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Ugro Capital plans to issue commercial paper aggregating Rs 40 crore on 29 August 2023 with maturity date of 23 February 2023. 

Ugro Capital to raise Rs 40 cr via CP issuance 

Ajcon Global is bullish on UGRO Capital has recommended buy rating on the stock with a target price of Rs 361 in its research report dated August 14, 2023.

Buy UGRO Capital; target of Rs 361: Ajcon Global

Ugro Capital Standalone June 2023 Net Sales at Rs 213.27 crore, up 79.56% Y-o-Y

Ajcon Global is bullish on UGRO Capital has recommended buy rating on the stock with a target price of Rs 289 in its research report dated May 26, 2023.

Buy UGRO Capital; target of Rs 289: Ajcon Global

Ajcon Global is bullish on UGRO Capital has recommended buy rating on the stock with a target price of Rs 280 in its research report dated February 14, 2023.

Buy UGRO Capital; target of Rs 280: Ajcon Global

Ugro Capital Standalone March 2023 Net Sales at Rs 208.97 crore, up 86.44% Y-o-Y

Ugro Capital has opened a qualified institutional placement offer on 10 April 2023 with floor price of Rs 149.54 per share. The companys share allotment committee of the board will meet on 13 April 2023 to consider and determine the issue price of equity shares to be allotted to qualified institutional buyers. 

Ugro Capital opens QIP issue 

UGRO Capital will hold a meeting of the Board of Directors of the Company on 11 April 2023.

UGRO Capital to hold board meeting

Ugro Capital announced the launch of GRO X App, a credit line on UPI for MSMEs. It will enable small business owners, retailers, traders, professionals, and small manufacturers across India to obtain collateral-free instant credit for immediate working capital requirements and to manage their financial liquidity. The Company has recently unveiled its first brand campaign to demonstrate its technological prowess, superior underwriting, and instant loan solutions for last-mile MSMEs. Over 63 million MSMEs in India today employ more than 110 million people and account for nearly 30 percent of the countrys GDP. However, a lack of timely credit prevents them from realising their potential. U GRO Capitals newly launched GRO X App aims to address this small business credit need by utilising data analytics and technology to provide flexible and affordable credit to MSMEs. 

Ugro Capital launches GRO X App for aiding instant loans to MSMEs 

The GRO X App will enable small business owners, retailers, traders, professionals, and small manufacturers across India to obtain collateral-free instant credit for immediate working capital requirements and to manage their financial liquidity. The company plans to acquire and service over 1 million MSME customers in the next 3 years on the GRO X platform which is a completely digital and seamless journey for accessing and utilizing short-term credit extended to small businesses.Ugro Capital aims to achieve AUM of Rs 20,000 crore and capture 1% market share in the MSME lending space by 2025.Amit Mande, chief revenue officer, U GRO Capital said, The GRO X proposition leverages our data analytics prowess and cashflow backed risk assessment methodology to deliver instant short-term credit limit to the MSMEs. The MSMEs can then dispense this credit on UPI, receive payments and pay interest only for the time the funds are utilised, thereby making it affordable and transparent. For example, a kirana store has to stock up groceries for festive season, the merchant can get GRO X limit instantly, use his GRO X limit to pay distributors for the stock, receive payments from customers to manage his utilisation and have a transparent visibility of his credit limit, debit and credit transactions, and interest payments, all on his smart phone. It truly gives all small businesses Non-Stop Business karne ki Azaadi.Ugro Capital is a data tech lending platform. Ugro has pioneered the Lending as a Service (LaaS) model in India and has operationalized co-lending relationship with 10+ large public sector banks and large NBFCs and built a sizeable LaaS book of more than 15% of its AUM through the GRO Xstream platform.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. 

Ugro Capital climbs on launching new app for MSME lending

Ugro Capital Ltd. is a non-banking financial service company, which engages in the business of lending. It deals in financing small and mid-size and micro, small, and medium enterprises with focus on healthcare, education, chemicals, food processing, hospitality, electrical equipment and components, auto components, and light engineering segments. The company was founded by Shachindra Nath on February 10, 1993 and is headquartered in Mumbai, India.

Watchers	24
52-Wk Low	131.25
52-Wk High	319.15

Market Cap	26.28B
Volume (M)	175,454.00
52-Wk High	319.15
52-Wk Low	131.25

UGROCAP.NSE Ugro Capital Ltd.

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