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UGRO CAPITAL LIMITED PUBLIC ISSUE OF SECURED, RATED, LISTED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES (SECURED NCDS) OPENS TODAY

Newsmantra — Thu, 03 Apr 2025 11:03:40 +0000

EFFECTIVE ANNUALIZED YIELD UP TO 11.01% PER ANNUM*

Secured NCDs of face value (“Face Value”) of Rs. 1,000 each.
The Issue is for an amount of ₹ 10,000 lakh (“Base Issue Size”) with an option to retain oversubscription up to ₹ 10,000 lakh (“Green Shoe Option”) aggregating up to ₹ 20,000 lakh.
Rated as “IND A+/Stable” by India Ratings and Research Private Limited.
Effective annualized yield up to 11.01% p.a*.
The Issue opens on Thursday, April 3, 2025 and closes on Monday, April 21, 2025 with an option of early closure subject to compliance with Regulation 33A of the SEBI NCS Regulations**.
The NCDs are proposed to be listed on BSE and NSE (collectively, “Stock Exchanges”). Allotments, in consultation with the National Stock Exchange of India Limited (the “Designated Stock Exchange”), shall be made on the basis of the date of upload of the application on the electronic book of the Stock Exchanges in accordance with the SEBI Master Circular. However, on the date of oversubscription and thereafter, the allotment shall be made to the applicants on a proportionate basis.***

Hyderabad, April 3, 2025: UGRO Capital Limited, an NBFC focused on MSME lending, today announced the issue of secured, rated, listed, redeemable, non-convertible debentures of the face value of ₹ 1,000 each. The Issue has a base issue size of ₹ 10,000 lakhs with an option to retain oversubscription up to ₹ 10,000 lakh, aggregating up to ₹ 20,000 lakh. The Issue opens on Thursday, April 3, 2025 and closes on Monday, April 21, 2025 with an option of early closure subject to compliance with Regulation 33A of the SEBI NCS Regulations.

The NCDs are proposed to be listed on the Stock Exchanges and NSE is the Designated Stock Exchange for the Issue. The NCDs have been rated “IND A+/Stable” by India Ratings and Research Private Limited. Securities with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations.

Tipsons Consultancy Services Private Limited is the sole lead manager to the issue and MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited) is the Registrar to the Issue and MITCON Credentia Trusteeship Services Limited is the debenture trustee to the Issue.

This issue has tenor of 18 months, 24 months, 30 months, and 42 months for secured NCDs. Effective yield (% per annum) for NCD holders in all Categories ranges from 10.47% to 11.01%. Redemption Amount (₹ / NCD) on maturity for NCD holders in all Categories range is ₹ 1000.

At least 75% of the Net proceeds of the Issue shall be utilized for the purpose of onward lending and financing business of the company in ordinary course of business (including for repayment / refinance of existing debts of the Company) and Not exceeding 25% shall be used for general corporate purposes.
As on December 31, 2024 UGRO Capital’s CRAR, in accordance with the Limited Reviewed Financial Results was at 21.52%. Its AUM has grown from ₹2,96,890.60 lakh as of March 31, 2022, to ₹9,04,705.74 lakh as of March 31, 2024. As of December 31, 2024, the Company was operating from 23 prime branches and 201 Emerging Market branches with an AUM of ₹ 11,06,656.73 lakh and catering more than 1,35,000 lakh customers. Across the offered products, as on December 31, 2024, the average ticket size stood at ₹ 11.37 lakh and the portfolio yield stood at 16.65%.

The specified terms of the NCDs Issue are set out below:

Series	I	II	III	IV	V*
Frequency of Interest Payment	Monthly	Annually	Monthly	Monthly	Monthly
Minimum Application	₹ 10,000 (10 NCDs) across all Series
Face Value/ Issue Price of NCDs (₹/ NCD)	₹1000 (1 NCD)
In Multiples of thereafter (₹)	₹ 1000 (1 NCD)
Tenor	18 Months	18 Months	24 Months	30 Months	42 Months
Coupon (% per annum) for NCD Holders in Category I, II, III & IV	10.00%	10.39%	10.15%	10.25%	10.50%
Effective Yield (per annum) for NCD Holders in Category I, II, III & IV	10.47%	10.47%	10.64%	10.75%	11.01%
Mode of Interest Payment	Through various modes available
Amount (₹ / NCD) on Maturity for NCD Holders in Category I, II, III & IV	₹1000 (1 NCD)
Maturity / Redemption Date (Months from the Deemed Date of Allotment)	Date occurring on expiry of 18 (Eighteen) months from the Deemed Date of Allotment	Date occurring on expiry of 18 (Eighteen) months from the Deemed Date of Allotment	Date occurring on expiry of 24 (Twenty Four) months from the Deemed Date of Allotment	Date occurring on expiry of 30 (Thirty) months from the Deemed Date of Allotment	Date occurring on expiry of 42 (Forty Two) months from the Deemed Date of Allotment
Put and Call Option	NA	NA	NA	NA	NA

* Our Company shall allocate and allot Series V NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.

