UGRO Capital NCD Nov 2021 description – The company is a non-deposit taking systemically important NBFC registered with the RBI and the equity shares of it are listed on NSE and BSE. The company aims to provide access to financing to the underserved MSME sector, which is critical to Indian economic growth and employment creation, and yet suffers from lack of affordable, efficient and sustainable credit availability.
Post change in management and control of the company in 2018, it shifted focus on lending business. UGRO Capital identified core sectors of MSMEs in India coupled with a data-centric, technology-enabled approach for business growth.
After careful filtration of 180+ sectors on macro and microeconomic parameters, the company shortlisted 8 sectors including Healthcare, Education, Chemicals, Food Processing/FMCG, Hospitality, Electrical Equipment and Components, Auto Components and Light Engineering. The company added a ninth sector – Micro Enterprises, to its list of sectors in FY2020-21.  UGRO’s business model hinges on marrying the traditional branch-based lending approach with the modern FinTech based lending. It is an amalgamation of multiple business models and brings in expertise through effective use of Technology.
Promoter of UGRO Capital – Poshika Advisory Services LLP
UGRO Capital NCD November 2021 details
| Subscription Dates | 8 – 10 November 2021 |
| Security Type | Secured, Redeemable, Non-Convertible Debentures |
| Face Value | INR1,000 per NCD |
| Issue Price | INR1,000 per NCD |
| Issue Size (Base) | INR50 crore |
| Issue Size (including oversubscription) | – |
| Minimum Lot size | 10 NCDs |
| Market Lot | 1 NCD |
| Tenor | 27 months (1/3 NCDs to be redeemed after every 9 months) |
| Coupon rate | 10.03% |
| Effective Yield | 10.50% |
| Credit Rating | Acuite A |
| Category Reservation | Category 1 (QIB): 40% Category 2 (NII): 40% Category 3 (HNI): 10% Category 4 (Retail): 10% |
| Basis of Allotment | First Come First Serve |
| Listing On | BSE, NSE |
Registrar of UGRO Capital Non Convertible Debentures
Link Intime India Private Limited
C-101, 1st Floor, 247 Park Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email:Â [email protected]
Website:Â http://www.linkintime.co.in
UGRO Capital NCD Documents
UGRO Capital Contact Details
UGRO Capital Limited
4th Floor, Tower 3, Equinox Business Park,
Off BKC, LBS Road, Kurla (West),
Mumbai – 400 070
Phone:Â +91 484-4281 111
Email:Â [email protected]
Website:Â www.klmaxiva.com
UGRO Capital NCD November 2021 Subscription Status (no. of times)
| Category 1 (QIB) | Category 2 (NII) | Category 3 (HNI) | Category 4 (Retail) | Total | |
| 10 Nov 2021 | 1.25 | 0.00 | 0.00 | 0.00 | 0.50 |
| 9 Nov 2021 | 1.25 | 0.00 | 0.00 | 0.00 | 0.50 |
| 8 Nov 2021 | 0.00 | 1.25 | 0.00 | 0.00 | 0.50 |
UGRO Capital NCD November 2021 Allotment Status
UGRO Capital NCD Nov 2021 allotment status will be updated at the website of Link Intime. Click on this link to get allotment status.
UGRO Capital NCD Nov 2021 FAQs
What are UGRO Capital NCD Nov 2021 offer dates?
UGRO Capital NCD Nov 2021 offer opens on 8 November 2021 and closes on 10 November 2021. It should be noted that the NCD offer may be closed early in case of full subscription before the closing date.
What is basis of allotment in UGRO Capital NCD November 2021 offer?
UGRO Capital NCD’s will be allotted on a First Come First Serve Basis.
What is the face value and lot size of UGRO Capital NCD November 2021?
The NCD’s 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 Nov 2021?
The frequency of payment for UGRO Capital NCD Nov 2021 is Monthly, Annual and Cumulative.
