U GRO Capital Limited NCD Issue Analysis @ Chanakyanipothi.com , India`s Oldest & most Trusted Investment Blog.Operational since 8th December 1999, We are the Only Investment Platform in India, which has successfully completed 22 YearsU Gro Capital NCD Issue

    U GRO Capital Limited Company Details
    U Gro Capital is a non-deposit taking systemically important NBFC registered with the RBI and the equity shares of its Company are listed on NSE and BSE. Its 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, our 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.

    Post change in management and control of the Company, we shifted our focus on lending business. It identified core sectors of MSMEs in India coupled with a data-centric, technology-enabled approach for business growth.
    It shortlisted 8 sectors after careful filtration of 180+ sectors in an 18-month process involving extensive study by market experts of macro and microeconomic parameters. Its eight shortlisted sectors include Healthcare, Education, Chemicals, Food Processing/FMCG, Hospitality, Electrical Equipment and Components, Auto Components and Light Engineering. The company added a ninth sector – Micro Enterprises, to its list of sectors in FY2020-21.
    For more information, click https://www.ugrocapital.com/

    Promoters of U GRO Capital
    Poshika Advisory Services LLP

    Objects of the NCD Issue
    The Net Proceeds raised through this Issue will be utilised For the purpose of onward lending, financing, and repayment of interest and principal of existing borrowings of the Company

    U GRO Capital NCD  2022 Details
    NCD Issue Open on Apr 7, 2022
    NCD Issue Closes on May 6, 2022
    Security Name U GRO Capital Limited
    Security Type Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)
    Issue Size (Base) Rs 500.00 Crores
    Issue Size (Shelf) Rs 500.00 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 ACUITE A+ (read as ACUITE A Plus)
    Tenor 18, 27 and 36 Months
    Series I to III

    Series 1 Series 2 Series 3
    Frequency of Interest Payment Quarterly Monthly Monthly
    Nature Secured
    Tenor 18 months 27 months 36 months
    Coupon Rate (% per Annum) for NCD Holders in Category I, II, III & IV 10.00% 10.15% 10.40%
    Effective Yield (% per Annum) for NCD Holders in Category I, II, III & IV 10.37% 10.62% 10.90%
    Amount on Maturity for NCD Holders in Category I, II, III & IV Rs 1,000 Rs 1,000 Rs 1,000

    Payment Frequency Monthly and Quarterly
    Basis of Allotment First Come First Serve Basis

    NCD Rating
    The NCDs proposed to be issued under the Issue have been rated ACUITE A+ for an amount of Rs. 20,000 lakhs by Acuite Ratings and Research Limited such ratings are considered to have a stable outlook.

    U GRO Capital NCD Financial & Analytical Ratios
    Earnings per Share 2019-20 Rs 2.95
    Earnings per Share 2020-21,Rs 4.07

    U GRO Capital NCD Lead Managers 
    Sundae Capital Advisors,Tipsons Consultancy Services Private Limited,Trust Investment Advisors Private Limited
    Registrar to U GRO Capital NCD Issue
    Link Intime India Pvt ltd.

    Registered Office of U GRO Capital Limited
    4th Floor, Tower 3, Equinox Business Park, Off BKC, LBS Road, Kurla (West),
    Mumbai – 400 070,
    Company Secretary & Compliance Officer : Aniket Karandikar,

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