U GRO Capital Limited was incorporated on February 10, 1993. It is a fast-growing organisation engaged in the lending business. It focuses on the MSMEs sector in the country. The company has identified 8 major sectors for its business that include Hospitality, Electrical Equipment & Components, Healthcare, Education, Chemicals, Food Processing/FMCG, Auto Components & Light Engineering, and Micro Enterprises. Investors are found browsing online for information on U GRO Capital Limited IPOs.
The company has a team of successful leaders engaged round the clock in business expansion. The committed service and consistent growth have increased the value of U GRO NCD IPOs. Investors may expect better returns on their investments. The data-centric and technology-enabled approach makes the company distinguish itself from others. The company has made a significant investment in technology to ease the process of loan application and help applicants enjoy a hassle-free loan experience.
U GRO Capital offers MSMEs a diverse range of product offerings that include machinery loans, short-term financing, term loans (secured and unsecured), and supply chain financing through its various FinTech and NBFC partners. The company uses its expertise and technology to make the complete process digital and secure.
U GRO Capital Limited is a stable and trusted company that has witnessed growth since its inception. The company today has enough money to pay off its unexpected financial liabilities. It has a market capital of Rs. 1127.89 crores and its share price as of 28 Dec 2022 is 157.20. The company for the quarter ended 30-09-2022 has reported Rs. 157.38 Crore as a Standalone Total Income which is up 27.12 % from its last quarter’s Rs. 123.80 Crore income and 150.99 % up from its last year same quarter total income which was Rs. 62.70 Crore. Company has reported U GRO Capital in the latest quarter has reported Rs. 5.27 Crore which is the net profit after tax.
The company focuses majorly on 8 SMEs and works to cater to their need for loans at different intervals. The U GRO Capital NCD IPO has proved a good option for a relatively safe investment for investors in retail and institutional segments.
Your choice of parking your surplus in U GRO NCD IPO can help you generate a better return on investment (ROI). The company seems to be profit-generating. As of March 31, 2021, the company has a network of over 34 branches that comprise 9 prime branches and 25 micro branches. The company apart from these branches also uses eco-system channels, partnerships & alliances, and direct digital channels to build a loan portfolio and increase its disbursement.
The IPO price also acts as the deciding factor. U GRO Capital NCD recently offered up to 10.5% interest. Investors showed an overwhelming response. The NCDs of U GRO Capital Limited (UGCL) offer fairly higher coupons compared to the fixed deposit interest rates on offers from highly rated NBFCs.
U GRO Capital Limited today is a reputed company. Investors from varied segments have been showing interest in the company’s IPOs. This issue opened on Sep 5, 2022, has also received an overwhelming response.
|Security Name||U GRO Capital Limited|
|Issue Open||Sep 5, 2022 - Sep 20, 2022|
|Security Type||Secured, Redeemable, Non-Convertible Debentures (Secured NCDs)|
|Issue Price||Rs. 1000 per NCD|
|Face Value||Rs. 1000 each NCD|
|Listing At||BSE, NSE|
|Issue Size (Base)||Rs. 50.00 Crores|
|Issue Size (Shelf)||Rs. 50.00 Crores|
|Tenor||18, 27 and 36 Months|
|Series||Series I to III|
|Minimum Lot Size||10 NCD|
|Market Lot||1 NCD|
|Payment Frequency||Monthly and quarterly|
|Basis of Allotment||First Come First Serve Basis|
|Credit Rating||ACUITE A+ by Acuite Ratings and Research Limited and CRISIL A - by CRISIL Ratings Limited|
The table above gives you brief information about the September 2022 issue. It includes face value, security type, minimum lot size, and more.
U GRO Capital provides loan solutions for companies engaged in different sectors. The popular products are business loans, education, healthcare, and other loans.
The company is not limited to specific sectors but has loan seekers from the above-listed sector SMEs. For more information, you can browse the company’s website anytime.
|Total Assets||Debt- Equity ratio||Net worth||Net profit margin|
➢ April 2022 NCDs - The per annum offered coupon rate in Series 1, Series 2, and Series 3 were 10.00%, 10.15%, and 10.40% respectively
➢ Sept 2022 NCDs - The per annum offered coupon rates in Series 1, Series 2, and Series 3 were 10.15%, 10.35, and 10.50% respectively
➢ Issue Price for both April & Sept 2022 – Rs. 1000 per NCD
➢ Face value for both April & Sept 2022 – Rs. 1000 per NCD
➢ The minimum Lot size for April & Sept 2022 is 10 NCDs
The company has witnessed growth at a fast pace. The leadership has succeeded in achieving the trust of customers and investors with its highly committed services.
A glance at the above can help you expand your knowledge about the company.
U GRO Capital has expanded its network in Gujarat with 5 new branches with the aim to support 10,000 small businesses by March 2022. Apart from Gujarat, U GRO Capital has expanded its branch presence in many other states in India. U GRO Capital NCDs are offering coupons higher than fixed deposits.
The company with its committed services and quality products has won the trust of its users. It majorly addresses small business capital needs and provides customized solutions to different types of loan needs. Buying U GRO Capital bonds may help you earn the desired ROI.
CRISIL has rated U GRO Capital A-/ Stable and Acuite has rated A+/Stable. 'A' rating refers to adequate safety, timely principal repayment, interest, and it has low credit risk.
U GRO Capital NCDs are known to offer a better return in comparison to fixed deposits. The per annum coupon rate offered to NCD Holders in the I, II, III & IV Category Series 1, Series 2, and Series 3 issued in April 2022 was 10.00%, 10.15%, and 10.40% respectively.
Investors buying U GRO Capital April 2022 NCDs had the option to choose the investment tenor from 18, 27, and 36 Months.
U GRO Capital Limited was earlier known as Chokhani Securities. It is a BSE-listed NBFC that was established in the year 1993.
NCDs in comparison to fixed deposits are more liquid and are known to offer more returns. NCDs can be traded in the secondary market after they are listed on the stock exchange.
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