs) during the trading window to avoid value dilution.

5Paisa Capital to Raise ₹468.82 Cr via 1:2 Rights Issue at ₹300/Share; Record Date March 17

🔵 WATCH ⭐ 8/10

FUNDRAISE 📅 11 Mar 2026, 08:44 PM

5Paisa Capital Limited has finalized terms for a Rights Issue worth ₹4,688.23 million. The company will issue 15,627,419 shares at a price of ₹300 each, representing a 1:2 ratio for existing shareholders. The record date to determine eligibility is March 17, 2026, with the subscription period running from March 27 to April 10, 2026. This move will expand the total outstanding equity shares from 31.25 million to 46.88 million upon full subscription.

Rights Issue size of ₹4,688.23 million at an issue price of ₹300 per share.
Rights Entitlement Ratio set at 1:2 (one new share for every two shares held).
Record date for eligibility is March 17, 2026; Issue period is March 27 to April 10, 2026.
Total equity shares to increase by 50% from 31.25 million to 46.88 million shares.
On-market renunciation period for Rights Entitlements ends on April 07, 2026.

💡 Shareholders should compare the ₹300 issue price with the prevailing market price to determine if they should subscribe or sell their rights entitlements. Ensure shares are in the demat account by the March 17 record date to be eligible.

5Paisa Capital Announces ₹468.8 Cr Rights Issue at ₹300 per Share; Ratio 1:2

🟡 NEUTRAL ⭐ 8/10

FUNDRAISE 📅 11 Mar 2026, 08:37 PM

5Paisa Capital has approved a rights issue to raise approximately ₹468.82 crore by issuing 1.56 crore equity shares. Existing shareholders as of the record date of March 17, 2026, are eligible to subscribe to one new share for every two shares held. The issue price is set at ₹300 per share, which is payable in full upon application. This capital infusion is intended to strengthen the company's capital base and support its growth initiatives in the discount brokerage sector.

Rights Issue size of up to ₹4,688.23 million through the issuance of 15,627,419 shares
Entitlement ratio fixed at 1:2 (one rights share for every two shares held)
Issue price set at ₹300 per share, including a premium of ₹290 per share
Record date for eligibility is March 17, 2026, with the issue opening on March 27, 2026
Post-issue equity base to expand from 31.25 million to 46.88 million shares assuming full subscription

💡 Investors should compare the ₹300 issue price with the current market price to determine the benefit of subscribing. Those not intending to subscribe should sell their rights entitlements during the renunciation period (March 27 to April 7) to prevent value loss from dilution.

5Paisa Capital Closes Trading Window Ahead of Rights Issue Terms Determination

🔵 WATCH ⭐ 6/10

FUNDRAISE 📅 27 Feb 2026, 12:06 PM

5Paisa Capital Limited has announced the closure of its trading window for all designated persons starting February 27, 2026. This regulatory step is taken as the company's Board of Directors or Rights Issue Committee prepares to finalize the specific terms of a proposed Rights Issue. The committee will determine critical details including the issue price, rights entitlement ratio, and the record date for shareholders. The trading window will remain closed until 48 hours after these details are formally disclosed to the stock exchanges.

Trading window closed for all Designated Persons and Promoters effective from February 27, 2026.
Closure is in anticipation of a Board/Committee meeting to finalize Rights Issue terms.
Pending decisions include the issue price, rights entitlement ratio, and the official record date.
The window will reopen 48 hours after the announcement of the Board's decision on the fundraise.

💡 Investors should wait for the specific announcement regarding the Rights Issue price and ratio to evaluate the cost of participation and potential equity dilution. Monitor the record date to ensure eligibility if the terms are favorable.

5Paisa Capital Receives SEBI Research Analyst Registration for 5-Year Term

🟢 POSITIVE ⭐ 7/10

REGULATORY 📅 27 Feb 2026, 10:44 AM

5Paisa Capital Limited has been granted a Certificate of Registration as a Research Analyst by SEBI, effective from February 26, 2026. This license is valid for a period of five years, subject to renewal fees as per SEBI regulations. The registration allows the company to formally provide research reports and investment recommendations to its clients. This move is expected to strengthen its service offerings and potentially increase its value proposition in the competitive discount brokerage space.

SEBI granted the Research Analyst registration via email on February 26, 2026
The license is valid for a period of 5 years from the date of grant
Enables the company to undertake research activities under SEBI (Research Analysts) Regulations, 2014
The registration is expected to support and expand the company's existing business operations

💡 This is a positive development that enhances 5Paisa's service portfolio and competitive edge. Investors should monitor how this impacts client acquisition and engagement in the upcoming quarters.

