10.5% UGRO Capital NCD November 2021

0
NCD Subscription Allotment Status
UGRO Capital NCD Nov 2021

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 Dates8 – 10 November 2021
Security TypeSecured, Redeemable, Non-Convertible Debentures
Face ValueINR1,000 per NCD
Issue PriceINR1,000 per NCD
Issue Size (Base)INR50 crore
Issue Size (including oversubscription)
Minimum Lot size10 NCDs
Market Lot1 NCD
Tenor27 months (1/3 NCDs to be redeemed after every 9 months)
Coupon rate10.03%
Effective Yield10.50%
Credit RatingAcuite A
Category ReservationCategory 1 (QIB): 40%
Category 2 (NII): 40%
Category 3 (HNI): 10%
Category 4 (Retail): 10%
Basis of AllotmentFirst Come First Serve
Listing OnBSE, 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[email protected]
Website: 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: +91 484-4281 111
Email: [email protected]
Website: 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 20211.250.000.000.000.50
9 Nov 20211.250.000.000.000.50
8 Nov 20210.001.250.000.000.50

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here