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UGRO Capital Limited NCD (Ugro Capital NCD October 2021) Detail

November 8, 2021 - November 10, 2021
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 October 2021 Detail

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
Payment Frequency Monthly
Basis of Allotment First Come First Serve Basis

NCD Allocation Ratio

Category ? NCD's Allocated
Institutional 40%
Non-Institutional 40%
HNI 10%
Retail 10%

NCD's Offered by Category

Category ? NCD's Reserved
Institutional 200,000
Non-Institutional 200,000
HNI 50,000
Retail 50,000
Total NCD's 500,000

Coupon Rates

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%

NCD Rating

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.

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

  • For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the company; and
  • General Corporate Purposes

Ugro Capital NCD October 2021 Prospectus

Ugro Capital NCD October 2021 Subscription Status

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)

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Ugro Capital NCD October 2021 Rating

Rating:Rated 3.0 stars
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Ugro Capital NCD October 2021 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

Ugro Capital NCD October 2021 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

Ugro Capital NCD October 2021 Lead Manager(s)


3. Ajay kumar rangwa     Link|November 8, 2021 10:55:11 AM
I will never apply any NCD except TATA. You can see the results of DHFL and SREI NCD holders situation. Their maximum capital lost and looted by this company.
3.1. Niraj Mahajan     Link|November 29, 2021 6:58:05 PM
Not every company will be safe. But NCD still better than Post Office & Savings. I got my Capital & interest back from Edelweiss in time. NCD are risky but do due diligence
2. Nigs     Link|November 8, 2021 8:17:09 PM
DHFL has paid to all its ncd holders.
1. Saurabh Ji     Link|November 3, 2021 1:32:11 PM
Can i apply in this NCD? Is this safe?
1.1. Ajay kumar rangwa     Link|November 8, 2021 10:51:08 AM
Not safe. Shouldn't trap in higher rate of interest. You can see the result of DHFL and SREI NCD was looted money of NCD holder. So be safe to invest in Bank or Post office for guaranteed return of your capital.

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