Ugro Capital raises ₹24.45 Cr via commercial papers
Ugro Capital raised ₹24.45 Cr through the allotment of Commercial Papers on June 22, 2026, maturing on September 21, 2026. The 91-day instruments were issued at ₹4,89,027 per security against a face value of ₹5,00,000, with Yes Bank Limited acting as the Issue and Paying Agent.
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Ugro Capital has successfully raised ₹24.45 Cr through the allotment of Commercial Papers on June 22, 2026. The debt instruments, maturing on September 21, 2026, carry a tenure of 91 days and were issued to bolster the company's borrowing resources.
The Investment and Borrowing Committee of the Board of Directors approved the allotment pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The securities are proposed to be listed, providing transparency and tradability for investors.
The Commercial Papers were issued at a price of ₹4,89,027 per security against a face value of ₹5,00,000. The total issue size amounted to ₹24,45,13,500, with a redemption value fixed at ₹25,00,00,000. Yes Bank Limited served as the Issue and Paying Agent for the transaction.
Key Details of the Allotment
| Description | Details |
|---|---|
| Description of the Security | Commercial Papers |
| Listed/Unlisted | Proposed to be listed |
| Allotment Date | 22 June 2026 |
| Redemption Date | 21 September 2026 |
| Tenure of the security | 91 days |
| Face Value per Security (₹) | 5,00,000 |
| Issue Price per Security (₹) | 4,89,027 |
| Issue value (₹) | 24,45,13,500 |
| ISIN | INE583D14931 |
| Redemption value (₹) | 25,00,00,000 |
| Name of IPA | Yes Bank Limited, Mumbai |
Historical Stock Returns for UGRO Capital
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.31% | +1.12% | -1.73% | -43.24% | -46.29% | -12.60% |
How will Ugro Capital utilize the proceeds from this commercial paper issuance to support its lending growth?
What does the pricing of this issue indicate about the current market perception of Ugro Capital's credit risk?
Will this successful allotment lead the company to increase its reliance on short-term commercial paper for future funding needs?
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