UGRO Capital Limited raised money through a public issue of secured, rated, listed, redeemable, non-convertible debentures, open from 8 Feb 2024 to 21 Feb 2024. Coupons of 10.25%–11% a year, tenors of 18 months–27 months, rated IND A. Face value ₹1,000; minimum application ₹10,000.
UGRO Capital NCD issue: key facts
| Status | Closed |
|---|---|
| Issue opens | 8 Feb 2024 |
| Issue closes | 21 Feb 2024 |
| Listing date | 28 Apr 2025 |
| Coupon | 10.25%–11% a year |
| Tenor | 18 months–27 months |
| Interest payment | Monthly, Quarterly, 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 | JM Financial Limited |
| Registrar | Link Intime India Private Ltd |
| Listing on | NSE |
| Symbol | UGROD4 |
Series, coupons and tenors
- S1- Coupon 10.25 % p.a, Tenor 18 months, for Category I, II, III and IV Investors - Monthly Payment
- S2- Coupon 10.75 % p.a, Tenor 18 months, for Category I, II, III and IV Investors - Annual Payment
- S3- Coupon 10.35 % p.a, Tenor 24 months, for Category I, II, III and IV Investors - Quarterly Payment
- S4-Coupon 10.50 % p.a, Tenor 27 months, for Category I, II, III and IV Investors - Monthly Payment
- S5-Coupon 11.00 % p.a, Tenor 27 months, for Category I, II, III and IV Investors - Annual Payment
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: Apr 2025 (10%–10.5%) · Oct 2024 (10.15%–10.4%)
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 10.25%–11% a year, depending on the series and investor category, for tenors of 18 months–27 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 8 Feb 2024 to 21 Feb 2024, 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, 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.
