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

Sep 5, 2022 - Sep 20, 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 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.

U GRO 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.

Ugro Capital NCD Sep 2022 Detail

Issue Open Sep 5, 2022 - Sep 20, 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 and CRISIL A- by CRISIL Ratings 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 25%
Non-Institutional 25%
HNI 25%
Retail 25%

NCD's Offered by Category

Category ? NCD's Reserved
Institutional 125,000
Non-Institutional 125,000
HNI 125,000
Retail 125,000
Total NCD's 500,000
  Series 1 Series 2 Series 3
Frequency of Interest Payment Quarterly Quarterly Monthly
Nature Secured
Tenor 18 months 27 months 36 months
Coupon Rate (% per Annum) for NCD Holders in Category I, II, III & IV 10.15% 10.35% 10.50%
Effective Yield (% per Annum) for NCD Holders in Category I, II, III & IV 10.52% 10.74% 11.01%
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 and CRISIL A- (read as CRISIL A minus) (Outlook: Stable)" for an amount of ₹ 25,000 lakhs by CRISIL Ratings Limited.

Company Promoters

Poshika Advisory Services LLP is the Promoter of the company.

Company Financials

Ugro Capital Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-201211.44105.1619.52921.52
31-Mar-211754.79153.3428.73952.44
31-Mar-222854.23313.4214.55966.56
Amount in ₹ Crore

Objects of the Issue

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

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

2. General corporate purposes.

Ugro Capital NCD Sep 2022 Prospectus

Ugro Capital NCD Sep 2022 Subscription Status

The Ugro Capital NCD Sep 2022 is subscribed 2.34x times on Sep 20, 2022 5:00:00 PM. The ncd subscribed 1.46x times in the retail category, 1.20x times in the QIB category, and 1.75x times in the NII category.

Category ?Subscription (times)
Institutional1.20x
Non-Institutional1.75x
HNI1.46x
Retail4.94x
Total2.34x

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Ugro Capital NCD Sep 2022 Rating

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Ugro Capital NCD Sep 2022 Reviews

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
Email: cs@ugrocapital.com
Website: https://www.ugrocapital.com/

Ugro Capital NCD Sep 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.ncd3@linkintime.co.in
Website: https://linkintime.co.in/

Ugro Capital NCD Sep 2022 Lead Manager(s)


2 Comments

2. aman   I Like It. | Report Abuse |   Link | Sep 5, 2022 9:58:26 AM Reply
pls mention mode of refund also provide page no.
so that i can read in prospectus
1. Abhinav Chaitanya   I Like It. | Report Abuse |   Link | Sep 2, 2022 9:35:33 AM Reply
Nothing is mentioned about the mode of refund of the NCD.

Regards ISIN: INE583D07174, they had a fine print in the allottment advice stating that every 9 months they would be refunding 1/3rd of the amount thus reducing the invested amount !!!

Regarding this issue no such information is seen on this website !!!