UGRO Capital Limited NCD Company Profile:
UGRO Capital Limited is a technology-focused (data-centric & technology-enabled approach), small business lending platform. The company is focused on addressing the capital needs of small businesses operating in select eight sectors by providing customized loan solutions Energy and utility
- Business loans
- Green Financing
- Retail Financing
- Machine and Equipment Financing
In summary, UGRO Capital offers supply chain financing, unsecured business loans, machinery loans, business loans secured by property, new age products, and micro enterprises loan. The co. is a Data-Tech Lending platform, for the small business credit gap in India.
UGRO Capital Limited is coming up with a public issue by the company of secured, redeemable, non-convertible debentures of face value ₹ 1,000 each (“NCDs” or “debentures”), for an amount up to ₹100crores (“base issue size”) with an option to retain oversubscription up to ₹100crores, aggregating up to ₹200 crores is being offered by way of this prospectus. The issue opens for subscription on Thursday, 10th October, 2024 and will close on Wednesday, 23rd October, 2024. The allotment is on a first come first serve basis with the minimum application to be made is of 10 NCDs.
UGRO Capital Limited NCD Details :
| Issue opens: | Thursday, October 10 2024 | ||||
| Issue closes: | Wednesday, October 23 2024 | ||||
| Allotment: | First Come First Serve Basis | ||||
| Face Value: | Rs.1,000 per NCD | ||||
| Nature of Instrument: | Secured Redeemable Non-Convertible Debentures | ||||
| Minimum Application: | 10 NCDs (Rs.10, 000) & in multiple of 1NCD thereafter | ||||
| Listing: | BSE & NSE | ||||
| Credit Rating: | IND A+/STABLE | ||||
| Issue Size: | Public issue by UGRO Capital Limited (the “Company”/ “Issuer”) of secured redeemable, non-convertible debentures of face value of ₹1,000. Each (“NCDs”) for an amount up to ₹100 crores (“Base Issue Size”) with option to oversubscription upto₹100 crores aggregating up to ₹200 crores. | ||||
| Registrar: | Link Intime India Private Limited | ||||
| Category | I – Institutional (“QIB”) | II – Non-Institutional (“Corporates”) | III – High Net worth
Individual (“HNI”) (Amount aggregating to above ₹ 10 lakh) |
IV – Retail Individual (“Retail”) (Amount aggregating up to and including ₹ 10 lakh) | |
| Category Allocation of the overall Issue Size | 25% of Overall Issue Size
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25% of Overall Issue Size
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25% of Overall Issue Size
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25% of Overall Issue Size
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UGRO Capital Limited NCD
Application form
UGRO Capital Limited NCD Issue Break Up:
| Category | Allocation | Amount in Crs. | |
| Base Issue | Issue | ||
| Institutional Investors | 25% | 25 | 50 |
| Non Institutional Investors | 25% | 25 | 50 |
| HNI | 25% | 25 | 50 |
| Retail Individual Investors | 25% | 25 | 50 |
| Total | 100% | 100 | 200 |
UGRO Capital Limited NCD Specific Terms of the Prospectus:
The terms of the NCDs offered under the Issue are as follows:
| Series | I | II | III |
| Frequency of Interest Payment | Monthly | Monthly | Monthly |
| Minimum Application | ₹ 10,000 (10 NCDs) across all | ||
| In Multiples of thereafter (₹) | ₹ 1,000 (1 NCD) | ||
| Face Value/ Issue Price of NCDs (₹/ NCD) | ₹ 1,000 | ||
| Type of Instrument | Secured NCDs | ||
| Tenor | 18 Months | 24 Months | 30 Months |
| Coupon (% per annum) for NCD Holders in Category I, Category II, Category III | 10.15% | 10.25% | 10.40% |
| Effective Yield (% per annum) for NCD Holders in | 10.64% | 10.75% | 10.91% |
| Category I, Category II, Category III & Category IV | |||
| Mode of Interest Payment | Through Various Modes available | ||
| Amount (₹ / NCD) on Maturity for NCD Holders in | ₹ 1,000 | ₹ 1,000 | ₹ 1,000 |
| Category I, Category II, Category III & Category IV | |||
| Maturity / Redemption Date (from the Deemed | 18 Months | 24 Months | 30 Months |
| Date of Allotment) | |||
| Put and Call Option | Not Applicable | ||
*The Company shall allocate and allot Series III NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.
For any queries related to the NCD, you can consult the team at Elite Wealth. Since Demat is mandatory for investing in this particular NCD, the investor must open a Demat account with a trusted broker like Elite Wealth.