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NCD Status: Closed [8th Feb 2024 to 21st Feb 2024]
UGRO Capital Limited is issuing secured and redeemable NCDs with a base issue size of Rs 100.00 Cr and an Oversubscription issue size of Rs 100.00 Cr. The subscription period is opening from 08 Feb to 21 Feb 2024 and the company is issuing Series I to V at an issue price of Rs. 1000 per NCD. The lot size of NCD is about 10 lots , so the total cost for NCD is Rs 10,000. The face value of each NCD is Rs. 1000. The tenure of the NCDs is 18, 24, and 27 months with a coupon rate of 10.25% to 11.03% per annum.
Learn more about UGRO Capital Limited including credit rating, coupon rates for each series, basis of allotment, payment frequency and more.
| NCD Opening Date: | 8th Feb 2024 |
| NCD Closing Date: | 21st Feb 2024 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | ₹100.00Cr |
| Issue Size (Shelf): | |
| Face Value: | Rs 1000 each NCD |
| Issue Price: | Rs 1000 per NCD |
| Market Lot: | 1 NCD |
| Min Order Qty: | 10 NCD |
| Min Order Amount: | Rs 10000 |
| Listing at: | BSE, NSE |
| Tenor: | 18, 24 and 27 months |
| Rating: | IND A/Stable by India Ratings & Research Private Limited |
| Series: | Series I to V |
| Payment Frequency: | Monthly, Quarterly and Annually |
| Basis of Allotment: | |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 8th Feb 2024 |
| NCD Issue Close | 21st Feb 2024 |
| BSE Code: | 3312 |
| BSE Script Symbol: | UGROD4 |
| NSE Code: | UGROD4 |
* - Tentative Dates
| Category Name | NCD's Reserved | NCD's Allocated |
|---|---|---|
| Institutional | 100000 | 10% |
| Non-Institutional | 100000 | 10% |
| HNI | 400000 | 40% |
| Retail | 400000 | 40% |
UGRO Capital Limited was founded in 1993. The company is a non-deposit-taking, systemically important NBFC registered with the RBI and the shares of the company are listed on the NSE and BSE. The Company has been classified as a "Middle Layer" NBFC under the regulatory framework for NBFCs introduced by the RBI with effect from September 30, 2022, and updated with the Scale Based Regulation. It is currently engaged in lending business with a focus on financing SMEs and MSMEs, particularly in the healthcare, education, chemicals, food processing/FMCG, hospitality, electrical appliances and components, auto components and light engineering and micro enterprises segments. Its technology platforms offer the following credit products and solutions for MSMEs.
UGRO Capital Limited's revenue increased by 118.16% and profit after tax (PAT) rose by 173.37% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,330.69 | 4,305.59 | 2,854.23 | 1,750.89 |
| Revenue | 471.98 | 683.76 | 313.42 | 153.34 |
| Profit After Tax | 54.13 | 39.78 | 14.55 | 28.73 |
| Net Worth | 1,404.92 | 984.04 | 966.56 | 952.44 |
| Total Borrowing | 3,148.93 | 1,801.84 | 765.69 | |
| Amount in ₹ Crore | ||||
UGRO Capital Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 |
|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Annual | Quarterly | Monthly | Annual |
| Nature | Secured | Secured | Secured | Secured | Secured |
| Tenor | 18 Months | 18 Months | 24 Months | 27 Months | 27 Months |
| Coupon (% per Annum) | 10.25% | 10.75% | 10.35% | 10.50% | 11.00% |
| Effective Yield (% per Annum) | 10.72% | 10.82% | 10.74% | 11.01% | 11.03% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 |
Last Updated on 2024-02-24T05:33:07+00:00
