The issuance comprises two parts. The first is up to 1,05,000 listed, rated, senior, secured, transferable, redeemable NCDs with a face value of ₹10,000 each, with a green shoe option of up to 50,000 NCDs, aggregating to an overall issue size of up to ₹155 crore.
The second consists of up to 4,000 unsecured, rated, subordinated, listed, taxable, redeemable NCDs with a face value of ₹1,00,000 each, along with a green shoe option of up to 1,000 NCDs, aggregating to an overall issue size of up to ₹50 crore. Both instruments will be issued on a private placement basis and are proposed to be listed on BSE Limited.
Also Read: UGRO Capital board approves scheme to merge subsidiary Profectus Capital
The secured NCDs will have a tenure of 12 months and 22 days from the deemed date of allotment, with a tentative allotment date of March 27, 2026, and maturity on April 18, 2027. These carry a coupon of 9.50% per annum, payable monthly, with redemption at par on maturity. The company will create security through a first-ranking pledge over equity shares and hypothecation of receivables in favour of the debenture trustee.
The unsecured subordinated NCDs will have a tenure of up to 72 months, with the same tentative allotment date of March 27, 2026, and maturity on March 27, 2032. These carry a coupon of 13.25% per annum, payable semi-annually. Redemption will be split, with 50% at par at the end of 66 months and the remaining 50% at the end of 72 months.
In case of delay or default in payment, an additional 2% per annum over the coupon rate will be applicable on the outstanding amount for both instruments.
On Friday (March 20), shares of Ugro Capital Ltd ended at ₹94.15, up by ₹2.00, or 2.17%, on the BSE.
Also Read: UGRO Capital’s net profit rises 23% in Q3; AUM grows 40%
(Edited by : Jomy Jos Pullokaran)
