Ugro Capital NCD April 2022 Date, Rating & Interest Rates

Table of Contents

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 has a rating of ACUITE A+ by Acuite Ratings and Research Limited. Ugro Capital Secured, Redeemable, Non-Convertible Debentures (Secured NCDs) subscription to start on 07 April 2022. Ugro Capital will offer 10.90% interest rates on the NCDs. The NCDs tenure is for 18, 27 and 36 Months.
Ugro Capital

Ugro Capital NCD April 2022 Issue Details

 NCD Issue Open 07 April 2022
 NCD Issue Close 06 May 2022
 NCD Issue Size Base: 50 Cr. | Shelf: 50 Cr.
 Price Band ₹1000 per NCD
 Interest Rate Up to  10.90% ** (Annually)
 Minimum Investment 10 Bonds (₹1,000)
 Listing on
 BSE & NSE Platform

Ugro Capital NCD April 2022 Rating

  • Credit Rating: ACUITE A+ by Acuite Ratings and Research Limited.

Ugro Capital NCD April 2022 Listing

  • NCD Bonds to list on BSE & NSE platforms.

Ugro Capital NCD April 2022 Promoters

  • Poshika Advisory Services LLP

How to Apply Ugro Capital NCD April 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 said amount. You can submit it to the collection centers.

Ugro Capital NCD April 2022 Tenure & Interest Rates

OptTenurePaymentCouponEff. Yield
I18 MonthQuarter10.00%10.37%
II27 MonthMonth10.15%10.62%
III36 MonthMonth10.40%10.90%

Ugro Capital NCD April 2022 Lead Manager

  • Sundae Capital Advisors
  • Tipsons Consultancy Services Private Limited
  • Trust Investment Advisors Private Limited

Ugro Capital NCD April 2022 Allotment Status

  • Ugro Capital NCD issue allotment available on Linkintime

Ugro Capital NCD April 2022 Registrar

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270

Company Information

Ugro Capital Limited
4th Floor, Tower 3, Equinox Business Park,
Off BKC, LBS Road, Kurla (West),
Mumbai – 400 070, Maharashtra, India
Phone: +91 22 4891 8686

Ugro Capital NCD April 2022 FAQs:

When is Ugro Capital NCD Open?

Ugro Capital NCD is to open on April 07 and close on May 06, 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 & NSE Platforms.

How to apply for Ugro Capital NCD?

You can apply from your existing Demat account online and offline.

Follow IPO Watch for the latest IPO news and their reviews, also keep following us on TwitterFacebook, and Instagram. For our latest videos, subscribe to our YouTube channel.

Share the Post:

Leave a Reply

Your email address will not be published. Required fields are marked *