Last updated on February 21, 2024
UGRO Capital NCD February 2024 Description – Ugro Capital is a non-deposit-taking systemically important NBFC registered with the RBI. The company has been categorized as a ‘Middle Layer’ NBFC under the scale-based regulatory framework for NBFCs introduced by the RBI, with effect from 30 September 2022 and updated vide Scale Based Regulation.
Ugro Capital is currently engaged in the business of lending and primarily deals in financing SME and MSME sectors with a focus on Healthcare, Education, Chemicals, Food Processing/FMCG, Hospitality, Electrical Equipment & Components, Auto Components and Light Engineering segments, and Micro Enterprises segments.
The company offers the following loan products and solutions to MSMEs through our technology platforms:
- Prime Secured Loans
- Prime Unsecured Loans
- Micro Enterprise Loans
- Machinery Loans
- Supply Chain Finance
- Partnerships and Alliances
Ugro Capital serves a diverse set of customers. Presently, the branches are divided into two segments i.e., prime branches having bases in metro, tier 1, and tier 2 cities with customer turnover of INR 1 crore to INR 15 crore and micro branches having bases in tier 3 to 6 cities having customer turnover of less than INR 1 crore. Of the said AUM, approximately 73% is in the form of secured/ quasi-secured lending.
The company’s underwriting model GRO Score 3.0 has helped in the growth of the business and the company has collaborated with 13 co-lending partners, over 58 lenders, 40 fintechs, 70 Anchors, 50 OEMs, and 500 GRO partners to provide data-backed customized finance solutions to over 67,000 MSMEs across India.
Promoters of UGRO Capital – Poshika Advisory Services LLP
UGRO Capital NCD February 2024 Details
| Subscription Dates | 8 – 21 February 2024 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures |
| Face Value | INR 1,000 per NCD |
| Issue Price | INR 1,000 per NCD |
| Issue Size (Base) | INR 100 crore |
| Overall Issue Size (including oversubscription) | INR 200 crore |
| Minimum Lot Size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 18 months 24 months 27 months |
| Credit Rating | IND A/Stable |
| Category Reservation | Category 1 (QIB): 10% Category 2 (NII): 10% Category 3 (HNI): 40% Category 4 (Retail): 40% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE, NSE |
UGRO Capital NCD February 2024 – Options and Coupon Rates
| Option | Tenure | Interest Payment | Coupon Rate | Effective Yield | Maturity Amount |
| Series 1 | 18 months | Monthly | 10.25% | 10.72% | INR 1,000 |
| Series 2 | 18 months | Annual | 10.75% | 10.82% | INR 1,000 |
| Series 3 | 24 months | Quarterly | 10.35% | 10.74% | INR 1,000 |
| Series 4 | 27 months | Monthly | 10.50% | 11.01% | INR 1,000 |
| Series 5 | 27 months | Annual | 11.00% | 11.03% | INR 1,000 |
UGRO Capital Non-Convertible Debentures Lead Manager
JM FINANCIAL LIMITED
7th Floor, Cnergy, Appasaheb Marathe Marg,
Prabhadevi Mumbai – 400 025
Phone:Â +91 22 6630 3030
Email:Â [email protected]
Website: jmfl.com
UGRO Capital Non-Convertible Debentures Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 810 811 4949
Email: [email protected]
Website: www.linkintime.co.in
UGRO Capital NCD Documents
UGRO Capital Contact Details
UGRO CAPITAL LIMITED
Equinox Business Park, Tower 3, Fourth Floor,
Off BKC, LBS Road, Kurla, Mumbai – 400070, Maharashtra
Phone: +91 22 4182 1600
Email:Â [email protected]
Website:Â https://www.ugrocapital.com
UGRO Capital NCD February 2024 Subscription Status (no. of times)
| Date | QIB | NII | HNI | Retail | Total |
|---|---|---|---|---|---|
| 21 Feb 2024 | 0.00 | 9.20 | 1.48 | 1.50 | 2.11 |
| 20 Feb 2024 | 0.00 | 7.19 | 1.42 | 1.35 | 1.83 |
| 19 Feb 2024 | 0.00 | 7.19 | 1.42 | 1.29 | 1.80 |
| 16 Feb 2024 | 0.00 | 2.19 | 1.40 | 1.04 | 1.19 |
| 15 Feb 2024 | 0.00 | 2.15 | 1.40 | 0.95 | 1.15 |
| 14 Feb 2024 | 0.00 | 0.15 | 1.37 | 0.85 | 0.90 |
| 13 Feb 2024 | 0.00 | 0.15 | 1.36 | 0.75 | 0.86 |
| 12 Feb 2024 | 0.00 | 0.15 | 0.88 | 0.62 | 0.62 |
| 9 Feb 2024 | 0.00 | 0.15 | 0.81 | 0.39 | 0.50 |
| 8 Feb 2024 | 0.00 | 0.02 | 0.03 | 0.21 | 0.10 |
UGRO Capital NCD February 2024 Allotment Status
UGRO Capital NCD February 2024 allotment status will be updated on the website of Link Intime India Private Limited website. Click on this link to get allotment status.
UGRO Capital NCD February 2024 FAQs
What are the face value and lot size of UGRO Capital NCD February 2024?
The NCDs will be issued at a face value of INR 1,000 each NCD and the minimum lot size is 10 NCDs.
What is the frequency of interest payment in UGRO Capital NCD February 2024?
The frequency of payment for UGRO Capital NCD is Monthly, Quarterly, and Annual.
What is the basis of allotment in UGRO Capital NCD February 2024 offer?
UGRO Capital NCDs will be allotted on a First Come First Serve Basis.
