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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.
| Issue Open | November 8, 2021 - November 10, 2021 |
| 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 [.] 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 | 9 and 27 Months |
| Series | |
| Payment Frequency | Monthly |
| Basis of Allotment | First Come First Serve Basis |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 40% |
| Non-Institutional | 40% |
| HNI | 10% |
| Retail | 10% |
| Category |
NCD's Reserved |
|---|---|
| Institutional | 200,000 |
| Non-Institutional | 200,000 |
| HNI | 50,000 |
| Retail | 50,000 |
| Total NCD's | 500,000 |
| Tenor | 27 Months |
| Type of Instrument | Secured NCDs |
| Frequency of Interest Payment | Monthly |
| Redeemed Details | 1/3rd of the face value of NCD will be redeemed after every 9 months and NCD shall be fully redeemed at the end of 27 months. |
| Coupon Rate | 10.03% per annum (payable monthly) |
| Effective Yield | 10.50% |
The issue has been rated f “Acuite A” by Acuite Ratings and Research Limited. This rating signifies adequate degree of safety regarding timely servicing of financial obligations and carry low credit risk.
Poshika Advisory Services LLP is the Promoter of the company.
| 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 | ||
The Ugro Capital NCD October 2021 was subscribed 0.50 times on November 10, 2021 5:00:00 PM. The NCD subscribed 0.00 times in Retail, 0.00 times in HNI, 0.00 times in Non-Institutional, and 1.25 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 0.00x |
| HNI | 0.00x |
| Non-Institutional | 0.00x |
| Institutional | 1.25x |
| Total | 0.50x |
21 3.0 Rating:  Vote Here ... |
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/
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.ncd@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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