The UGRO Capital Limited Issue Open has been confirmed from February 8, 2024 – February 21, 2024.
UGRO Capital Limited Developers IPO which has a customer turnover of ₹1 crore to ₹15 crore. UGRO Capital Limited is a systemically important NBFC that does not take deposits and is registered with the RBI. The organization is a lender that focuses on India’s MSME sector. The organization offers loans to SMEs and MSMEs in the healthcare, education, chemicals, food processing/FMCG, hospitality, electrical appliances and components, automobile accessories and light engineering, and micro-enterprise sectors.
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Bidding Dates
Feb 8-21
Issue Price
Rs 1000 per NCD
Face Value
Rs 1000 each NCD
Market Lot
1 NCD
UGRO Capital Limited NCD
The UGRO Capital Limited NCD Face Value is Rs 1000 each NCD.
IPO Overview
UGRO Capital Limited is a systemically important NBFC that does not take deposits and is registered with the RBI. The organization is a lender that focuses on India’s MSME sector. The organization offers loans to SMEs and MSMEs in the healthcare, education, chemicals, food processing/FMCG, hospitality, electrical appliances and components, automobile accessories and light engineering, and micro-enterprise sectors.
The company’s service list includes:
- Prime Secured Loans;
- Prime Unsecured Loans;
- Micro Enterprise Loans;
- Machinery Loans;
- Supply Chain Finance;
- Partnership and Alliances
UGRO Capital Limited NCD Detail
| Issue Open | February 8, 2024 – February 21, 2024 |
| Security Name | UGRO Capital Limited |
| Security Type | Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) |
| Issue Size (Base) | Rs 100.00 Crores |
| Issue Size (Oversubscription) | Rs 100.00 Crores |
| Overall Issue Size | Rs 200.00 Crores |
| Issue Price | Rs 1000 per NCD |
| Face Value | Rs 1000 each NCD |
| Minimum Lot size | 10 NCD |
| Market Lot | 1 NCD |
| Listing At | BSE, NSE |
| Credit Rating | IND A/Stable by India Ratings & Research Private Limited |
| Tenor | 18, 24 and 27 months |
| Series | Series I to V |
| Payment Frequency | Monthly, Quarterly and Annually |
| Basis of Allotment | First Come First Serve Basis |
| Debenture Trustee/s | Mitcon Credentia Trusteeship Services Limited |
UGRO Capital Limited Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 5,330.69 | 4,305.59 | 2,854.23 | 1,750.89 |
| Revenue | 471.98 | 683.76 | 313.42 | 153.34 |
| Profit After Tax | 54.13 | 39.78 | 14.55 | 28.73 |
| Net Worth | 1,404.92 | 984.04 | 966.56 | 952.44 |
| Total Borrowing | 3,148.93 | 1,801.84 | 765.69 | |
| Amount in ₹ Crore | ||||
UGRO Capital Limited Limited NCD Coupon Rates
| # | Series 1 | Series 2 | Series 3 | Series 4 | Series 5 |
|---|---|---|---|---|---|
| Frequency of Interest Payment | Monthly | Annual | Quarterly | Monthly | Annual |
| Nature | Secured | Secured | Secured | Secured | Secured |
| Tenor | 18 Months | 18 Months | 24 Months | 27 Months | 27 Months |
| Coupon (% per Annum) | 10.25% | 10.75% | 10.35% | 10.50% | 11.00% |
| Effective Yield (% per Annum) | 10.72% | 10.82% | 10.74% | 11.01% | 11.03% |
| Amount on Maturity (In Rs.) | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 | Rs 1,000.00 |
UGRO Capital Limited Limited NCD Allocation Ratio
Company Profile
Objects of the Issue
The following table details the objects of the Issue and the amount proposed to be financed from the Net Proceeds:
- For onward lending and financing business of the Company in the ordinary course of business (including for repayment / refinance of existing debts of the Company).
- General corporate purposes.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | ugrocapital.ncd2023@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | UGRO Capital Limited |
| Phone number | +91 22 4182 1600 |
| Email ID | cs@ugrocapital.com |
| Website | ugrocapital.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
