Intimation of allotment of Commercial Papers
UGROCAP · price
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Ugro Capital Ltd has announced the allotment of Commercial Papers (CPs) approved by its Investment and Borrowing Committee on 12th May 2026. The CPs have a face value of Rs. 5 lakh each and were issued at a discount of Rs. 21,238.50 per unit, translating to an annualized yield of approximately 8.4%. The total issue size is about Rs. 13.4 crore with a tenure of 184 days, maturing on 12th November 2026. The CPs are proposed to be listed and Yes Bank Limited acts as the Issuing and Paying Agent (IPA). This is a routine short-term debt instrument issuance commonly used by NBFCs to raise funds.
Commercial Paper issuance is a standard short-term borrowing mechanism for NBFCs. The Rs. 13.4 crore raise provides liquidity for operational funding. This is routine corporate action with no immediate direct impact on stock price, though successful issuance signals healthy borrowing access.