Stock Report

U GRO Capital Ltd's Public Issue of Secured Redeemable NCDs gets oversubscribed by 1.44x times

Posted On : 2022-05-21 15:58:40( TIMEZONE : IST )

U GRO Capital Ltd's Public Issue of Secured Redeemable NCDs gets oversubscribed by 1.44x times

U GRO Capital Limited ("U Gro Capital"/ "Company") a non-deposit taking systemically important NBFC registered with the RBI has successfully closed its NCD public issue and the issue was oversubscribed 1.44x times on the base issue of INR 50 crore and was majorly raised from a very granular retail base of close to 3,000 retail investors. Successful closure of this public issues reinforces investor confidence in the UGRO business model and its overall vision and mission.

UGRO has diversified its lender base to 60+ lenders and to support its rapid scale of growth it has expanded its borrowing sources to various products including Term loans, NCDs (Public and Private Placement), NCD - MLDs, Impact Funds and CPs.

Among new age MSME lenders, UGRO's NCD public issue is one of the most successful public debt transactions.

With a successful business track record U GRO Capital has been able to establish itself as a marquee name in MSME lending segment within a very short span of time.

U GRO Capital is one of the fastest growing MSME fintech companies in India, during FY22 the company has disbursed gross loans of INR 3,100+ Cr and has reached a scale of INR 2,972 Cr of AUM (125% + Y-o-Y growth). It has built formidable distribution strength which can support disbursement volumes of INR 700 + Cr M-o-M.

Shares of Ugro Capital Ltd was last trading in BSE at Rs. 147.90 as compared to the previous close of Rs. 148.85. The total number of shares traded during the day was 2701 in over 152 trades.

The stock hit an intraday high of Rs. 150.90 and intraday low of 147.20. The net turnover during the day was Rs. 401972.00.

Source : Equity Bulls


UgroCapital INE583D01011 NCD PublicIssue Oversubscription