UGRO Capital NCD September 2022 description – The company is a non-deposit taking systemically important NBFC registered with the RBI. UGRO’s mission is “To Solve the Unsolved” – India’s USD600+ billion SME credit availability problem, it aspires to capture 1% market share (INR 20,000+ Cr AUM) of the total MSME lending market by 2025. It lends exclusively to MSMEs and caters to all the borrowing needs through its diverse range of product offerings like Secured LAP Affordable LAP, Micro Enterprises Loans, Machinery Loans, Unsecured Business Loans and Supply Chain Financing. It lends to customers right from the prime segment (<10% interest rates) to the micro enterprises (20- 25% interest rates).
Additionally, it does co-lending with FinTech and smaller NBFC Partners to expand its reach and lend to the micro enterprises through the length and breadth of India. While it has maintained a keen focus on the initial prime/near-prime target segment, it has also worked towards addressing a broader demographic as per its efforts to solve India’s MSME credit gap.
As on June 30, 2022, UGRO Capital operated from 20 prime branches and 76 micro branches with a total loan portfolio of INR3,656 crore and catering to 25,000+ customers. Of the said loan portfolio, approx. 74% is in form of secured/quasi-secured lending. Its loan book has grown from INR1,316.88 as at March 31, 2021 to INR2,969 crore as at March 31, 2022. Across its offered products, average ticket size stood at INR18.10 Lakhs and its average lending rate stood at 16.4%.
Promoters of UGRO Capital – Poshika Advisory Services LLP
UGRO Capital NCD September 2022 Details
| Subscription Dates | 5 – 20 September 2022 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures |
| Face Value | INR1,000 per NCD |
| Issue Price | INR1,000 per NCD |
| Issue Size (Base) | INR50 crore |
| Overall Issue Size (including oversubscription) | INR100 crore |
| Minimum Lot size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 18 months 27 months 36 months |
| Credit Rating | CRISIL A-/Stable Acuite A+/Stable |
| Category Reservation | Category 1 (QIB): 25% Category 2 (NII): 25% Category 3 (HNI): 25% Category 4 (Retail): 25% |
| Basis of Allotment | First Come First Serve |
| Listing On | NSE, BSE |
UGRO Capital NCD September 2022 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 18 months | Quarterly | 10.15% | 10.53% | INR1,000 |
| Series 2 | 27 months | Quarterly | 10.35% | 10.74% | INR1,000 |
| Series 3 | 36 months | Monthly | 10.50% | 11.01% | INR1,000 |
UGRO Capital Non Convertible Debentures Lead Manager
Sundae Capital Advisors Private Limited
Level 11, Platina, Plot No. C – 59
‘G’ Block, Bandra Kurla Complex
Bandra (East), Mumbai – 400 051
Phone: +91 22 6884 1336
Email: [email protected]
Website: www.sundaecapital.com
UGRO Capital Non Convertible Debentures Registrar
Link Intime India Private Limited
C 101, 247 Park B S Marg
Vikhroli West, Mumbai – 400 083
Phone: +91 22 4918 6200
Email: [email protected]
Website: www.linkintime.co.in
UGRO Capital NCD Documents
- UGRO Capital NCD Red Herring Prospectus
- UGRO Capital NCD Draft Prospectus
- Upcoming NCDs
UGRO Capital Contact Details
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: [email protected]
Website: https://www.ugrocapital.com
UGRO Capital NCD September 2022 Subscription Status (no. of times)
| Dates | Category 1 (QIB) | Category 2 (NII) | Category 3 (HNI) | Category 4 (Retail) | Total |
| 20 Sep 2022 | 1.20 | 1.35 | 1.45 | 4.16 | 2.04 |
| 19 Sep 2022 | 1.20 | 1.75 | 1.43 | 4.47 | 2.21 |
| 16 Sep 2022 | 1.20 | 1.75 | 1.35 | 4.04 | 2.09 |
| 15 Sep 2022 | 1.20 | 1.74 | 1.34 | 3.78 | 2.02 |
| 14 Sep 2022 | 1.20 | 0.91 | 0.94 | 3.43 | 1.62 |
| 13 Sep 2022 | 0.80 | 0.67 | 0.49 | 3.13 | 1.27 |
| 12 Sep 2022 | 0.80 | 0.67 | 0.41 | 2.86 | 1.19 |
| 9 Sep 2022 | 0.40 | 0.67 | 0.38 | 1.87 | 0.83 |
| 8 Sep 2022 | 0.40 | 0.67 | 0.29 | 1.81 | 0.79 |
| 7 Sep 2022 | 0.40 | 0.42 | 0.18 | 1.37 | 0.60 |
| 6 Sep 2022 | 0.00 | 0.42 | 0.10 | 0.86 | 0.34 |
| 5 Sep 2022 | 0.00 | 0.41 | 0.04 | 0.37 | 0.20 |
UGRO Capital NCD September 2022 Allotment Status
UGRO Capital NCD September 2022 allotment status will be updated at the website of Link Intime’s website. Click on this link to get allotment status.
UGRO Capital NCD September 2022 FAQs
What is the face value and lot size of UGRO Capital NCD September 2022?
The NCDs will be issued at a face value of INR1,000 each NCD and the minimum lot size is 10 NCDs.
What is the frequency of interest payment in UGRO Capital NCD September 2022?
The frequency of payment for UGRO Capital NCD is Monthly and Quarterly.
What is basis of allotment in UGRO Capital NCD September 2022 offer?
UGRO Capital NCDs will be allotted on a First Come First Serve Basis.
