UGRO Capital Limited has approved the issuance of Non-Convertible Debentures (NCDs) with a base size of 750 million rupees and an option to retain oversubscription of an additional 750 million rupees. This move could raise up to 1.5 billion rupees, strengthening the company’s funding base and market presence.
UGRO Capital Limited, a data-driven NBFC focused on financing MSMEs, announced that its Investment and Borrowing Committee has approved the issuance of listed, rated, senior, secured, transferable, redeemable Non-Convertible Debentures (NCDs). The base issue size is set at 750 million rupees, with a green shoe option to retain oversubscription of up to another 750 million rupees, bringing the total potential issue size to 1.5 billion rupees.
Key highlights from the announcement include
The NCDs will carry a coupon interest of 9.99% per annum, payable monthly.
Each debenture will have a face value of 10,000 rupees and will be issued on a private placement basis.
The tentative allotment date is December 10, 2025, with maturity scheduled for June 10, 2029, representing a tenure of 42 months.
The NCDs will be listed on BSE Limited, enhancing liquidity and investor confidence.
This issuance strengthens UGRO Capital’s funding base to support its MSME-focused lending model.
The approval underscores UGRO Capital’s strategy to diversify funding sources while reinforcing its commitment to transparency and investor engagement. The oversubscription option reflects strong market confidence in the company’s growth trajectory and sectoral focus.
Sources: FilingReader, JM Financial, Chittorgarh