5Paisa Capital Board Approves Rights Issue Up To Rs 4,750 Million

🔵 WATCH ⭐ 8/10

FUNDRAISE 📅 24 Feb 2026, 08:04 PM

5Paisa Capital's Board of Directors has approved a proposal to raise capital through a Rights Issue of equity shares. The total amount to be raised is capped at Rs 4,750 million (Rs 475 crore). This capital infusion is likely intended to strengthen the company's balance sheet and support growth initiatives in the competitive discount brokerage space. Specific details regarding the issue price, entitlement ratio, and record date will be finalized by a newly formed Rights Issue Committee.

Board approved fundraising via Rights Issue not exceeding Rs 4,750 million
The issue involves fully paid-up equity shares with a face value of Rs 10 each
A dedicated Rights Issue Committee has been constituted to finalize pricing and ratio
Record date and timing of the issue will be notified subsequently

💡 Existing shareholders should monitor for the announcement of the record date and the rights entitlement ratio. The pricing discount relative to the current market price will determine the attractiveness of participating in the issue.

5Paisa Capital Announces Trading Window Closure from February 20 to February 26, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 19 Feb 2026, 07:19 PM

5Paisa Capital Limited has informed the exchanges that its trading window will be closed for all designated persons and their relatives. The closure period is scheduled from February 20, 2026, to February 26, 2026, inclusive of both dates. This move is a standard compliance procedure under the SEBI (Prohibition of Insider Trading) Regulations, 2015. Such windows are typically closed ahead of significant corporate announcements or board meetings to prevent insider trading.

Trading window closed for 7 days from February 20, 2026, to February 26, 2026
Restriction applies to all Designated Persons including Directors, Promoters, and their immediate relatives
Compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015
Standard regulatory filing with no immediate financial impact on the company operations

💡 This is a routine regulatory announcement and requires no action from retail investors. Monitor for upcoming board meeting announcements that may follow this window closure.

5Paisa Capital Allots 12,500 Equity Shares Under ESOP Scheme

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 04 Feb 2026, 03:01 PM

5Paisa Capital Limited has allotted 12,500 equity shares to employees who exercised their options under the company's Employee Stock Option Scheme. This allotment results in a marginal increase in the total paid-up equity share capital from 3,12,42,338 to 3,12,54,838 shares. The shares carry a face value of Rs. 10 each. This is a routine corporate action intended to fulfill employee compensation obligations.

Allotment of 12,500 equity shares of Rs. 10 each upon ESOP exercise
Total outstanding shares increased to 3,12,54,838 from 3,12,42,338
Allotment approved by the Nomination & Remuneration Committee on February 04, 2026
Equity dilution resulting from this allotment is negligible at approximately 0.04%

💡 No action is required as this is a routine administrative allotment with minimal impact on earnings per share. Investors should continue to focus on the company's quarterly brokerage volumes and margin performance.

5paisa Capital Board Approves Fund Raising Up To Rs. 500 Crores

🟢 POSITIVE ⭐ 8/10

FUNDRAISE 📅 21 Jan 2026, 05:47 PM

The Board of Directors of 5paisa Capital has approved a significant capital infusion plan to raise up to Rs. 500 crores. The funds may be raised through various instruments including equity shares, convertible securities, QIPs, or rights issues. This move is aimed at strengthening the company's capital base to support its growth objectives in the competitive discount brokerage market. Specific details regarding the issue price and timing will be finalized at a later stage, subject to shareholder and regulatory approvals.

Board approved fund raising for an aggregate amount not exceeding Rs. 500 crores
Fundraising modes include QIP, Rights Issue, Preferential Issue, or Private Placement
The proposal is subject to necessary shareholder and regulatory approvals
Detailed terms including pricing and timing to be determined by the Board at a subsequent stage

💡 Investors should watch for the specific mode of fundraising and the issue price to assess potential equity dilution. The capital raise is a positive signal for the company's expansion plans and competitive positioning.

5Paisa Capital Q3FY26 PAT Surges 30% QoQ to ₹12.3 Cr; Revenue Up 3% to ₹79.4 Cr

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 20 Jan 2026, 11:48 AM

5Paisa Capital reported a strong Q3FY26 performance with Profit After Tax (PAT) growing 30% QoQ to ₹12.3 crore, achieving a PAT margin of 16%. Total revenue increased by 3% QoQ to ₹79.4 crore, supported by a 7% rise in broking revenue and a 24% surge in notional ADTO to ₹3.31 trillion. The company added 78,000 new customers, bringing the total base to 5.08 million, while focusing on high-quality acquisitions and improved lifetime value. Despite a one-time ₹62.20 lakh hit from new labor laws, the company maintained operational efficiency and saw its Mutual Fund AUM grow 13% to ₹1,868 crore.

Profit After Tax (PAT) increased 30% QoQ to ₹12.3 crore with a 16% margin.
Notional Average Daily Turnover (ADTO) grew robustly by 24% QoQ to ₹3.31 trillion.
Total customer base reached 5.08 million with 78,000 new acquisitions during the quarter.
Mutual Fund AUM grew 13% QoQ to ₹1,868 crore, while the MTF book stood at ₹379 crore.
Broking revenue rose 7% QoQ to ₹37.1 crore, reflecting improved retail participation.

