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NCD Status: Closed [7th Apr 2022 to 6th May 2022]
Ugro Capital NCD of Rs. 50 Cr with a shelf size of Rs. 50 Cr opens for subscription from 7 April to 6 May 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 Apr 2022 including credit rating, Coupon rates for each series, the basis of allotment, payment frequency, and more.
| NCD Opening Date: | 7th Apr 2022 |
| NCD Closing Date: | 6th May 2022 |
| NCD Type: | Secured NCD |
| Issue Size (Base): | Rs 50 Cr |
| Issue Size (Shelf): | Rs 50 Cr |
| Face Value: | Rs 10001 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 |
| 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 | 7th Apr 2022 |
| NCD Issue Close | 6th May 2022 |
* - Tentative Dates
| Category Name | NCD's Allocated |
|---|---|
| Institutional | 20% |
| Non-Institutional | 20% |
| HNI | 30% |
| Retail | 30% |
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.
It caters to the diverse requirements of MSMEs such as term loan, supply chain financing, machinery loan, short-term financing. As on December 31, 2021, it has a branch network of 14 prime branches and 68 micro branches with a total loan portfolio worth Rs. 2,589 Cr with 16,594 customers.
| Ugro Capital Financials (₹ in Cr) | 31-Mar-2021 | 31-Mar-2020 | 31-Mar-2019 |
|---|---|---|---|
| Total Assets | ₹1,750.89 | ₹1,212.46 | ₹868.48 |
| Total Income | ₹153.33 | ₹105.14 | ₹43.94 |
| Net Profit/Loss | ₹28.73 | ₹19.52 | ₹3.95 |
The company aims to raise funds from the NCD towards the following purposes;
| Tenure | 18 months | 27 months | 36 months |
| Options | I | II | III |
|---|---|---|---|
| Coupon Rate % Per Annum | 10.00% | 10.15% | 10.40% |
| Effective Yield (% per annum) | 10.37% | 10.62% | 10.90% |
| Amount on Maturity | ₹1,000 | ₹1,000 | ₹1,000 |
Poshika Advisory Services LLP is the Promoter of the company.
Acuite Ratings & Research Ltd has rated the NCD worth Rs. 200 Cr as Acuite A+. This rating signifies adequate degree of safety regarding timely servicing of financial obligations and carry low credit risk.
Last Updated on 2022-10-06T01:00:26+00:00
