Ugro Capital NCD Bonds 2021 are Open on 08 November 2021 and to close on 22 November 2021. The Company will offer 10.50% interest rates on the NCD Bonds. And NCD tenure will be applicable for 27 months. The company will raise a fund of ₹50 crores through this NCD, the company has fixed the NCD price band at ₹1000 for this according to the face value of ₹1000.
Company is a non-deposit taking systemically important NBFC registered with the RBI and the equity shares of our Company are listed on NSE and BSE. Our mission is to provide access to financing to the underserved MSME sector, which is critical to Indian economic growth and employment creation, and yet suffers from a chronic lack of affordable, efficient and sustainable credit availability. MSMEs represent the most important organic method by which the country’s impoverished can come out of the so-called ‘Poverty Trap’. Despite the challenges faced during the pandemic year.
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Our Company has received various recognitions and awards including.
(i) featuring in the Top 5 Digital / Fintech Lending Companies for MSMEs by BW Disrupt & IBS Intelligence,
(ii) ET Best BFSI Brand of the year award for FinTech Category, (iii) Best MSME Lending Company by World
Leadership Congress and Awards, (iv) Quick Loan Approval Award and Best Lending Tech of the year Award
by National Award for Excellence in Financial Services Marketing and few others.
Ugro Capital NCD Review :
■ Apply
Ugro Capital NCD Security Name :
■ UGRO Capital Limited
Ugro Capital NCD Security Type :
■ Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
Ugro Capital NCD Ratings
| Agency | Rating |
| Acuite | A |
Ugro Capital NCD Bonds Issue Details :
| Issue Open | 08 November 2021 |
| Issue Close | 22 November 2021 |
| Issue Base Size | ₹50 Cr. |
| Issue Shelf Size | ₹0 Cr. |
| Price Band | ₹1000 Per NCD |
| Face Value | ₹1000 Each NCD |
| Interest Rate | 10.50% Annual |
| Listing on | BSE & NSE Platform |
Ugro Capital NCD Market Lot :
| Market Lot : | 1 Lot |
| Minimum Lot size : | 10 NCD |
| Minimum Investment : | ₹10,000 |
Ugro Capital NCD Bond Issue Tenure & Interest Rates
| SR | 1 |
| Tenure | 27 Months |
| Nature | Secured |
| Interest | Monthly |
| Coupon Rate | 10.03% |
| Effective Yield | 10.50% |
| Maturity | 1000 |
About Ugro Capital Company
Our Company is a non-deposit taking systemically important NBFC registered with the RBI and the equity shares of our Company are listed on NSE and BSE. Our mission is to provide access to financing to the underserved MSME sector, which is critical to Indian economic growth and employment creation, and yet suffers from a chronic lack of affordable, efficient and sustainable credit availability. MSMEs represent the most important organic method by which the country’s impoverished can come out of the so-called ‘Poverty Trap’. Despite the challenges faced during the pandemic year.
Post change in management and control of our Company, we shifted our focus on lending business. We identified core sectors of MSMEs in India coupled with a data-centric, technology-enabled approach for business growth. We shortlisted 8 sectors after careful filtration of 180+ sectors in an 18-month process involving extensive study of macro and microeconomic parameters. Our eight shortlisted sectors include 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 our list of sectors in FY2020-21.
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U GRO’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. It brings in sector, geographical and product specialisation and combines with new age technology platforms. Our Company has set up its lending business primarily driven by analytics driven digital lending platform, which enables delivery of customized offerings to loan applicants.
Our Company has made significant investments in technology which enables faster application-based disbursals, thus reducing the operating costs and containing risk. Our Company’s robust credit underwriting model processes the same information as required in any traditional underwriting process including credit history, income and demographic details etc. We believe our investments in analytics in today’s digital era will provide us with a competitive edge over traditional players which are dependent on a branch-based model to acquire and service customers.
U GRO Capital lends exclusively to MSMEs and caters to all the borrowing needs through its diverse range of product offerings like Term Loan (Secured and Unsecured), Supply Chain Financing, Machinery Loan and ShortTerm financing through its multiple FinTech and NBFC Partners. It lends to customers right from the prime segment (<10% interest rates) to the micro enterprises (20-25% interest rates). Additionally, it does co-lending with FinTech and smaller NBFC Partners to expand its reach and lend to the micro enterprises through the length and breadth of India.
While it has maintained a keen focus on the initial prime/near-prime target segment, it has also worked towards addressing a broader demographic as per our efforts to solve India’s MSME credit gap. Additionally, with its lending experience, it has carved out microenterprises as a sector itself. Microenterprises behave as a homogenous group by size rather than by sector, making it ideal to underwrite them.
Company Promoters :
■ Poshika Advisory Services LLP
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
Ugro Capital IPO Lead Managers :
■ Sundae Capital Advisors
Ugro Capital NCD IPO Registrar :
Link Intime India Private Limited
SEBI Registration No: INR000004058
C-101, 247 Park, First Floor
L.B.S. Marg, Vikhroli (West)
Mumbai – 400 083, Maharashtra
Tel No: +91 22 4918 6200
Fax No: +91 22 4918 6060
Email: [email protected]
Website: www.linkintime.co.in
Company Address :
UGRO Capital Limited
4th Floor, Tower 3, Equinox Business Park,
Off BKC, LBS Road, Kurla (West),
Mumbai – 400 070, Maharashtra, India
Phone: +91 22 4891 8686
Email: [email protected]
Website: https://www.ugrocapital.com/
Ugro Capital NCD FAQs:
What is Ugro Capital NCD?
Ugro Capital NCD is Security Bond.
When Ugro Capital NCD will open?
The Ugro Capital NCD is to open on 08 November 2021 – 22 November 2021.
What is the Ugro Capital NCD Size?
Ugro Capital NCD size is ₹50 Crores.
What is the issue Shelf size of Ugro Capital NCD?
The Fresh issue size of Ugro Capital NCD ₹50 Cr.
What is Ugro Capital NCD Price Band?
Ugro Capital NCD Price Band is ₹1000 Per NCD.
What is Ugro Capital NCD Minimum Lot Size?
The Ugro Capital NCD Minimum Lot Size 10.
What is Ugro Capital NCD Interest Rate?
The Ugro Capital NCD Interest Rate is 10.50% Annual.
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