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Ugro Capital Limited NCD (Ugro Capital NCD April 2022) Detail

Apr 7, 2022 - Apr 28, 2022
Ugro Capital Limited Logo

Incorporated on February 10, 1993, U GRO Capital Limited is engaged in the lending business and focuses on the MSMEs sector in India. The 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 for 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.
U GRO Capital offers MSMEs a diverse range of product offerings like term loan (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 the micro-enterprises.
As of March 31, 2021, the company has a network of 34 branches comprising of 9 prime and 25 micro branches. Apart from these branches the company also uses, eco-system channels, partnership & alliances, and direct digital channels to increase its disbursement and loan portfolio.

Ugro Capital NCD April 2022 Detail

Issue Open Apr 7, 2022 - Apr 28, 2022
Security Name Ugro Capital Limited
Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Issue Size (Base) Rs 50.00 Crores
Issue Size (Shelf) Rs 50.00 Crores
Issue Price Rs 1000 per NCD
Face Value Rs 1000 each NCD
Minimum Lot size 10 NCD
Market Lot 1 NCD
Listing At BSE, NSE
Credit Rating ACUITE A+ by Acuite Ratings and Research Limited.
Tenor 18, 27 and 36 Months
Series

Series I to III

Payment Frequency Monthly and Quarterly
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

Category ? NCD's Allocated
Institutional 20%
Non-Institutional 20%
HNI 30%
Retail 30%

NCD's Offered by Category

Category ? NCD's Reserved
Institutional 100,000
Non-Institutional 100,000
HNI 150,000
Retail 150,000
Total NCD's 500,000

Coupon Rates

Series 1 Series 2 Series 3
Frequency of Interest Payment Quarterly Monthly Monthly
Nature Secured
Tenor 18 months 27 months 36 months
Coupon Rate (% per Annum) for NCD Holders in Category I, II, III & IV 10.00% 10.15% 10.40%
Effective Yield (% per Annum) for NCD Holders in Category I, II, III & IV 10.37% 10.62% 10.90%
Amount on Maturity for NCD Holders in Category I, II, III & IV Rs 1,000 Rs 1,000 Rs 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.

Company Promoters

Poshika Advisory Services LLP is the Promoter of the company.

Company Financials

Summary of Consolidated financial Information
Particulars For the year/period ended (Rs in Millions)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 17,508.95 12,124.62 8,684.76
Total Revenue 1,533.38 1,051.43 439.36
Profit After Tax 287.27 195.18 39.46

Objects of the Issue

The Net Proceeds raised through this Issue will be utilised for the following activities:

1. For the purpose of onward lending, financing, and repayment of interest and principal of existing borrowings of the Company.

2. General corporate purposes.

Ugro Capital NCD April 2022 Prospectus

Ugro Capital NCD April 2022 Rating

14
3.8
Rating:Rated 3.8 stars
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Ugro Capital NCD April 2022 Reviews

Company Contact Information

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

Phone: +91 22 4891 8686
Email: cs@ugrocapital.com
Website: https://www.ugrocapital.com/

Ugro Capital NCD April 2022 Registrar

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

Phone: +91-22-4918 6270
Email: ugrocapital.ncd2@linkintime.co.in
Website: https://linkintime.co.in/


5 Comments

5. John   I Like It. | Report Abuse |   Link | May 6, 2022 1:44:49 PM Reply
Is there any updates after the ugrow ncd ipo closing date ...
4. Bhanudas   I Like It. | Report Abuse |   Link | May 1, 2022 11:56:57 PM Reply
UGRO NCD Issue seems to closed on 28th April 2022 as per BSE website.
Admin, Please update the revised closing date, Allotment expected date, Listing date
3. gunjan   I Like It. | Report Abuse |   Link | Apr 13, 2022 4:02:58 PM Reply
any other benefit for shere holder
3.1. Kalpesh Modi   I Like It. | Report Abuse |   Link | Apr 16, 2022 6:22:08 AM
No benifit to share holder or existing NCD holder
2. Ashok   I Like It. | Report Abuse |   Link | Apr 7, 2022 6:18:42 PM Reply
How to apply online for your ncd
2.2. KB   I Like It. | Report Abuse |   Link | Apr 13, 2022 3:24:58 PM
BSE direct is not giving further option...some issue in the App.
2.3. Kalpesh Modi   I Like It. | Report Abuse |   Link | Apr 16, 2022 6:20:08 AM
To apply u can contact me on 800 and 303 ; 4four four 4. Application upto 2 lac compulsory via UPI and above 2 lac ASBA
1. Kalpesh Modi   I Like It. | Report Abuse |   Link | Apr 10, 2022 11:10:36 AM Reply
To apply u can contact me I am registered broker for the ncds of ugro 800.3o3.4444