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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 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.
| Issue Open | September 5, 2022 - September 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 |
Category  |
NCD's Allocated |
|---|---|
| Institutional | 25% |
| Non-Institutional | 25% |
| HNI | 25% |
| Retail | 25% |
| 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 | |||||
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.
Poshika Advisory Services LLP is the Promoter of the company.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 1211.44 | 105.16 | 19.52 | 921.52 |
| 31-Mar-21 | 1754.79 | 153.34 | 28.73 | 952.44 |
| 31-Mar-22 | 2854.23 | 313.42 | 14.55 | 966.56 |
| Amount in ₹ Crore | ||||
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.
The Ugro Capital NCD Sep 2022 was subscribed 2.34 times on September 20, 2022 5:00:00 PM. The NCD subscribed 4.94 times in Retail, 1.46 times in HNI, 1.75 times in Non-Institutional, and 1.20 times in the Institutional category.
| Category ? | Subscription (times) |
|---|---|
| Retail | 4.94x |
| HNI | 1.46x |
| Non-Institutional | 1.75x |
| Institutional | 1.20x |
| Total | 2.34x |
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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/
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/initial_offer/public-issues.html
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