The post UGRO CAPITAL LIMITED PUBLIC ISSUE OF SECURED, RATED, LISTED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES (SECURED NCDS) OPENS TODAY appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

UGRO CAPITAL CROSSES INR 10,000 CRORE AUM MILESTONE, LAUNCHES 10K CELEBRATION RUN AND UNVEILS THE UGRO ANTHEM

Newsmantra — Thu, 03 Oct 2024 05:33:44 +0000

AI-Powered Motivational Track Celebrating the Journey and Inspiring Employees to Celebrate the Milestone & Reach New Heights

Mumbai, 03 October 2024: UGRO Capital Limited, a leading DataTech NBFC focused on MSME lending, proudly announces that it has crossed the significant milestone of INR 10,000 crore in Assets Under Management (AUM), a feat that underscores its commitment to empowering MSMEs and highlights the collective efforts of its 3,500 employees. From only about INR 1,700 Cr AUM after the COVID-19 pandemic in 2022, this feat has been achieved in record time. Achieving this milestone, UGRO Capital continues its journey toward becoming India’s largest small business financing institution, supported by its partners, stakeholders, and employees.

Founded with the mission of empowering MSMEs through efficient credit deployment, UGRO Capital has already provided financial support to over 1 Lakh MSMEs across India. To commemorate this achievement, UGRO Capital has launched the UGRO 10K Celebration Run, a virtual marathon campaign aimed at promoting the health and well-being of its employees. The Company recognizes the importance of balancing professional success with personal health, as it gears up for the next phase of its journey. The Company has also unveiled the UGRO Anthem, a motivational track created by the employees for the employees. This anthem, which was crafted entirely in-house using the power of AI, reflects the company’s spirit, culture, and its shared vision for the future. The anthem serves as a rallying cry for UGRO’s employees, pushing them to aim higher and reminding them that together, they can overcome any challenge.

The UGRO Anthem is a unique blend of creativity and technology, symbolizing the company’s forward-thinking approach. This powerful track is more than just a song; it’s a celebration of the journey so far and a motivational call to action for the road ahead. Employees from various departments contributed their ideas and lyrics, showcasing their collective talent and uniting under a shared purpose. The anthem has already gained momentum internally, and it will soon be shared publicly to inspire a wider audience.

Click here for UGRO Anthem Video: https://shorturl.at/OFgfJ

The Grand 10 KM Virtual Marathon, taking place on 27th October 2024, will see UGRO’s employees across the country unite on a health app to run together in celebration. In the lead-up to the marathon, UGRO has organized a series of 3 KM, 4 KM, and 5 KM virtual runs, fostering team spirit through healthy competition, tips, and encouragement. With this initiative, UGRO aims to collectively cover over 10,000 kilometers, symbolizing its commitment to continued growth and well-being. The campaign will continue through Diwali, with participants rewarded with running and health gear and goodies.

Commenting on this significant achievement, Mr. Shachindra Nath, Founder and Managing Director of UGRO Capital, said, “We conceived the idea of UGRO Capital as India’s first listed startup in 2018. Over the last 6 years, we lost 3 Years in the IL&FS led credit crisis and the COVID-19 pandemic. However, our teams kept faith in UGRO’s vision to solve the problem of credit for small businesses of India. Crossing the INR 10,000 crore AUM mark in about 3 Years is a truly momentous achievement for UGRO Capital. This accomplishment reflects the relentless efforts of our employees and the unwavering support of our partners, MSMEs, and more than 60+ lenders, co-lending partners and global development financial institutions. We are blessed that we have support of patient investors, public shareholders and our Board. As we continue on our path to becoming India’s largest small business financing institution, we also want to focus on the well-being of our team. The UGRO 10K Celebration Run is our way of reinforcing the importance of a healthy work-life balance and encouraging our employees to prioritize their health as we set our sights on the next milestone.”

UGRO Capital’s 10K Celebration Run and the UGRO Anthem represent the Company’s dedication to growth, unity, and health. These initiatives symbolize UGRO’s focus on creating a thriving workplace where employees feel motivated, valued, and inspired as they contribute to India’s MSME sector and continue their journey toward becoming the nation’s largest small business financing institution.

Have attached the YouTube (live and WeTransfer) link and creative for your quick reference.

The post UGRO CAPITAL CROSSES INR 10,000 CRORE AUM MILESTONE, LAUNCHES 10K CELEBRATION RUN AND UNVEILS THE UGRO ANTHEM appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.