Intimation of newspaper advertisement with respect to basis of allotment of rights issue
UGROCAP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
UGRO Capital Limited has completed the allotment of its rights issue of 2,35,01,363 equity shares of face value ₹10 at ₹162 per share (including ₹152 premium), raising approximately ₹380.72 crores in the ratio of 50 shares for every 189 held. The issue, which opened on June 13, 2025 and closed on June 23, 2025, was subscribed at 95.33%, with 3,735 valid applications received and 149 applications for 65,556 shares rejected on technical grounds. Allotment was approved on June 24, 2025; shares were credited to demat accounts on June 25, 2025, and trading is expected to commence around June 28, 2025. Notably, a single Specific Investor, Izdihar Mohsin Haider Al Zaabi, received 2,06,85,779 shares, accounting for roughly 88% of the total issue size. Other specific investors include Badrikedar Commercials, Morde Foods, and Zodiac Wealth Advisors. The newspaper advertisements were published in Jansatta, Financial Express, and Navshakti (Mumbai) on June 26, 2025.
The rights issue completion boosts UGRO Capital's capital base, supporting growth for this NBFC, but the heavy concentration of shares (about 88%) allocated to a single Specific Investor may raise concerns about diluted promoter control and a potential supply overhang on the stock once trading resumes on June 28, 2025. Existing shareholders should monitor price action closely when the newly allotted shares start trading.