Hot Pursuit     09-Mar-23
Ugro Capital raises 50 cr via NCDs
The investment and borrowing committee of the company's board allotted 5,000 non-convertible debentures (NCDs) aggregating to Rs 50 crore including a green shoe option of 2,500 NCDs for Rs 25 crore through private placement basis.
The senior, secured, rated, listed, redeemable, taxable, transferable NCDs having face value of Rs 1 lakh each allotted on 8 March 2023 will mature on 8 March 2026. Theses instruments have an interest rate of 10.50% per annum to be paid monthly.

The company said that the debentures are proposed to be listed on Bombay Stock Exchange (BSE).

Ugro Capital is an MSME lending fintech platform. It uses the emerging data tripod of GST, banking and bureau coupled with its sectoral analysis to solve the problem of credit for small businesses.

The company net profit soared 287% to Rs 13.12 crore on 122.6% jump in total income to Rs 189.59 crore in Q3 FY23 over Q3 FY22.

Shares of Ugro Capital rose 0.99% to currently trade at Rs 158.70 on the BSE.

Previous News
  Ugro Capital update on proposed public issue of NCDs of Rs 200 cr
 ( Corporate News - 29-Dec-23   15:24 )
  Ugro Capital raises Rs 100 cr via public issue of NCDs
 ( Corporate News - 26-Sep-22   17:36 )
  Ugro Capital receives upgrade in credit ratings
 ( Corporate News - 31-Jul-24   10:29 )
  Ugro Capital allots commercial paper aggregating Rs 10 cr
 ( Corporate News - 20-Jun-23   19:23 )
  UGRO Capital to hold board meeting
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  Chokhani Securities standalone net profit rises 72.73% in the June 2018 quarter
 ( Results - Announcements 15-Aug-18   14:02 )
  Ugro Capital to mull fund raising
 ( Hot Pursuit - 28-Mar-23   08:15 )
  Ugro Capital board to mull fund raising on 14 Mar
 ( Hot Pursuit - 10-Mar-22   10:36 )
  Ugro Capital to raise Rs 100 cr via bonds
 ( Other Markets - Debt Markets 07-Apr-22   16:14 )
  Ugro Capital rises after board allots commercial papers
 ( Hot Pursuit - 21-Jun-23   11:45 )
  Ugro Capital standalone net profit rises 95.18% in the December 2019 quarter
 ( Results - Announcements 31-Jan-20   16:59 )
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