💡 Investors should view the strong PAT growth and expansion in ADTO as positive indicators of the company's ability to monetize its platform effectively. Monitor the continued growth of the Margin Trade Funding (MTF) book and the impact of technology enhancements on customer retention.

5Paisa Capital Announces Trading Window Closure from Jan 17 to Jan 23, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 16 Jan 2026, 04:49 PM

5Paisa Capital Limited has officially notified the stock exchanges regarding the closure of its trading window for all designated persons and their immediate relatives. The closure period is scheduled from Saturday, January 17, 2026, through Friday, January 23, 2026. This move is a standard compliance requirement under the SEBI (Prohibition of Insider Trading) Regulations, 2015. Such closures are typically implemented ahead of significant corporate events or the announcement of financial results to prevent insider trading.

Trading window for designated persons closed from January 17, 2026, to January 23, 2026.
Closure applies to all Directors, Promoters, and their immediate relatives.
Complies with SEBI (Prohibition of Insider Trading) Regulations, 2015.
The 7-day closure period suggests an upcoming price-sensitive announcement or board meeting.

💡 This is a routine regulatory filing with no direct impact on retail shareholders. Investors should watch for upcoming announcements regarding quarterly financial results or board meetings.

5paisa Capital Releases Q3 FY26 Earnings Call Audio Recording

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 14 Jan 2026, 06:42 PM

5paisa Capital Limited has officially released the audio recording of its earnings call held on January 14, 2026. The call discussed the company's unaudited standalone and consolidated financial results for the quarter and nine-month period ending December 31, 2025. This disclosure is a standard regulatory requirement under SEBI LODR Regulations to ensure transparency for all stakeholders. Investors can access the recording via the company's investor relations portal to understand management's commentary on performance.

Earnings call conducted on January 14, 2026, at 2:00 PM IST.
Covers financial performance for the quarter and nine months ended December 31, 2025.
Recording made available on the company's website as per SEBI Regulation 30 and 46(2)(oa).
Provides a platform for management to address analyst and institutional investor queries.

💡 Investors should listen to the recording to gain insights into management's outlook on the brokerage industry and specific growth strategies for 2026. No immediate action is required as this is a routine compliance filing.

5Paisa Capital Files SEBI Compliance Certificate for Quarter Ended Dec 31, 2025

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 14 Jan 2026, 12:20 PM

5Paisa Capital Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The filing confirms that the Registrar and Share Transfer Agent, MUFG Intime India Private Limited, has processed all dematerialization requests for the quarter ended December 31, 2025. It verifies that physical certificates were mutilated and cancelled after due verification and that the depositories' names were updated in the register of members. This is a standard administrative filing required by all listed entities to ensure shareholding record integrity.

Quarterly compliance certificate submitted for the period ending December 31, 2025.
Registrar MUFG Intime India confirms all demat requests were processed within prescribed timelines.
Physical security certificates were mutilated and cancelled post-verification as per SEBI norms.
The filing ensures that the company's shareholding records are accurately maintained with depositories.

💡 No action is required from investors as this is a routine regulatory filing. Focus should remain on the company's upcoming quarterly financial performance and growth metrics.

5Paisa Capital Appoints Three Senior Leaders in HR, Product, and Design Functions

🟢 POSITIVE ⭐ 6/10

MANAGEMENT 📅 13 Jan 2026, 06:54 PM

5Paisa Capital has announced the appointment of three key Senior Managerial Personnels (SMPs) effective January 14, 2026, to bolster its leadership team. Ms. Geetha Menon joins as Head of HR with over 20 years of experience, while Mr. Abhinav Agarwal, with 13 years in digital product strategy, takes over as Head of Investing Product. Additionally, Mr. Dinesh Singh, a design veteran with 19+ years of experience including a stint as Head of Design at Paytm, joins as Head of Design. These appointments signal a strategic focus on enhancing digital product capabilities and organizational culture to drive future growth in the competitive fintech space.

Ms. Geetha Menon appointed as Head of HR, bringing 20+ years of experience from IIFL Capital and IT sectors
Mr. Abhinav Agarwal joins as Head of Investing Product with 13 years of expertise from Motilal Oswal and INDMoney
Mr. Dinesh Singh, with 19+ years of experience and former Head of Design at Paytm, appointed as Head of Design
All three appointments are effective from January 14, 2026, and designated as Senior Managerial Personnels (SMPs)

💡 Investors should view these high-caliber hires from established fintech and financial firms as a positive step toward improving product innovation and user experience. Monitor the platform's user growth and product rollout efficiency in the coming quarters to gauge the impact of this new leadership.

