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Economic Times
a day ago
- Business
- Economic Times
UGRO Capital fixes Rs 162 per share for Rs 400-cr rights issue
UGRO Capital, a data-tech driven MSME financing NBFC, on Monday said it has fixed a price of Rs 162 per share for its Rs 400-crore rights issue. ADVERTISEMENT The announcement comes after the company's Securities Allotment & Transfer Committee approved the final terms of its rights issue. Under the approved terms, UGRO Capital will offer new equity shares totalling up to Rs 400 crore at a price of Rs 162 per share, according to a statement issued by the company. This pro-rata offering ensures that all existing public shareholders have a fair opportunity to maintain their stake and guard against dilution as the company continues to expand its balance sheet and deepen its data-tech advantage in serving India's underserved MSMEs, it added. The company has fixed June 5 as the record date for eligibility. The issue will remain open from June 13 to June 20, with a possible extension of up to 30 days. As of now, UGRO Capital has 9.32 crore equity shares outstanding. UGRO Capital said the rights issue builds on the company's recent performance, which saw assets under management growing to Rs 12,003 crore and profit before tax more than double to Rs 203 crore in FY2024-25, while maintaining a healthy capital adequacy ratio. ADVERTISEMENT "At UGRO Capital, we are consistently adding Rs 3,000 crore in AUM year-on-year. Given the strong growth momentum and steady portfolio quality we are witnessing, 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," Shachindra Nath, Founder & Managing Director of UGRO Capital, said. The company said commitments totalling over Rs 250 crore, including Rs 150 crore from IFU (Investment Fund for Developing Countries, Denmark), and Rs 34 crore from the promoter, promoter-group and employees, are already in place in the rights issue. On May 20, UGRO Capital announced a Rs 915 crore preferential compulsory convertible debentures (CCD) issuance and a concurrent proposal to offer up to Rs 400 crore on a rights basis to existing public shareholders. PTI
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Business Standard
3 days ago
- Business
- Business Standard
UGRO Capital announces Rs 400 crore rights issue at Rs 162 per share
UGRO Capital on Saturday announced a Rs 400 crore rights issue at Rs 162 per share, the company said in a press release. The board had on May 20 announced a Rs 915 crore of preferential compulsorily convertible debentures (CCD) issuance and a concurrent proposal to offer up to Rs 400 crore on a rights basis to existing public shareholders. Under the approved terms, this pro-rata offering ensures that all existing public shareholders have a fair opportunity to maintain their stake and guard against dilution as the company continues to expand its balance sheet and deepen its DataTech advantage in serving India's underserved micro, small and medium enterprises (MSMEs), the press release said. Shachindra Nath, founder and managing director of UGRO Capital, said, 'We are consistently adding Rs 3,000 crore in AUM (asset under management) 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.' The rights issue builds on the company's recent performance, which saw assets under management grow to Rs 12,003 crore and profit before tax more than double to Rs 203 crore in the financial year 2024-25 (FY25), while maintaining a healthy capital adequacy ratio. InCred Capital and SNG & Partners are serving as financial advisor and legal advisor, respectively, for this rights issue as well as for equity capital raise. In addition to preferential allotment, in the proposed rights issue, IFU, the investment fund for developing countries, a Danish impact investor which is an affiliate of Danish government and existing investor of UGRO owning 16.35 per cent, have committed Rs 150 crore, UGRO Capital said. Promoter, promoter group and employees have also reaffirmed their commitment by contributing Rs 34 crore via CCD and rights issue, it added.
Business Upturn
26-04-2025
- Business
- Business Upturn
UGRO Capital Q4 FY25 Results: Net profit rises 8% QoQ to Rs 41 crore; AUM grows 8% to Rs 12,003 crore
By Aditya Bhagchandani Published on April 26, 2025, 20:00 IST UGRO Capital announced a strong financial performance for the fourth quarter and full year ended March 31, 2025. The company reported a consolidated net profit of Rs 41 crore for Q4FY25, marking an 8% quarter-on-quarter (QoQ) growth from Rs 38 crore reported in Q3FY25. Key Highlights: Total Income for Q4FY25 stood at Rs 412 crore, up 7% QoQ compared to Rs 385 crore in Q3FY25. Net Total Income came in at Rs 231 crore, rising 6% QoQ from Rs 218 crore in the previous quarter. Profit Before Tax (PBT) was Rs 57 crore in Q4FY25, showing an 8% sequential growth. Loans Originated / Disbursed rose to Rs 2,436 crore during the quarter, reflecting a 16% QoQ increase. Assets Under Management (AUM) expanded to Rs 12,003 crore, up 8% QoQ from Rs 11,067 crore. Operating Expenses were slightly lower at Rs 120 crore versus Rs 123 crore in Q3FY25. For the full fiscal year FY25, UGRO Capital's total income grew by 33% year-on-year (YoY) to Rs 1,442 crore, compared to Rs 1,082 crore in FY24. Profit after tax (PAT) rose 21% YoY to Rs 144 crore in FY25. The company's disbursements for FY25 reached Rs 7,651 crore, registering a 30% year-on-year growth. Management Commentary: Speaking on the performance, Mr. Shachindra Nath, Founder and Managing Director of UGRO Capital, said, 'Our FY25 performance underscores the strength of our DataTech-driven business model and the progress we have made in reaching underserved MSME segments. With record quarterly originations and robust AUM growth, we remain on track to expand our Emerging Markets portfolio, driving both yield enhancement and greater financial inclusion. Our diversified liability mix, and industry-leading collection efficiency demonstrate the resilience and scalability of our risk-management framework. As we set ambitious targets for FY26, backed by continuous innovation and a growing branch network, UGRO Capital is more committed than ever to empowering MSMEs across India with tailored, high-impact financial solutions.' Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
