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 board allots NCDs worth Rs 25 cr
 ( Hot Pursuit - 07-Jun-23   11:58 )
  Ugro Capital allots NCDs aggregating Rs 35 cr
 ( Corporate News - 25-Jun-24   18:40 )
  Ugro Capital receives ratings action from India Ratings and Research
 ( Corporate News - 31-Jul-24   17:52 )
  Ugro Capital approves issuance of NCDs up to Rs 135 cr
 ( Corporate News - 18-May-24   12:40 )
  Ugro Capital raises Rs 250 cr via NCD issuance to Dutch entrepreneurial development bank - FMO
 ( Corporate News - 19-Dec-23   11:34 )
  UGRO Capital spurts on assuring minimal impact from new regulations
 ( Hot Pursuit - 22-Nov-23   15:03 )
  Ugro Capital to raise Rs 30 cr via CP issuance
 ( Corporate News - 26-Jun-23   16:03 )
  Ugro Capital raises Rs 250 cr via NCDs
 ( Hot Pursuit - 19-Dec-23   12:16 )
  Ugro Capital standalone net profit rises 292.90% in the March 2022 quarter
 ( Results - Announcements 25-May-22   08:31 )
  Ugro Capital raises Rs 10 cr via CPs
 ( Corporate News - 19-Apr-23   20:03 )
  UGRO Capital to conduct AGM
 ( Corporate News - 16-May-23   17:03 )
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