View All 5PAISA Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

Total income for FY25 was INR 360 Cr, representing an 8.86% decline from INR 395 Cr in FY24. Broking & Allied income, the primary segment, fell 11.6% from INR 259 Cr in FY24 to INR 229 Cr in FY25. Q1FY26 total income stood at INR 78 Cr.

Profitability Margins

Net Profit Margin improved from 13.67% in FY24 to 18.89% in FY25. The cost-to-income ratio improved from 80% in FY24 to 73% in FY25, though it rose slightly to 78% in Q1FY26. Adjusted RoE for FY24 was 15.3% after accounting for one-off expenses.

EBITDA Margin

Core profitability as measured by the cost-to-income ratio improved by 700 basis points YoY to 73% in FY25. PAT grew 25.9% YoY from INR 54 Cr in FY24 to INR 68 Cr in FY25 despite the revenue decline, driven by lower one-off expenses and improved operational efficiency.

Capital Expenditure

The company utilized internal accretion to increase its networth to INR 553 Cr as of June 30, 2024. These funds are being deployed to upgrade technology infrastructure to improve service quality and handle higher transaction volumes.

Credit Rating & Borrowing

The company maintains a 'Stable' outlook from CRISIL Ratings. It has a board-approved Inter-Corporate Deposit (ICD) line of INR 600 Cr from IIFL Group companies to support liquidity. Gearing remained low at 0.4 times in FY25 compared to 0.6 times in FY24.

⚙️ Operational Drivers

Raw Materials

Not applicable for brokerage services; however, primary operational costs include Technology Infrastructure (upgraded via INR 553 Cr networth) and Employee Costs (INR 8.66 Cr ESOP cost reversed in FY25).

Key Suppliers

IIFL Finance Ltd, IIFL Securities Ltd, and 360 One WAM provide critical financial support and liquidity via a collective INR 600 Cr ICD line.

Capacity Expansion

Current operations are supported by a digital platform targeting retail investors. Expansion is focused on the IFSC unit (5paisa International Securities) and the P2P lending platform (5paisa P2P Limited) following receipt of RBI registration.

Raw Material Costs

Not applicable. Operating expenses are driven by technology and compliance; one-off expenses in FY24 included INR 9 Cr for consultant fees and INR 2.5 Cr for exchange margin penalties.

Manufacturing Efficiency

Not applicable. Operational efficiency is tracked via the cost-to-income ratio, which improved to 73% in FY25 from 80% in FY24.

Logistics & Distribution

Not applicable. Services are distributed via a mobile application and online technology platform.

📈 Strategic Growth

Growth Strategy

Growth will be achieved by upgrading technology infrastructure to improve DIY (do-it-yourself) service quality, scaling the newly registered NBFC P2P lending business, and operationalizing the IFSC unit in GIFT City to capture international securities trading.

Products & Services

Online equity broking, derivatives trading, margin trading facility (MTF), P2P lending, insurance brokerage, and international financial services (IFSC).

Brand Portfolio

5paisa

New Products/Services

5paisa P2P Limited (NBFC P2P) and 5paisa International Securities (IFSC) are expected to diversify the income profile beyond traditional domestic broking.

Market Expansion

Targeting high-volume retail traders across India and international investors through the IFSC unit in GIFT City.

Market Share & Ranking

The company monitors a market share threshold of 0.75%; falling below this level is considered a downward rating sensitivity factor.

Strategic Alliances

Linkage with IIFL Finance, IIFL Securities, and 360 One WAM for strategic oversight and financial backing.

🌍 External Factors

Industry Trends

The industry is shifting toward lower leverage (reduced from 10-15x to 4-5x) due to upfront margin regulations. There is an increasing trend of digital transformation and regulatory tightening to protect retail investors.

Competitive Landscape

Intense competition from large digital-first brokers (e.g., Zerodha, Groww) and established bank-based brokers who have advanced IT infrastructure.

Competitive Moat

The moat is built on a low-cost DIY technology platform and strong promoter backing from IIFL veterans Nirmal Jain and R Venkataraman, providing a board-approved INR 600 Cr liquidity line.

Macro Economic Sensitivity

Highly sensitive to capital market volatility and retail investor participation rates, which directly impact transaction volumes and broking income.

Consumer Behavior

Shift toward DIY (do-it-yourself) investing and high-frequency trading among retail participants using mobile applications.

⚖️ Regulatory & Governance

Industry Regulations

The company must comply with the Companies Act 2013 and Secretarial Standards. It operates under RBI registration for its P2P subsidiary and requires Registrar of Companies (RoC) clearances for name changes and business commencement.

Legal Contingencies

The company reported a reversal of margin penalty to clients of INR 7 Cr in FY23 and an exchange margin penalty of INR 2.5 Cr in FY24. No other non-capital market legal disputes were disclosed.