U Gro Capital Limited raised money through a public issue of secured redeemable non-convertible debentures (ncd), open from 5 Sep 2022 to 20 Sep 2022. Coupons of 10.15%–10.52% a year, rated ACUITE A+, ACUITE A, CRISIL A-, CRISIL A. Face value ₹1,000; minimum application ₹10,000.
U Gro Capital NCD issue: key facts
| Status | Closed |
|---|---|
| Issue opens | 5 Sep 2022 |
| Issue closes | 20 Sep 2022 |
| Coupon | 10.15%–10.52% a year |
| Interest payment | Quarterly |
| Credit rating | ACUITE A+ (read as ACUITE A Plus) rating with Stable Outlook by Acuite Ratings & Research Limited CRISIL A- (read as CRISIL A minus) rating with Stable Outlook by CRISIL Ratings Limited |
| Instrument | Secured Redeemable Non-Convertible Debentures (NCD) |
| Base issue size | ₹50 crore |
| Total with green shoe | ₹100 crore |
| Face value | ₹1,000 |
| Minimum application | 10 (Ten) NCDs (Rs. 10,000) and in multiple of 1 NCD (Rs.1000) thereafter |
| Lead managers | Sundae Capital Advisors Private Limited and Tipsons Consultancy Services Private Limited |
| Registrar | Link Intime India Private Ltd |
| Listing on | NSE |
| Symbol | UGROD3 |
Series, coupons and tenors
- S1: 10.15% per annum with coupon payment Quarterly (equivalent to 10.52% XIRR), Tenor - 18 (Eighteen) months
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 U Gro Capital as a bond issuer
Check the issuer's financial statements and existing borrowings in the prospectus, and the rating agency's rationale for the rating.
Other public issues by U Gro Capital: Apr 2022 (10%–10.9%) · Nov 2021 (10.03%)
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 U Gro Capital NCDs?
The coupon is 10.15%–10.52% a year, depending on the series and investor category, for tenors of —. The series list on this page gives the coupon, tenor and payment frequency of each option.
When does the U Gro Capital NCD issue open and close?
The issue was open from 5 Sep 2022 to 20 Sep 2022, unless closed early or extended.
What is the minimum investment in the U Gro Capital NCD issue?
10 (Ten) NCDs (Rs. 10,000) and in multiple of 1 NCD (Rs.1000) thereafter.
What is the credit rating of U Gro Capital NCDs?
Rated ACUITE A+ (read as ACUITE A Plus) rating with Stable Outlook by Acuite Ratings & Research Limited CRISIL A- (read as CRISIL A minus) rating with Stable Outlook by CRISIL Ratings Limited at the time of the issue. Ratings can change; check the rating agency's latest press release.
Are U Gro Capital NCDs secured?
The issue is described as: Secured Redeemable Non-Convertible Debentures (NCD). 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, 5:47 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.
