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| Issue Size (Base) | Rs 50 Cr |
| Issue Size (Shelf) | Rs 50 Cr |
| Face Value | ₹10001 each NCD |
| Issue Price | ₹1000 per NCD |
| Market Lot | 1 NCD |
| Min Order Qty | 10 NCD |
| Min Order Amount | ₹10000 |
| Listing at | BSE, NSE |
| Tenor | 18, 27, and 36 months |
| Credit Rating | ACUITE A+ by Acuite Ratings and Research Limited |
| Series | Series I to III |
| Payment Frequency | Monthly and Quarterly |
| Basis of Allotment | First Come First Serve Basis |
| Ugro Capital Financials (₹ in Cr) | 31-Mar-2021 | 31-Mar-2020 | 31-Mar-2019 |
|---|---|---|---|
| Total Assets | ₹1,750.89 | ₹1,212.46 | ₹868.48 |
| Total Income | ₹153.33 | ₹105.14 | ₹43.94 |
| Net Profit/Loss | ₹28.73 | ₹19.52 | ₹3.95 |
Poshika Advisory Services LLP is the Promoter of the company.
The company aims to raise funds from the NCD towards the following purposes;
| # | Issue Objects |
|---|---|
| 1 | For the purpose of onward lending, financing, and repayment of interest and principal of existing borrowings. |
| 2 | Meet general corporate purposes. |
| Tenure | 18 months | 27 months | 36 months |
| Options | I | II | III |
|---|---|---|---|
| Coupon Rate % Per Annum | 10.00% | 10.15% | 10.40% |
| Effective Yield (% per annum) | 10.37% | 10.62% | 10.90% |
| Amount on Maturity | ₹1,000 | ₹1,000 | ₹1,000 |
Acuite Ratings & Research Ltd has rated the NCD worth Rs. 200 Cr as Acuite A+. This rating signifies adequate degree of safety regarding timely servicing of financial obligations and carry low credit risk.
Ugro Capital is a non-deposit taking NBFC that provide access to finance to underserved MSME sector. The company is engaged in the lending business to eight key sectors including healthcare, education, chemicals, food processing/FMCG, hospitality, electrical equipment and components, auto components, and light engineering. Its business model works on digital lending activities to enable faster application based disbursal at less operating costs.
It caters to the diverse requirements of MSMEs such as term loan, supply chain financing, machinery loan, short-term financing. As on December 31, 2021, it has a branch network of 14 prime branches and 68 micro branches with a total loan portfolio worth Rs. 2,589 Cr with 16,594 customers.
