Ugro Capital Limited NCD-Ugro Capital NCD Sep 2022

Ugro Capital Limited NCD will open for subscription from 05 September 2022. the company aims for a base issue size of ₹ 50 Crores.

Ugro Capital Limited

Incorporated on February 10, 1993, U GRO Capital Limited is engaged in the lending business and focuses on the MSMEs sector in India. Company follows a data-centric, technology-enabled approach for its business growth. The company has identified Healthcare, Education, Chemicals, Food Processing/FMCG, Hospitality, Electrical Equipment & Components, Auto Components & Light Engineering, and Micro Enterprises as the major sectors of its business. The company mixes the traditional branch-based lending approach with the modern FinTech-based lending systems. U GRO has made significant investments in technology and has set up its lending business driven by analytics which enables the delivery of customized offerings to its loan applicants.

URGO Capital offers MSMEs a diverse range of product offerings like term loans (secured and unsecured), supply chain financing, machinery loan, and short-term financing through its multiple FinTech and NBFC partners. Additionally, the company does co-lending with FinTech and smaller NBFC partners to expand its reach and lend to micro-enterprises.
As of March 31, 2021, the company has a network of 34 branches comprising 9 prime and 25 micro branches. Apart from these branches the company also uses, eco-system channels, partnerships & alliances, and direct digital channels to increase its disbursement and loan portfolio.

Objects of the Issue

  • For onward lending, financing, and repayment of interest and principal of existing borrowings Of the Company.
  • General corporate purposes.

Ugro Capital NCD Sep 2022 Detail

Issue OpenSep 5, 2022 – Sep 22, 2022
Security NameUgro Capital Limited
Security TypeSecured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base)₹50.00 Crores
Issue Size (Shelf)₹50.00 Crores
Issue Price₹1000 per NCD
Face Value₹1000 each NCD
Minimum Lot Size10 NCD
Market Lot1 NCD
Listing AtBSE, NSE
Credit RatingACUITE A+ by Acuite Ratings and Research Limited and CRISIL A- by CRISIL Ratings Limited
Tenor18, 27 and 36 Months
SeriesSeries I to III
Payment FrequencyMonthly and Quarterly
Basis of AllotmentFirst Come First Serve Basis

Coupon Rates

 Series 1Series 2Series 3
Frequency of Interest PaymentQuarterlyQuarterlyMonthly
Tenor18 months27 months36 months
Coupon Rate (% per Annum) for NCD Holders in Category I, II, III & IV10.15%10.35%10.50%
Effective Yield (% per Annum) for NCD Holders in Category I, II, III & IV10.52%10.74%11.01%
Amount on Maturity for NCD Holders in Category I, II, III & IVRs 1,000Rs 1,000Rs 1,000

NCD Rating

The NCDs proposed to be issued under the Issue have been rated ACUITE A+ for an amount of Rs. 20,000 lakhs by Acuite Ratings and Research Limited such ratings are considered to have a stable outlook and CRISIL A- (read as CRISIL A minus) (Outlook: Stable)” for an amount of ₹ 25,000 lakhs by CRISIL Ratings Limited.

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
(Amount in ₹ Crore)

NCD Allocation Ratio

Category NCD’s Allocated

NCD’s Offered by Category

Category NCD’s Reserved
Total NCD’s500,000

Company Promoters

  • Poshika Advisory Services LLP 

NCD Lead Manager

  • Sundae Capital Advisors.
  • Tipsons Consultancy Services Private Limited.

Ugro Capital NCD Sep 2022 Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083

Phone: +91-22-4918 6270

Company Contact Information

Ugro Capital Limited
4th Floor, Tower 3,
Equinox Business Park, Off BKC,
LBS Road, Kurla (West), Mumbai – 400 070

Phone: +91 22 4891 8686

Final Thoughts

Non Convertible Debentures (NCD) is a better investment option for those who are looking for a diversified portfolio. investing in Ugro Capital Limited NCD is purely your personal choice. make a good study and analysis before you make the investment.

Happy Investing

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