UGRO Capital's Securities Allotment & Transfer Committee has approved the final terms of its Rights Issue.
The company will offer new equity shares totaling up to ₹400 Crore at a price of ₹162 per share.
The Rights Issue price has been fixed to make it at par with the price of preferential allotment of CCD.
The record date for determining eligible shareholders for the rights issue is June 05, 2025.
The right entitlement ratio is 50 rights equity shares for every 189 fully paid-up equity shares held as on the record date.
Issue Period: 13th June, 2025 to 20th June, 2025 (extendable by up to 30 days).
Prior to the issue, there were 9,31,83,594 fully paid-up equity shares of face value of ₹10 each.
Post issue (assuming full subscription), there will be 11,78,35,338 fully paid equity shares of face value of ₹10 each.
Commitments totaling over ₹250 Crore have been received, including ₹150 Crore from IFU (Investment Fund for Developing Countries, Denmark), and ₹34 Crore from the Promoter, Promoter-group and employees.
Mr. Shachindra Nath, Founder & Managing Director of UGRO Capital, stated, “At UGRO Capital, we are consistently adding ₹3,000 Crore in AUM year-on-year... this capital raise would ensure that our growth trajectory remains unhindered... Our growing AUM and profitability, coupled with a strengthened capital adequacy ratio post this infusion, position UGRO to scale its credit delivery and support the financial needs of small businesses across India.”
InCred Capital is serving as financial advisor and SNG & Partners as legal advisor for this Rights Issue.
UGRO Capital's Assets Under Management (AUM) grew to ₹12,003 Crore and profit before tax more than doubled to ₹203 Crore in FY 2024–25.