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NCD Status: Closed [5th Sep 2022 to 20th Sep 2022]
Ugro Capital NCD of Rs. 50 Cr with a shelf size of Rs. 50 Cr opens for subscription from 05 Sept to 21 Sept 2022. The company issues series I to III secured and redeemable NCD at an issue size of Rs. 1000 per NCD. One can subscribe to the NCD with a minimum ticket size of Rs. 10,000 (10 NCDs), and the NCD tenor is 18, 27, and 36 months. Check more about the Ugro Capital NCD Sept 2022 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
| NCD Opening Date: | 5th Sep 2022 |
| NCD Closing Date: | 20th Sep 2022 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | Rs 50 Cr |
| Issue Size (Shelf): | Rs 50 Cr |
| 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, 27 and 36 Months |
| Rating: | ACUITE A+ by Acuite Ratings and Research Limited and CRISIL A- by CRISIL Ratings Limited |
| Series: | Series I to III |
| Payment Frequency: | Monthly and Quarterly |
| Basis of Allotment: | First Come First Serve Basis |
| Interest on return: |
Zerodha Trade@20
| NCD Activity | Date |
|---|---|
| NCD Issue Open | 5th Sep 2022 |
| NCD Issue Close | 20th Sep 2022 |
| BSE Code: | 511742 |
| NSE Code: | UGROCAP |
* - Tentative Dates
| Category Name | NCD's Allocated |
|---|---|
| Institutional | 25% |
| Non-Institutional | 25% |
| HNI | 25% |
| Retail | 25% |
Ugro Capital is a non-deposit taking NBFC that provide access to finance to underserved MSME sector. The company is engaged in the lending business to eight key sectors including healthcare, education, chemicals, food processing/FMCG, hospitality, electrical equipment and components, auto components, and light engineering. Its business model works on digital lending activities to enable faster application based disbursal at less operating costs. Its prime customers are from the prime segment (<10% interest rates) to the micro enterprises (20-25% interest rates). It also co-lend with small NBFCs and FinTech to expand the reach.
The company follows branch-based lending and has a network of 20 prime branches and 76 micro branches with a total loan portfolio worth Rs. 3,656 Cr with more than 25000 customers, as of June 2022. Apart from these branches, it also uses, eco-system channels, partnerships & alliances, and direct digital channels to increase its disbursement and loan portfolio.
Ugro Capital has:
(A) 25+ API integrations
(B) State-of-the-art bank, bureau and GST statement analyzers
(C) Automated policy approvals
(D) Machine learning OCR technology to deliver 60 min in principal approval to the customer
(E) In house BRE Rule Engine
(F) Customized Sourcing Modules and
(G) Data Lake for 360-degree customer view.
| Ugro Capital Limited Financials (₹ in Cr) | 31-Mar-2022 | 31-Mar-2021 | 31-Mar-2020 |
|---|---|---|---|
| Total Assets | ₹2854.23 | ₹1754.79 | ₹1211.44 |
| Total Income | ₹313.42 | ₹153.34 | ₹105.16 |
| Net Profit/Loss | ₹14.55 | ₹28.73 | ₹19.52 |
| Tenure | 18 months | 27 months | 36 months |
| Options | I | II | III |
|---|---|---|---|
| Coupon Rate % Per Annum | 10.15% | 10.35% | 10.50% |
| Effective Yield (% per annum) | 10.52% | 10.74% | 11.01% |
| Amount on Maturity | ₹1,000 | ₹1,000 | ₹1,000 |
Poshika Advisory Services LLP is the Promoter of the company.
Ugro Capital NCD has been rated CRISIL A-/Negative by CRISIL and ACUITE A+ by Acuite Ratings & Research Limited
Last Updated on 2022-10-06T00:59:25+00:00
