You have come to the right place to know if the continuous fundraising of OFCL or Orbis Financial Corporation Ltd is raising its unlisted share price. In December 2023, marquee investor Ashish Kacholia funded OFCL with Rs. 102 crore. In addition to his earlier investment of Rs. 111 crores, he is one of the big stakeholders in OFCL, apart from the promoters. With the latest fundraising, the unlisted OFCL shares rose from Rs. 175 to Rs. 280, and many expect it to continue.
So, continue reading this blog to learn about Orbis Financial Corporation Ltd and if its fundraising raises Orbis unlisted share price to buy it from a reputed online platform to yield high returns sooner.
What does Orbis Financial Corporation Ltd do to show spectacular results?
Since 2009, Orbis Financial Corporation Ltd has become the leader in providing security services for foreign and domestic clients. A few of its high-profile clientele includes the top domestic and foreign FIIs, big corporates, high net-worth individuals, foreign portfolio managers, etc. Registered with SEBI, OFCL provides custodial and clearing services to all exchanges from NSE and BSE to MCX, MSEI, and others. Also, it is a Category 1 Registrar & Share Transfer agent registered with SEBI with connectivity to NSDL And CDSL through Orbis Trusteeship Services Private Ltd, its wholly owned subsidiary. Because of such a wide range of financial services to foreign and domestic clients, it is showing spectacular results year after year.
What funds were raised by OFCL, and what were its spectacular results?
Apart from raising funds to expand its business and get a license from SEBI in 2019 for registrar and transfer agent services, OFCL is showing spectacular results. By issuing 55,46,771 equity shares, each with a face value of 10 rupees as rights to existing shareholders, it raised Rs. 22.46 crores. OBCL allotted over 11,44,000 equity shares under ESOP or the Employees Stock Option Scheme. All this fundraising has increased the value of OBCL to over 221 million rupees as early as the end of 2021. With recent fundraising from Ashish Kasholia and spectacular results of almost doubling the net profit from 47 to 89 crore rupees, its value is around Rs. 2,000 crores. All of this is because of its continuous fundraising and spectacular results, which show increased income and profit year after year.
End note:
Orbis Financial Corporation Ltd uses cutting-edge technology to do all its financial services, from custodial to trusteeship, clearing to depository, among others; it is increasing its foreign and domestic clientele base to increase the revenue stream and raising capital to expand exponentially. Hence, buying the unlisted OFCL share from the top broker at the current price of Rs. 280 is advisable to make high returns. tockify is your ultimate stock market companion, providing a wealth of features to enhance your investment journey. With up-to-the-minute market data, customizable investment analysis, and seamless portfolio management tools, Stockify caters to investors of all levels. Whether you’re a seasoned trader or new to the game, Stockify equips you with the insights and resources needed to make informed decisions and optimise your investment strategy. Stay ahead of market trends, track your investments effortlessly, and take control of your financial future with Stockify.
