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 ₹100 crores (“base issue size”) with an option to retain oversubscription up to ₹100 crores, aggregating up to ₹200 crores is being offered by way of this prospectus. The issue opens for subscription on Thursday April 03, 2025 and will close on Monday April 21, 2025. 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 April 03, 2025 | ||||
| Issue closes: | Monday April 21, 2025 | ||||
| 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” by India Rating & Research Private Limited) | ||||
| Issue Size: | Public Issue By Ugro Capital Limited Of Upto 2000000 Secured, Rated, Listed, Redeemable, Non Convertible Debentures Of Face Value Of Rs 1000 Each. Rs 100 Crore with an option to retain over-subscription up to Rs 100 Crore, aggregating to a total of Rs 200 Crore. | ||||
| 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 | IV | V* |
| Frequency of Interest Payment | Monthly | Annually | Monthly | Monthly | Monthly |
| Minimum Application | ₹ 10,000 (10 NCDs) across all Series | ||||
| Face Value/ Issue Price of NCDs (₹/ NCD) |
₹1000 (1 NCD) | ||||
| In Multiples of thereafter (₹) | ₹ 1000 (1 NCD) | ||||
| Tenor | 18 Months | 18 Months | 24 Months | 30 Months | 42 Months |
| Coupon (% per annum) for NCD Holders in Category I, II, III & IV |
10.00% | 10.39% | 10.15% | 10.25% | 10.50% |
| Effective Yield (per annum) for NCD Holders in Category I, II, III & IV |
10.47% | 10.47% | 10.64% | 10.75% | 11.01% |
| Mode of Interest Payment | Through various modes available | ||||
| Amount (₹ / NCD) on Maturity for NCD Holders in Category I, II, III & IV |
₹1000 (1 NCD) | ||||
| Maturity / Redemption Date (Months from the Deemed Date of Allotment) | Date occurring on expiry of 18 (Eighteen) months from the Deemed Date of Allotment |
Date occurring on expiry of 18 (Eighteen) months from the Deemed Date of Allotment |
Date occurring on expiry of 24 (Twenty Four) months from the Deemed Date of Allotment | Date occurring on expiry of 30 (Thirty) months from the Deemed Date of Allotment |
Date occurring on expiry of 42 (Forty Two) months from the Deemed Date of Allotment |
| Put and Call Option | NA | NA | NA | NA | NA |
*The Company shall allocate and allot Series V 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.