U GRO Capital’s Public Issue Gets Oversubscribed By 1.44x Times

BW Businessworld Among new age MSME lenders, UGRO’s NCD public issue is one of the most successful public debt transactions 1640153421_yVjSOD_Logo_U_GRO_Capital.jpg U GRO Capital, 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 Rs 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…

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U GRO Capital Raises Rs 138 Cr Through ResponAbility

According to the official statement, the transaction was structured in two legs – in the first leg, an Rs 31 crore equivalent USD-denominated ECB was raised which was followed by Indian rupees denominated NCDs totalling Rs 107 core in the second leg. U GRO Capital, a listed, small business lending MSME focused fintech platform raised its first impact-focused debt investment of Rs 138 crore from funds managed, advised by Switzerland based impact investor responsAbility.  According to the official statement, the transaction was structured in two legs – in the first…

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Central Bank of India, U GRO Capital Sign Agreement; Aim To Disburse Rs.1000 Cr MSME Loans

U GRO Capital, an MSME lending fintech platform, on Wednesday said that it has signed a co-lending agreement with the Central Bank of India with an aim to disburse up to Rs. 1000 crores to varied MSME segments under its programs like Pratham, Sanjeevani, Saathi, GRO MSME and Machinery financing, in the next 12 months.  The Co-lending arrangement with the Central Bank of India will work towards providing formal credit to underserved MSMEs at affordable rates across all product categories of U GRO Capital.  For the same, the bank will…

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IDBI Bank, U GRO Capital Ink Co-lending Agreement

U GRO Capital, an NSE, and BSE-listed MSME lending fintech platform, on Friday, announced that it has signed a co-lending agreement with IDBI Bank, on the occasion of the bank’s 58th Foundation Day.  The co-lending arrangement will work towards providing formal credit to underserved MSMEs, at affordable rates. For the same, it will leverage U GRO Capital’s digital technology platform driven by a Data Tripod, which comprises GST, Banking & Bureau, in addition to the company’s deep sectoral understanding and multi-channel distribution reach.   U GRO Capital has been building…

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IDBI Bank And U GRO Capital Ink A Co-Lending Agreement

U GRO Capital, an NSE & BSE listed, MSME lending fintech platform, today announced that it has signed a co-lending agreement with IDBI Bank, on the occasion of the bank’s 58thFoundation Day.  The co-lending arrangement will work towards providing formal credit to underserved MSMEs, at affordable rates. For the same, it will leverage U GRO Capital’s digital technology platform driven by a Data Tripod, which comprises of GST, Banking & Bureau, in addition to the company’s deep sectoral understanding, and multi-channel distribution reach.  U GRO Capital has been building its…

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U GRO Capital To Become The First Fintech Lending Platform To Be Listed On Both Stock Exchanges Starting August 11

U GRO Capital, a technology enabled small business lending NBFC, today announced that it will get listed on the National Stock Exchange (NSE) on August 11. The company is listed on Bombay Stock Exchange (BSE) and with the NSE listing, the company aims to expand access to a larger set of investors and broker network. U GRO Capital’s fully paid-up 70,528,550 shares with face value of Rs. 10 each, symbol UGROCAP and series EQ, will be admitted to dealings on NSE.  U GRO Capital was instituted in 2017 by Mr.…

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