UGRO Capital Limited raised money through a public issue of secured, rated, listed, redeemable non- convertible debentures, open from 3 Apr 2025 to 17 Apr 2025. Coupons of 10%–10.5% a year, tenors of 18 months–42 months, rated IND A+. Face value ₹1,000; minimum application ₹10,000.
UGRO Capital NCD issue: key facts
| Status | Closed |
|---|---|
| Issue opens | 3 Apr 2025 |
| Issue closes | 17 Apr 2025 |
| Listing date | 28 Apr 2025 |
| Coupon | 10%–10.5% a year |
| Tenor | 18 months–42 months |
| Interest payment | Monthly, Annual |
| Credit rating | IND A+/Stable by India Ratings and Research Private Limited |
| Instrument | Secured, Rated, Listed, Redeemable Non- Convertible Debentures |
| Base issue size | ₹100 crore |
| Total with green shoe | ₹200 crore |
| Face value | ₹1,000 |
| Minimum application | 10 (Ten) NCDs (Rs. 10,000) and in multiple of 1 NCD (Rs.1000) thereafter |
| Lead managers | Tipsons Consultancy Services Private Limited |
| Registrar | MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited) |
| Listing on | NSE |
| Symbol | UGROD6 |
Series, coupons and tenors
- S1- 10.00%, Tenor 18 months, Monthly
- S2- 10.39%, Tenor 18 months, Annually
- S3- 10.15%, Tenor 24 months, Monthly
- S4- 10.25%, Tenor 30 months, Monthly
- S5- 10.50%, Tenor 42 months, Monthly
As listed by NSE. "Category" refers to the investor categories in the prospectus (individuals usually fall in Categories III and IV). Cumulative series pay the amount shown at maturity instead of periodic interest.
About UGRO Capital as a bond issuer
Before applying, see Ugro Capital Limited: every outstanding bond and NCD with its coupon and maturity, the rating history and the company's private placements.
Other public issues by UGRO Capital: Oct 2024 (10.15%–10.4%) · Feb 2024 (10.25%–11%)
Documents and how to apply
- Prospectus NSE, zip file
- NSE public issues
While the issue is open, apply through your bank's net banking (ASBA) or your broker's app with UPI. The NCDs are credited to your demat account and listed on the exchange after allotment.
Questions and answers
What is the interest rate on UGRO Capital NCDs?
The coupon is 10%–10.5% a year, depending on the series and investor category, for tenors of 18 months–42 months. The series list on this page gives the coupon, tenor and payment frequency of each option.
When does the UGRO Capital NCD issue open and close?
The issue was open from 3 Apr 2025 to 17 Apr 2025, unless closed early or extended.
What is the minimum investment in the UGRO Capital NCD issue?
10 (Ten) NCDs (Rs. 10,000) and in multiple of 1 NCD (Rs.1000) thereafter.
What is the credit rating of UGRO Capital NCDs?
Rated IND A+/Stable by India Ratings and Research Private Limited at the time of the issue. Ratings can change; check the rating agency's latest press release.
Are UGRO Capital NCDs secured?
The issue is described as: Secured, Rated, Listed, Redeemable Non- Convertible Debentures. The prospectus gives the security, the asset cover and the debenture trustee.
Other NCD issues
| Issuer | Opened | Coupon | Tenor | Rating | Issue size |
|---|---|---|---|---|---|
| Muthoot Fincorp | 23 Oct 2026 | 8.56%–9.25% | 2 years–6 years | Rated by Crisil, Brickwork | ₹500 crore |
| SMC Global Securities | 5 Oct 2026 | 9.5%–10% | 2 years–5 years | ICRA A | ₹150 crore |
| Nashik Municipal Corporation | 25 Feb 2026 | 8.05% | 3 years–10 years | IND AA+, CRISIL AA+ | ₹200 crore |
| IIFL Finance | 17 Feb 2026 | — | — | — | — |
| Power Finance Corporation | 16 Jan 2026 | 6.85%–7.3% | 5 years–15 years | CRISIL AAA, CARE AAA, ICRA AAA | ₹5,000 crore |
| SMC Global Securities | 16 Oct 2025 | 9.75%–10.25% | 2 years–5 years | ICRA A | ₹150 crore |
| Surat Municipal Corporation | 6 Oct 2025 | 8% | 4 years–5 years | IND AA+, CRISIL AA+ | ₹200 crore |
| Sammaan Capital | 15 Jul 2025 | 8.42%–9.95% | 2 years–10 years | CRISIL AA, ICRA AA | ₹2,000 crore |
Updated 5 Nov 2026, 10:41 pm from the NSE and BSE public issue pages. Methodology and sources
This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.
