Ugro Capital is currently trading at Rs. 159.55, up by 0.65 points or 0.41% from its previous closing of Rs. 158.90 on the BSE.
The scrip opened at Rs. 160.50 and has touched a high and low of Rs. 162.25 and Rs. 158.00 respectively. So far 4329 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 211.50 on 19-Sep-2022 and a 52 week low of Rs. 130.90 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 166.90 and Rs. 151.75 respectively. The current market cap of the company is Rs. 1121.89 crore.
The promoters holding in the company stood at 2.87%, while Institutions and Non-Institutions held 8.97% and 88.15% respectively.
Ugro Capital has planned to raise Rs 340 crore in equity capital through a preferential allotment and qualified institutional placement. Its board approved Rs 240 crore worth of shares to IFU (Investeringsfonden for Udviklingslande), a Danish sustainable development goals investment fund, on a preferential allotment basis. Another Rs 101 crore will be raised from long-term shareholders like insurance companies, AIFs, and other financial institutions through a qualified institutional placement.
The company has already entered into a definitive investment agreement with IFU, a Denmark government-owned fund offering risk capital to companies in developing countries and emerging markets. The new fundraising, its second equity capital raising after the first round in 2018, when it had mopped up Rs 900 crore, will primarily be used for onward lending to MSMEs.
UGRO Capital is engaged in providing financial services.