Supra Pacific Financial Limited- A penny stock worth looking

Incorporated in 1986, Supra Pacific Management Consultancy Ltd provides fund based services including two wheeler loans, gold loans etc.Company is a Non Systematically Important Non-Deposit Taking Non-Banking Financial Corporation.

Services Offered:
a) Auto Loan b) Gold Loan c) Business Loan d) Personal Loan e) Microfinance

Change of Management:
Company was a part of the promoter group of M/s Mid-East Portfolio Mgmt. In FY20 a Share Purchase Agreement was signed between the erstwhile promoters of Supra and the Acquirers (Present Promoters) to sell 65.58% shares. Consequently, an Open Offer was made to the public, and management control was effected by the appointment of new directors. Company sold 5,52,736 equity shares of M/s Sanat Multitrade Private Limited (promoter) through an Offer for Sale.
The company is trying to expand the number of branches they operate through and also raising lots of money whose screenshot is given below.

My Thesis Pointers
1. The company had raised lot of money in just few months time in which Promoters are also participating.
2. Promoters are raising stake through open market transaction.
3. The company is going for branch network expansion.

e45b2091-5dfc-46af-9438-c1a4e33e9272 (1).pdf (576.9 KB)
e45b2091-5dfc-46af-9438-c1a4e33e9272 (1).pdf (576.9 KB)

Since the company trades at around 50-55 crore market cap, I request investors to do their due dilligence before investing.

Currently have a Small position.

Detailed risk analysis is missing. Also add key financial ratios & data.