Ugro Capital Ltd Share Price – NSE  / BSE

Finance, Small Cap

The company will allot 1 lakh listed, rated, senior, secured, taxable, redeemable NCDs having face value of Rs 10,000 each on 15 January 2025. These debentures have a coupon rate of 9.66% p.a., payable on a monthly basis and will be matured on 15 July 2026.

The NCDs will be listed on Bombay Stock Exchange.

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’s net profit increased 22.9% to Rs 35.52 crore on 35.2% jump in total income to Rs 342.86 crore in Q2 FY25 over Q2 FY24.

The scrip rose 0.26% to currently trade at Rs 230.55 on the BSE.

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Ugro Capital has approved the issuance of up to 1,00,000 Senior, Secured, Rated, Listed, Redeemable, Taxable, Non-Convertible Debentures denominated in Indian Rupees, each having face value of Rs 10,000/- aggregating upto Rs 100 crore (overall issue size) with an option to retain oversubscription upto Rs 50 crore (green shoe option), on a private placement basis.

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UGRO Capital will hold a meeting of the Board of Directors of the Company on 24 January 2025.

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Ugro Capital has achieved a groundbreaking milestone by receiving a patent for its proprietary credit scoring model, GRO Score. Officially titled 'Method and System for Modelling Credit Scorecards,' this patent underscores Ugro Capital's pivotal role in reimagining credit evaluation for a highly diverse and underserved borrower base.

MSMEs contribute nearly one-third of India's GDP yet face significant credit access challenges due to traditional lenders' dependency on collateral and income-based assessments. Ugro Capital addresses this issue with GRO Score, a cutting-edge credit evaluation model leveraging alternate data, such as repayment histories, banking transactions, and GST records, to provide a comprehensive assessment of borrowers without formal income documentation.

Now in its third iteration, GRO Score 3.0 integrates advanced statistical algorithms to evaluate creditworthiness with unmatched precision. To date, the model has assessed over 1.7 lakh loan applications, analyzing over 5.6 lakh bureau records, 2.3 lakh bank statements, and 80,000 GST reports, unlocking vital capital for MSMEs across India.

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