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Ugro Capital Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) subscription to start on September 5, 2022. Ugro Capital will offer 11.01% interest rates on the NCDs. Ugro Capital NCD has a rating of ACUITE A+ by Acuite Ratings and Research Limited and CRISIL A- by CRISIL Ratings Limited. The NCDs tenure is for 18, 27 and 36 Months Months. Check out Ugro Capital NCD 2022 details here.
UGRO Capital Limited is doing lending business in India focusing on MSMEs. The company is listed in BSE and they are a technology-focused, small business lending platform, focusing on providing customized loan solutions. They solve the problems of SMEs with a data-centric, technology-enabled approach. They provide business loans to Healthcare, Education, Chemicals, Electrical equipment and components, Auto components, Light engineering, Hospitality, Food Processing & FMCG, and Insurance Solutions. They associated with SBM Bank India to launch industry-first MSME Business Owners Only credit card powered by RuPay, along with EnKash. GeM Sahay on the other hand is app that has been launched to address the credit access challenges faced by MSMEs (On-tap MSME Financing via GeM Sahay).
Ugro Capital NCD September 2022 Issue Details
| NCD Issue Open | September 5, 2022 |
| NCD Issue Close | September 2, 2022 |
| NCD Issue Size | Base: 50 Cr. | Shelf: 50 Cr. |
| Price Band | ₹1000 per NCD |
| Interest Rate | Up to 11.01% ** (Annually) |
| Minimum Investment | 10 Bonds (₹1,000) |
| Listing on | BSE and NSE Platform |
| Credit Rating | ACUITE A+ and CRISIL A- |
| Tenor | 18, 27 and 36 Months |
| Basis of Allotment | First Come First Serve Basis |
Ugro Capital NCD September 2022 Promoters
- Mr. Thomas John Muthoot
- Poshika Advisory Services LLP
- Mr. Thomas Muthoot
How to Apply Ugro Capital NCD September 2022 Issue?
You can apply from your existing Demat account online and offline. You can apply by downloading the form from the official website and filling up all the details with the cheque for the said amount. You can submit it to the collection centers.
Ugro Capital NCD September 2022 Tenure & Interest Rates
| Opt | Tenure | Payment | Coupon | Eff. Yield |
| I | 18 Month | Quar. | 10.15% | 10.52% |
| II | 27 Month | Quar. | 10.35% | 10.74% |
| III | 36 Month | Month | 10.50% | 11.01% |
Ugro Capital NCD September 2022 Lead Manager
- Sundae Capital Advisors
- Tipsons Consultancy Services Private Limited
Ugro Capital NCD September 2022 Allotment Status
- Ugro Capital NCD issue allotment available on Linkintime
Ugro Capital NCD September 2022 Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
Company Information
Ugro Capital Limited
4th Floor, Tower 3,
Equinox Business Park, Off BKC,
LBS Road, Kurla (West), Mumbai – 400 070
Phone: +91 22 4891 8686
Email: [email protected]
Website: https://www.ugrocapital.com/
Ugro Capital NCD September 2022 FAQs:
When is Ugro Capital NCD Open?
Ugro Capital NCD is to open on September 5 and close on September 22, 2022.
What is Ugro Capital NCD Price?
The company has fixed the price at ₹1000 per NCD.
What is Ugro Capital NCD Issue Size?
The NCD issue size is ₹50 crores.
On Which platform the Ugro Capital NCD will list?
Ugro Capital NCD will list on BSE and NSE Platforms.
How to apply for Ugro Capital NCD?
You can apply from your existing Demat account online and offline.
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– Source : IPOWATCH
