UGRO Capital Limited NCD (UGRO Capital NCD October 2024) Detail

October 10, 2024 - October 23, 2024

Incorporated in 1993, UGRO Capital Limited is a non-deposit-taking, systemically important NBFC firm registered with the RBI. The company is engaged in the lending business and focuses on the MSME sector in India.

The company provides loans to SMEs and MSMEs focusing on the healthcare, education, chemicals, food processing/FMCG, hospitality, electrical appliances and components, automotive accessories and light engineering segments, and micro-enterprises segments.

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 has divided its customers into two branches: the prime branch and the Micro branch. As of June 30, 2024, the network of 164 branches is segregated into two verticals: prime branches, located in metro, tier 1, and tier 2 cities with customer turnovers ranging from ?1 crore to ?15 crores, and Micro branches, based in tier 3 to tier 6 cities with customer turnovers of less than Rs 1 crore. This structure ensures the Company's presence in PAN India.

The company's total income increased from Rs 31,341.59 lakh in 2022 to Rs 68,376.28 lakh in 2023, and further to Rs 1,08,168.12 lakh in 2024.

As of June 30, 2024, the company has partnered with 15 co-lending partners, 55+ lenders, 45+ fintechs, 65+ anchors, 70+ OEMs, and 650+ GRO partners to offer data-backed customized finance solutions to over 83,000 MSMEs across India.

UGRO Capital NCD October 2024 Detail

Issue Open	October 10, 2024 - October 23, 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 30 months
Series	Series I to III
Payment Frequency	Monthly
Basis of Allotment	First Come First Serve Basis
Debenture Trustee/s	Mitcon Credentia Trusteeship Services Limited

NCD Allocation Ratio

Category	NCD's Allocated
Institutional	25%
Non-Institutional	25%
HNI	25%
Retail	25%

UGRO Capital Limited NCD Coupon Rates

#	Series 1	Series 2	Series 3
Frequency of Interest Payment	Monthly	Monthly	Monthly
Nature	Secured	Secured	Secured
Tenor	18 Months	24 Months	30 Months
Coupon (% per Annum)	10.15%	10.25%	10.4%
Effective Yield (% per Annum)	10.64%	10.75%	10.91%
Amount on Maturity (In Rs.)	Rs 1,000	Rs 1,000	Rs 1,000

NCD Rating

The NCDs proposed to be issued under the Issue have been rated "IND A+/Stable" for an amount of Rs 20,000 lakh by India Ratings & Research Private Limited.

Company Promoters

The Promoter of the company is Poshika Advisory Services LLP

Company Financials

UGRO Capital Limited Financial Information (Restated)

UGRO Capital Limited's revenue increased by 58% and profit after tax (PAT) rose by 200% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	6,279.98	4,305.59	2,854.23
Revenue	1,081.68	683.76	313.42
Profit After Tax	119.34	39.78	14.55
Net Worth	1,438.36	984.04	966.56
Total Borrowing	4,653.25	3,148.93	1,801.84
Amount in ₹ Crore

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.

UGRO Capital NCD October 2024 Prospectus

› Draft Prospectus
› Red Herring Prospectus

UGRO Capital NCD October 2024 Subscription Status

The UGRO Capital NCD October 2024 was subscribed 1.86 times on October 15, 2024 5:00:00 PM. The NCD subscribed 0.90 times in Retail, 1.40 times in HNI, 0.56 times in Non-Institutional, and 4.60 times in the Institutional category.

Category ?	Subscription (times)
Retail	0.90x
HNI	1.40x
Non-Institutional	0.56x
Institutional	4.60x
Total	1.86x

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Company Contact Information

UGRO Capital Limited
Equinox Business Park, Tower 3,
Fourth Floor, Off BKC,
LBS Road, Kurla,Mumbai - 400070

Phone: +91 22 4182 1600
Email: cs@ugrocapital.com
Website: http://www.ugrocapital.com/

UGRO Capital NCD October 2024 Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: ugrocapital.ncd2024@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

UGRO Capital NCD October 2024 Lead Manager(s)

Tipsons Consultancy Services Private Limited

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1 Comments

1. Satya Prakash

| Link|October 10, 2024 11:09:56 AMReply

Secured NCD mein agar company fault Ho jaati hai to investor ko Paisa kitne dinon ke andar milta hai ya milta hai ki nahin. aur vah Paisa Kaun deta hai kripya bataiye.