Let’s have a detailed review of the company and analytics of the Ugro Capital NCD release date, NCD issue size, subscription, Ugro Capital NCD allotment, and other details like the company’s background, its financial positions, its promoters, and other related things.

Ugro Capital NCD – November 2021 Detail

Credit RatingAcuite Ratings and Research Limited
Issue OpenNov 8, 2021
Issue CloseNov 22, 2021
Issue Size (Base)Rs.5,000 Lakh
Issue Size (Shelf)Rs.5,000 Lakh
Issue PriceRs 1000 per NCD
Face ValueRs 1000 each NCD
Minimum Lot size10 NCD
Market Lot1 NCD
Listing AtBSE, NSE
Tenor9 and 27 Months
Series
Payment FrequencyMonthly
Basis of AllotmentFirst Come First Serve Basis

Ugro Capital NCD – Basis of the Offer Price

ISSUE STRUCTURE
Security NameUgro Capital
Security TypeSecured NCDs
Coupon payment frequencyMonthly
Coupon type
Tenor27 Months
DepositoryNSDL and CDSL
DisbursementSEBI Debt Regulations
Debenture TrusteeIDBI Trusteeship Services Limited

Ugro Capital/ Ugro Capital NCD Dates

The opening and the closing date of Ugro Capital NCD is Nov 8, 2021, to Nov 22, 2021, respectively.


Ugro Capital NCD / Ugro Capital NCD Subscription

Day / DateQIB Category 1NII Category 2HNI Category 3RII Category 4Total Subscription
1st – 10th Day: 8 Nov to 17th Nov
10th – 20th Day: 18th to 22nd Nov
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.


Ugro Capital NCD Allotment Status

Here, you can find the Allotment Status of Ugro Capital NCD.


Ugro Capital NCD Share Offering

Issue of 5,00,000 Equity Shares of the face value of Rs.1000/- each for cash for Rs. [ ] per Equity Share (including a share premium of Rs. [ ] per Equity Share) aggregating Rs. 5000 lakhs.

Ugro Capital NCD Allocation Ratio

NCD Allocation Ratio
CategoryNCD’s Allocated
QIB – Category 140%
NII – Category 240%
HNI – Category 310%
RII – Category 410%

Ugro Capital NCD /Ugro Capital NCD Offered

NCD’s Offered
CategoryNCD’s Reserved
QIB – Category 1
NII – Category 2
HNI – Category 3
RII – Category 4
Total NCD’s

Ugro Capital NCD Coupon Rates

Series27 Months
NatureSecured NCDs
Frequency of
Interest
Payment
Monthly
Minimum
Application
Rs. 10,000/- (10 NCDs) across all series
Face ValueRs. 1,000/-
In Multiples
of thereafter
(In Rs.)
Rs. 1,000/- (1 NCD)
Tenor27 Months
Coupon (%
per annum) All Category
10.03% per annum
Effective Yield
(per annum) All Category,
10.50%
Mode of
Interest
Payment
Through various modes available
Amount (Rs. /
NCD) All Category
Rs. 1000/-
Maturity /
Redemption
Date
27
Put Option
Call Option
N.A.

Ugro Capital NCD Issue Object

The objects of the issue are:

  1. For the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company; and
  2. General corporate purposes.

Ugro Capital – Company Overview

Ugro Capital NCDTheir Company is a non-deposit taking systemically important NBFC registered with the RBI and the equity shares of their Company are listed on NSE and BSE. Their 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, their 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.

Their Company has set up its lending business primarily driven by an analytics-driven digital lending platform, which enables the delivery of customized offerings to loan applicants.


Ugro Capital NCD Lead Managers

Lead Managers
Sundae Capital Advisors Private Limited
941, Level 9, Platina, Plot No. C – 59
‘G’ Block, Bandra Kurla Complex
Bandra (East), Mumbai – 400 051
Telephone: +91 22 6700 0639
E-mail Id: ugroncd.2021@sundaecapital.com
Investor grievance e-mail Id:
grievance.mb@sundaecapital.com
Contact person: Ashi Sood / Ridima Gulati
Website: www.sundaecapital.com
SEBI registration number: INM000012494

Ugro NCD Debenture Trustee

Debenture Trustee
IDBI Trusteeship Services Limited
Asian Building, Ground Floor, 17, R. Kamani Marg,
Ballard Estate, Mumbai – 400 001
Telephone: +91 22 4080 7000
Email Id: itsl@idbitrustee.com /
kavita@idbitrustee.com / nikhil@idbitrustee.com
Investor grievance e-mail Id: itsl@idbitrustee.com /
kavita@idbitrustee.com / response@idbitrustee.com
Contact person: Kavita Hindalekar
Website: www.idbitrustee.com
SEBI registration number: IND000000460

Ugro NCD Registrar to offer

Registrar to the Offer
Link Intime India Private Limited
C 101, 247 Park B S Marg
Vikhroli West, Mumbai – 400 083
Telephone: +91 22 4918 6200
Email Id: ugrocapital.ncd@linkintime.co.in
Contact person: Shanti Gopalkrishnan
Website: www.linkintime.co.in
SEBI registration number: INR000004058

Ugro Capital NCD Ratings

The NCDs proposed to be issued under the Issue have been rated “ACUITE A (read as ACUITE A) (Outlook: Positive)” for a number of Rs 5,000 lakhs by Acuite Ratings and Research Limited vide their rating letter dated October 11, 2021. Rating is not a recommendation to buy, sell or hold securities and investors should take their own decision.

The rating may be subject to revision or withdrawal at any time by the assigning rating agency and each rating should be evaluated independently of any other rating. The rating agency has a right to suspend or withdraw the rating at any time on the basis of factors such as new information. Please refer to Annexure-II of this Draft Prospectus for the rationale of the above rating.


Ugro NCD News

News 1 – Download RHP Prospectus


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